Who owns all the homes? MPs own all the homes: New Zealand's 121 Members of Parliament own at least 292 properties between them

This makes any sort of Capital Gains Tax or land tax a difficult prospect.
That's one horribly conflicted parliament.
cheers
Bernard

So what are you suggesting Bernard,  that no MPs should have a pecuniary interest in property?

Let us all buy houses and rent em to each other.
That way the country will be Super Productive, Super Paid and Super paid up, no need for Kiwisaver.
 

This goes a long way to explaining why so many MPs seem blind to the affordability issue, paying lip service to it from time to time but not seeming to fully grasp just how expensive and difficult it is for first home buyers, even with record low interest rates.
 
Jacinda Ardern and Nikki Kaye, who are both young and both based in central Auckland, are two of the few who really understand just how high house prices are.  When even these highly-paid MPs can't afford a house, what chance do those on lower incomes have?
 
I shudder to think that we might have to wait until their generation (my generation) is in charge before something is done about this. 

i want to know who lives in the point four of a house

here i was thinking that the greenies were all pot smoking vegans but it appears that at least five of them are also property moguls.
maybe they need the extra land for growing crops.

Or rather wealthy...may just be part of a wider investment portfolio.
The problem is we have no main industry that doen't run without tax payers money...let alone mnay productive ones!!!
Property - subsidy by WFF and accomodation subs.
Farming -Development expenditure, tax deductibility catergory very broad so can pay limited income tax and collect the capital gain tax free.
Tourism -Local and central Government subsidies via venue and events....conference market dominated by the public sector.
Charities - some people do very well out of Government contracts.
Banking/finance - been cover well here already
 
 
 

See the traffic has tripled. I should get a cut of yer capital gains..

Well well well
Wellington Wellington Wellington
It's pretty damn hard to change the status quo when our venerated leaders have so much invested in it. I would like to think that they aren't consciously avoiding changes to keep their investments buoyant, rather there might be some unconscious influence. But who knows?

With this sort of bias, it is difficult to see how our taxation system is ever likely to be re-balanced to create a level playing field, where productive and export-oriented enterprises can compete fairly with the likes of property speculation.
The country as a whole is the loser from this systemic corruption.  Pity. 
 
 

What % at Treasury are landlords I wonder!

Nah Nah Nah , you have all got this all wrong . Kiwis are benefitting from owning rental property , big time .
Its the most direct way we can benefit  finincailly and profit  from the governments immigration policies and and restriction of land- for-housing- development policies.
There will always be an immigrant to screw over when he lands at Auckland airport and has to rent one of our astromonically expensive houses .
Auckland Coucil's restrictive and rapicious fee rorting behaviour when it comes to land development consents , is just the cherry on top.
As long as it carries on , and there is no political will to change the status quo, it will be very good for us to speculate in property.  

My good friend ChrisJ was good enough to link interest.co.nz readers to the recordings of Tacitus recently, and Tacitus has recorded the very difficulty with this sort of behaviour at 6:16
 
"Meanwhile a powerful host of accusers fell with sudden fury on the class which systematically increased its wealth by usury in defiance of a law passed by Cæsar the Dictator defining the terms of lending money and of holding estates in Italy, a law long obsolete because the public good is sacrificed to private interest. The curse of usury was indeed of old standing in Rome and a most frequent cause of sedition and discord, and it was therefore repressed even in the early days of a less corrupt morality. First, the Twelve Tables prohibited any one from exacting more than 10 per cent., when, previously, the rate had depended on the caprice of the wealthy. Subsequently, by a bill brought in by the tribunes, interest was reduced to half that amount, and finally compound interest was wholly forbidden. A check too was put by several enactments of the people on evasions which, though continually put down, still, through strange artifices, reappeared. On this occasion, however, Gracchus, the prætor, to whose jurisdiction the inquiry had fallen, felt himself compelled by the number of persons endangered to refer the matter to the Senate. In their dismay the senators, not one of whom was free from similar guilt, threw themselves on the emperor's indulgence. He yielded, and a year and six months were granted, within which every one was to settle his private accounts conformably to the requirements of the law."
 
 
 

Gee...MPs own 292 properties between them. 
Perhaps they are more intelligent than I thought!

Food for thought:
http://smh.domain.com.au/blogs/talking-property/seniors-struggling-to-ma...

is NZ property really that strong?
Foreclosures at record highs:
http://www.stuff.co.nz/business/money/7070430/Record-mortgagee-sales-near-six-a-day
it's a funny mix at the moment. Residential buildings consents actually dropped in the March quarter, contrary to those Nostradamus's Westpac's prediction of a 5% rise. So the crap supply response is going to minimise any falls. But at the same time unemployment is going up, there will be less job opportunites here in Aus, and some kiwis may even return putting more pressure on jobs in NZ
So I can't see gains overall being any higher than inflation for quite some time
And with great uncertainty in Europe and China - the risks are on the down side rather than the upside
 
 
 

Foreign investment in residential property (Australia).
Information and statistics regarding foreign ownership of Australian property is currently unavailable due to censorship, blanking and redacting by the Federal Government[11]
In December 2008, the federal government introduced legislation relaxing rules for foreign buyers of Australian property. According to FIRB (Foreign Investment Review Board) data released in August 2009, foreign investment in Australian real estate had increased by more than 30% year to date. One agent said that "overseas investors buy them to land bank, not to rent them out. The houses just sit vacant because they are after capital growth."[12]
In April 2010, the government announced amendments to policies to "ensure that foreign non-residents can only invest in Australian real estate if that investment adds to the housing stock, and that investments by temporary residents in established properties are only for their use whilst they live in Australia."[13][14]
Under the rules, temporary residents and foreign students will be:

• Screened by the Foreign Investment Review Board to determine if they will be allowed to buy a property.
• Forced to sell property when they leave Australia.
• Punished if they do not sell by a government-ordered sale plus confiscation of any capital gain.
• Required to build on vacant land within two years of purchase to stop "land banking".

Failure to do this would also lead to a government-ordered sale.[15]
http://en.wikipedia.org/wiki/Australian_property_bubble

121 Members of Parliament own at least 292 properties AMOUNGST them.  There's more than two.