Ol' seven houses..

[Lilith7]

WHY the hell does anyone need 7 houses fgs....

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https://www.1news.co.nz/2022/03/22/chris...-comments/

It appears that he has one house to live in, one holiday home, a flat to stay in in Wellington plus 4 investment properties. Of those apparently one is now his campaign office. He's hardly maximising income from the portfolio. And I see nothing wrong in someone who was on a multi-million dollar income choosing to invest in houses that are providing homes for other people. Just like any other "mum and dad investor". The difference possibly being that Luxon's houses might be more high end than average. And I wonder why he hasn't done more. His parliamentary declaration show that the rest of his money has only gone into retirement savings schemes that are probably related to past employment. My concern with his potential status as PM is that he isn't sufficiently financially savvy to run the country well. He will need a good Minister of Finance and Nicola Willis doesn't appear on paper to be any better. But of course both may have expertise that hasn't shown up yet. Time will tell.

The article was good and reiterates a good balance of encouraging people to get ahead while looking after those who need help. It actually pushed me back towards a bit of support for where they are coming from.

"Providing homes for other people"

Whilst making a tidy profit so not altogether altruistic & I doubt many would put Luxon in the 'mum & dad investor' category. 


I've recently thought that anyone wanting to be a politician should have limits placed on them, including being able to own just one house as main dwelling & one other as a holiday home.
And that those not from Welly should be provided a modest state house for the time they're in parliament at a reasonable rent, &  that all politicians be required to spend part of their time (which is in our service after all)  surviving on the equiivalent of the lowest wage/benefit over winter, which enables them to stay grounded & in touch with the reality for many they represent.
And while we're about it, the perks & benefits they get for life need looking at closely,too. Including any little loopholes.