More on balancing Owner-Occupiers against Investors
RBNZ is giving consideration to making certain investors pay higher commercial rates but have problem with how investors can manipulate their borrowing
The Solution?
Assume ALL loans are commercial by placing a levy of perhaps 2% on the charged rate.
To balance this for an O-O credit back this levy where the O-O can prove occupancy for a minimum time each year.
An O-O can get some benefit for one investment unit by attaching a mortgage to the family home to invest in another property but this is very limiting.
The pressure from such action would ultimately lower property prices and benefit both O-Os and investors who would get a higher yield on fully owned (unmortgaged investments)
