If your banking on capital gain, your not an investor, your a speculator
and therefor might be up for capital gains tax if you sell.

Alister Christie
Computers for People
Ph: 04 471 1849 Fax: 04 471 1266
http://www.salespartner.co.nz
PO Box 13085
Johnsonville
Wellington



Leigh Wanstead wrote:
> The money paid to tax is lost permanent. There is no way to get the money
> back. The house price is always up and down. If you are willing to wait in
> long term(let's say 10 years term), the house price is always up. ;-)
>
> Regards
> Leigh
> www.smootharm.com
>
> -----Original Message-----
> From: offtopic-bounces@delp...
> [mailto:offtopic-bounces@delp...]On Behalf Of Alister Christie
> Sent: Monday, July 30, 2007 9:40 AM
> To: toddm@kol....; NZ Borland Developers Group - Offtopic List
> Subject: Re: [DUG-Offtopic] RE: [DUG] basic question
>
>
> Negative gearing property, is just stupidity.  It's basically spending 3
> dollars to make 2 dollars and then hoping property prices will rise
> (although this has happened a lot lately) and is very risky.  I don't
> understand why people loath paying taxes so much that are willing to
> lose money to do it.
>
> Alister Christie
> Computers for People
> Ph: 04 471 1849 Fax: 04 471 1266
> http://www.salespartner.co.nz
> PO Box 13085
> Johnsonville
> Wellington
>
>
>
> Todd Martin wrote:
>  
>> I believe the top personal tax rate has played a significant role in
>>    
> fueling
>  
>> the housing boom. Let's face it, negatively gearing property investment is
>> the only option open to middle class salary earners to reduce their tax
>> exposure.
>>
>> With high interest rates, comparatively low rents and no great tax break,
>>    
> many
>  
>> of these people would flee the market. I think many would never have got
>>    
> into
>  
>> it in the first place without the 39% tax bracket.
>>
>> Futhermore, while I agree that some people would spend their tax cuts, if
>>    
> they
>  
>> got the chance, the ones paying most of the tax are also probably better
>>    
> able
>  
>> to manage their money and would be more inclined to save/invest or reduce
>> debt. That should have a positive effect on the economy and everyone would
>> benefit.
>>
>> I think there is too much prevalence of the "tax those filthy rich
>>    
> bastards"
>  
>> mentality in the NZ psyche.
>>
>> Todd.
>>
>> On Fri, 27 Jul 2007 16:41, Phil Scadden wrote:
>>
>>    
>>>> The point is that at 40% of GDP the govt is the biggest spender, also we
>>>> have huge increase in
>>>> bureaucracy which tightens the the labour market.
>>>>
>>>>        
>>> And doesn't this simply reflect WHO is spending the money? The government
>>> is not borrowing to fund spending. The alternative would be tax cuts. do
>>> you think the people getting the tax cuts are less inclined to spend than
>>> the people who getting the money via government spending? I agree that
>>> growth of central government size is a worry but in perspective, the
>>> increase is small.
>>>
>>>
>>>      
>>>> For all  the resource  the government  has at it
>>>> disposal no-one has categorically stated what is fueling the housing
>>>> market, tho I suspect it is
>>>> (in Auckland anyway) migration coupled with shortage of supply which
>>>> no-one politically wants to admit
>>>>
>>>>        
>>> And in South it is wealthy amercans buying up land for variety of
>>>      
> reasons.
>  
>>> I agree migration is issue. I also find that its impossible to find
>>> suitable people inside NZ so of course we are bringing more immigrants
>>>      
> in.
>  
>>> But we could lose the speculators thank you.
>>>
>>>
>>>      
>>>> As for KS, do i want to sign away 8%-12% of my income for the next 10+
>>>> years into badly managed funds
>>>>
>>>>        
>>> Is there a well managed fund? Some of the offering look pretty
>>>      
> competitive.
>  
>>> I am still making by mind but it seems that with combination of other
>>> investments and KS, this has to be worth looking at. If the funds dont
>>> do well, then time for holiday. however I am only 15 years out from
>>> retirement so pretty much got that sorted.
>>>
>>> ----------------------------------------------------------
>>> Phil Scadden, GNS Science Ltd
>>> 764 Cumberland St, Private Bag 1930, Dunedin, New Zealand
>>> Ph +64 3 4799663, fax +64 3 477 5232
>>>
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