Why our tax system encourages rich people to keep buying houses – Whiteboard Friday

Gareth MorganProperty, Tax and WelfareLeave a Comment

For those not cashed up, buying a house may not be a good move and you may be better off renting. It’s a different story for those who are cashed up. This video explains why it makes sense for the rich to keep buying houses.

Why our tax system encourages rich people to keep buying houses – Whiteboard Friday was last modified: September 5th, 2016 by Gareth Morgan
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Gareth Morgan

Gareth Morgan

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Gareth Morgan is a New Zealand economist and commentator on public policy who in previous lives has been in business as an economic consultant, funds manager, and professional company director. He is also a motorcycle adventurer and philanthropist. Gareth and his wife Joanne have a charitable foundation, the Morgan Foundation, which has three main stands of philanthropic endeavour – public interest research, conservation and social investment.