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Australia has long debated this housing idea, but in Auckland it's already working (www.abc.net.au)

submitted 11 months ago by [email protected] to c/[email protected]

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[–] [email protected] 5 points 11 months ago (1 children)

I read an article on the NZ community just the other day about how they have gotten rid of their Negative Gearing. Interesting read: They have some dude with 20 houses in his portfolio talking about how it's not worth buying houses any more. Instead he renovates, because improvements to the homes are still tax deductible.

[–] [email protected] 2 points 11 months ago

literally the perfect outcome