Labour Thinks Landlords Are Pernicious Cash Cows

Lindsay Mitchell has been researching and commenting on welfare since 2001. Many of her articles have been published in mainstream media and she has appeared on radio,tv and before select committees discussing issues relating to welfare. Lindsay is also an artist who works under commission and exhibits at Wellington, New Zealand, galleries.

A media report yesterday talked about landlords “threatening” to hike rents in response to to Labour’s closing the “loophole” of loan interest deductibility.

Both of those terms are misleading. The first is an effort to paint landlords as thugs. The second, as tax dodgers.

Landlords with mortgaged properties will have no choice but to hike rents or sell. They cannot simply absorb further expenses. For instance, the government never mentions how quickly insurance has escalated.  And rental property insurance is more expensive than owner occupied insurance. Meanwhile rates continue to grow over and above the inflation rate. Not to mention the significant property maintenance costs imposed by this government.

I can’t wait to stop being a landlord. The only reason we are hanging in there is because we care about our tenants and don’t want to evict them. 

Please share this article so that others can discover The BFD.