Housing should be affordable except for when I sell my house for $1M

Re:Housing should be affordable except for when I sell my ho... by seanmcdirmid on Saturday April 22, 2023 @08:26PM (#35672179)

My state lacks an income tax, so we pay high sales and property tax. But overall my tax burden should be lower than NZ, but those property taxes are ridiculously low, no wonder NZ is (or was?) a good place for foreigners to speculate on property.

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Re:Housing should be affordable except for when I sell my ho... by lostlogin on Saturday April 22, 2023 @10:39PM (#35672854)

We welcome you in!

And if it’s getting tricky, you can usually find a politician who is sympathetic and will bend the rules for you.

Thiel managed 12 days here before citizenship came though, but if you aren’t as rich as him I’m sure we could come to an arrangement.

If working here, you’ll be alarmed by the low wages, high housing costs (for low quality housing) and high cost of living. However bad you think it is, it’s worse.

But other stuff is great!

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Re:Housing should be affordable except for when I sell my ho... by seanmcdirmid on Sunday April 23, 2023 @01:05AM (#35673442)

I have enough acquaintances from NZ in tech to know the drill, but just that low or no property taxes, in relation to other taxes, encourages property speculation (eg in china, which lacks them).

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Re:Housing should be affordable except for when I sell my ho... by lostlogin on Sunday April 23, 2023 @02:40AM (#35673917)

You are correct. It’s crashing down now though.

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