67 Comments
Feb 27Liked by Bernard Hickey

I’m taking it from his comments that he wants income to double! Now that is something positive if unexpected from Bishop.

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Feb 27Liked by Bernard Hickey

Bernard, do you actually think Bishop 1) means it, and 2) understands the obstacles well enough to make a credible plan for getting there? I'm not meaning to sound cynical, I would love to believe this government wants to do this & isn't just doing its own version of "Kiwibuild will solve everything, miracle to follow".

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It’s hard to be optimistic when this government was brought in on tax cut rolling back bright line and reinstating tax deductions for interest on rental properties. The people who voted for those policies would be dead set against this

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Saw this yesterday.. it was quite a compelling performance from KB. What it missed was the absence of questioning in the other know leavers of land and housing costs. Namely no one is talking about the treasury telling to gov that tax reform is clearly needed or that the Reserve bank effectively sets the price of housing with there lending restrictions. It was all about supply. What I did like is his frank comments about mixed use zonding and all his friends had already left NZ

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Something like Germany's Trade Tax might be an option. It's a separate tax on profits, increases your tax burden by around 1%, but *stays within the community*, giving local government an incentive to develop high margin industries. Reduces the dependency on central government and turns you from a beggar to a self-provider. Won't say that our (2500 population) village in DE has gold-plated pedestrian crossings, but it's got a lot of high-tech SMEs and let's the local council do useful stuff, like the ability to re-zone and buy land for subdivision development, specify infrastructure standards, exclude property owners and flippers and make sure that local families have priority. https://allaboutberlin.com/guides/gewerbesteuer

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Well, as my old auntie would say, who doesn't want "affordable housing"?

Oh that's right, Chris (7 houses) Luxon - up to his eyeballs in real estate "investment".

Look at what they do; not what they say.

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Sorry to say this, talk is so cheap.

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Agreed. Bishop's word are encouraging, but I find it difficult to trust his just found interest in equity....will wait and see how this one plays out. "In the spirit of The Kākā Project, a ‘full court press’ to change incentives would include:

1. land tax on residential land values, and land-bankers in particular;

2. pension savings tax break;

3. water and public infrastructure paid for with Treasury bonds serviced by land tax, congestion charges, water charges and land uplift value capture revenues;

4. the reversion of interest deductibility and ‘bright-line’ house trading income rules to previous rules; and,

5. a proper carbon tax and taxes on nitrous oxide and methane emissions to pay for emissions-reducing and water-quality-improving infrastructure."

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I wish him the best of luck.

Maybe if he flatters ACT by saying GST sharing is their idea, and spins it as regional development to help NZF (after all funding for councils means funding for the regions right?), then he'll be able to convince Cabinet too?

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Would also love to hear some plans to have income double..

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I did wonder how Bishop would end up demoted/outside Government - looks like it'll be housing afterall! He'll be gone by the end of 2025.

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Chris Bishop: "pledging to flood cities"

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They were careful not to upset their voters by mentioning this before the election?

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If he had included the imposition of capital gains, land or wealth tax... I may have thought he has been taking notes from your podcasts and writings! Feel free to open it from my side.

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"Flood the market with land" Flood the country with adequate infrastructure at the same time

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I'm all for opening this up.

Great talk from Bishop, but we've had enough talk, time to walk the walk. Having affordable homes in 10-20 years, is 10-20 years too late. Maybe we actually need to have the economic reset to course correct for the future... and I say this as a homeowner.

In Christchurch - Urban Sprawl is already a blight. Housing subdivisions are built over productive land on the outskirts, far from access to public transport and alternate transport options and poorly connected to existing local communities. The result is everyone drives and congestion is a massive problem. We have a population larger than Wellington - yet don't even have a commuter rail system. I would like to know where else he thinks we can build? Pretty much most of the remaining land is fertile and productive around Christchurch. There is a lot of potential for further intensification, but the CCC is already beholden to the aging residents groups that want to extract every last $ out of their properties whilst they can.

Appreciate the right words by Bishop, it was great to hear him give some honest answers to the problem, but again, there has been 15 years of talk about the housing crisis and we're over the talk, we need action... and urgently.

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