#BHN

[@alisonkatecarter3656]

He claimed rents would go down, my rent went up after they gave the landlords their tax break. Luxon and Willis speak with a forked tongue.

[@66patc]

doublespeaker🤬

[@FlauxT]

Like he says it, there's legit zero incentive for anyone to reduce rents - you'd be crazy to do that.

[@HenrythePaleoGuy]

How anyone can fall for that is actually so saddening. Like holy crap, they've duped so many people into voting against their best interests

[@maninovaitupu3512]

Ova le pepelo

[@kiatupato182]

New Zealand getting cooked in the Greedy Juice. All favor onto the rich.

[@samwatson-tayler2805]

The vacant look on Luxon's face, it shows a real lack of intelligence or curiosity.

[@LOGAN_BURNS]

He’s exactly like that high school principal that no one can take seriously … the one that feels like the useless pushover deputy principal that is in charge for the week…. The one where u constantly wonder how he got the job or the position he’s at

[@user-rz9px7ge9h]

Anna Burns Francis was an absolutely excellent interviewer, I really miss her energy on Breakfast. Plus - my rent went up this year as well, so Luxon is full of shite.

[@clive0956]

Great video thanks guys and excellent interview, Anna!

[@tepauarangernz4549]

My rent goes up in February, from $475 to $495. Me, my wife and 2 baby girls live in a 1bdrm, our rent has gone by $120 since 2022 at increments of $50 til today. My rental homes maintenance has been neglected for 3 years and I am currently in process of TT

[@AnthonyFlack]

"$800 million. How'd you get it so wrong?" "Well, what we're doing here is making sure that life gets easier for renters across New Zealand" (shakes head furiously, blinks fifty times)

[@kiatupato182]

This is like a satire comedic skit. But it's not😂

[@Choice679]

Rents rose 4.5% in the year to September 24 and was the single biggest contributor to inflation. The $2.9B annual tax breaks for landlords did nothing at all to creating Luxon’s “downward pressure” on rental increases.

[@dougm7796]

Scary thing is that it seems Homer believes in his own lies.

[@Stephen-bq4nq]

Luxon got his ass kicked😂😂.

[@madmacksaysFu]

Stick and carrot . Beneficiarys (almost ALL renting) get the stick. Landlords get the carrot and are asked to use the stick on themselves.

[@kelbatt7729]

feel sorry for them . i was a beneficiary , i saved fifty dollars a week for five years and bought a house in my town for 150 000 in 2012. Paid 10% deposit, Mortgage was $255 per week, rents in my town were around $175 per week. Now. my mortgage is still the same, but rents have almost tripled to around $450 per week. I felt poor when i started the mortgage, but now i feel lucky.

[@simonhadfield7691]

His mouth is saying one thing and his head is left and right disagreeing with his mouth.

[@kelbatt7729]

Classic body language give away

[@Camzus]

As a renter, its gone up. Just like every other year

[@janlipski5215]

Bravo Anna! Like a moth to a flame. Exposing ignorance here is a beautiful thing.

[@cassieheslin798]

Her face 😂😂😂

[@gb10110]

1 min in and I already got a comment. Removing brightline helps his ass more than a landlord or a renter lmfao.

[@paullee3009]

He really wants to help renters by making landlords richer !!!!

[@SwOoPy287]

Its always been for landlords.

[@Jakey4000]

My landlord keeps wasting his tax break on second hand washing machines that are broken from day 1

[@Akku8581]

Increase the amount of houses? That idea went out the window years ago 😂😂😂

[@michaelcrane2475]

I freaking love Anna BF. Will miss her. She freaking owned The Thumb and his mates a few times. She should be the backup for Jack Tame. "Edit adition." She owned pollies of all creeds. My personal opinion is , she's a formidable journo, we need her and more like her.

[@deryckhumphries5827]

Gee Mr Luxon, so my rent is going to go down? You've given landlords a free cash injection, and you think they'll pass it on to renters? To quote the old Mitre 10 ad "Mate, yah dreamin'". All you can do is blame Labor, and try to deflect the fact that you, and your shoddy coalition are doing a shit job. You've broken so many promises you could almost make Trump blush.

[@amindafinch419]

Exactly... And further more, you wouldn't pay a doctor for a job he said he'd do but never does... so why is it they even get paid?. I mean, they wait til the end of the year to tell us what their upto, and what the economy is doing... they had plenty of time to do the prep work during time in opposition... imagine paying a tradie like that, 10months on the job getting paid top dollar, and haven't actually done any of the work they were signed on for?... you wouldn't because you realize your being hustled and you'd take them to court. Sheeeeesh

[@merlenechambers575]

We are talking about homes here. And it is Investors buying up the housing stock. Luxon is a NeoCon. You are correct Chewie, families go along to an auction for a home, and the investor wins all the time. If you have money to spare to invest, you sure as hell are not going to invest in a business. You will purchase a couple of properties, tax free gains. Thank you for discusing these interviews. 🙂

[@peterbeswick9777]

So Luxon says that if a landlords costs go down, rent goes down, right? He’s mortgage free on his rental properties, so are his rental rates the lowest?

[@davidarchibald50]

Yeah, I thought rents were set by the market not greed...like in supermarkets, could economics be wrong? Oh dear!

[@sambeaumont395]

@@peterbeswick9777 no he is saying that resurrected tax deductibility will help take the pressure off rents. No one should expect rents to go down, or to be fair stay level. Increase slowly is probably questionable given there is a lack of new supply (housing) being added. HOWEVER, what he is saying is just a mask for - look these are the people that are most likely going to vote for me, my friends etc. so I am helping them and hoping they will help keep me in government.

[@StarzPopzD]

He sold 3 of his rentals

[@peterbeswick9777]

@ I’m not sure what your point is… I will point out, however, that the profits from those sales were tax free.

[@kiatupato182]

Power move, change brightline law, sell property, avoid paying $$$ of tax. And then claim life is so much easier for kiwi renters.

[@tivo148]

Interesting, yet my rent is still increasing.

[@kelbatt7729]

I just checked my own town and three others around it -rents are up between 9 and 12 percent this year. Can't find any town where rents are down.

[@jeanrichardson2044]

I don't see those same landlords lowering those same rents now they have an $800 million concession. Increase the rental properties by halting Kainga Ora builds.? $800 Million would build a lot of houses, and generate our building companies, which could be made available for families to buy.

[@jeanrichardson2044]

Many renters have a Social Welfare subsidy just to get into a house. Again the taxpayer pays. Landlords know this, they don't care. If they can get someone to rent their houses, stuff the renter.

[@SwOoPy287]

And now we see apartments barely occupied.

[@maxwellsmith80]

Would also make a lot of jobs

[@SwOoPy287]

@@jeanrichardson2044 true,true true.... and true.

[@RickCarleton]

@@SwOoPy287 Land tax pleaaase

[@robertspinks9570]

The compensation to be payable to Hyundai shipyard would build pay for a lot of state houses Mr Brightline !

[@owennovenski4794]

Please take careful note New Zealanders of the disastrous mistakes the Americans have made and continue to make in their collective political judgment. Fortunately for NZ, America is far ahead of most democracies, which includes New Zealand’s, in hypocrisies, incongruities, inconsistencies and general incompetence as it pertains to any social covenant, global environmentalism, wealth equity, education or health. So, no need for countless hours of speeches, white papers and debate around a conference table in the Beehive on how New Zealand should avoid certain pitfalls while moving forward. Just take notes.

[@Williamhale-m4u]

My landlord has increased the rent by 200 a week under these people, he's a happy man under them,

[@arohatahau]

Great job pat and chewy I hope this helps our fellow kiwis see how he operates as our countries leader,when addressing matters that effect us all.He has been chosen to lead our democracy and should be giving honest answers to the people that put him there but he doesn’t,and that smacks of personal agenda and arrogance to me.A lot of kiwis dump on journalism but at least they are asking the questions we need answers to.

[@sambomckenzie]

Great watching. Fully agree with you guys

[@LorenzoBuhne]

My rent’s going up in February!

[@rogerbrand6214]

Can 7,6,5,4 Houses find a SINGLE RENTER whose rent has dropped as much as he claimed?

[@deryckhumphries5827]

Haven't they forced Kainga Ora to halt a chunk of their build program?" Oh, we need to increase social housing", by stopping building them? To use his own turn of phrase, "What I would say to you is, you're an idiot Mr Luxcon!" Yes the spelling was deliberate.

[@seza1713]

And now he is selling huge tracks of kaianga ora land...

[@kelbatt7729]

"What i would say to you is" pre curser statement to a lie.

[@deryckhumphries5827]

@@kelbatt7729 On my part or his? I could give you a list of lies he has given to NZer's since before the election and once he got in to office, but I don't think there's enough room in the comments section to allow it.

[@WilliamWiremu]

I don't know anyone, work colleagues or whānau whose rent has gone down. My daughter's rent went up $30 per week in the last 6 months. What I'd say to you Chris Luxon is cut the crap and deliver relief to renters as well. They can't deduct their rent from tax like the landlords now can.

[@WinterWolf_NZ5179]

Luxon's body language, stutter and out right dodging the question, sick of seeing the lies and the smug looks.

[@kelbatt7729]

At what stage of a term does a current government lose the right to blame the previous government?

[@WinterWolf_NZ5179]

@kelbatt7729 At what point did I say they couldn't? I am sick of hearing them not facing the question and ducking out. Truth be told people need to stop fighting each other over these things and come together and work together to make sustainable solutions to our problems and stop the blame games. We are supposed to be one country let's start acting like one and show the world what makes us Kiwis great.

[@barrytoneycliffe2799]

It's actually not that hard to fix our housing shortage, invite wealthy people from overseas to come to New Zealand, however if you come to NZ from overseas you can not buy a existing house ,you must build one.

[@KellyWellington-l1l]

Well,that's the Austrailian policy.They've actually got all sorts of good polices that specifically help Austrailians,like we used to do before Roger Douglas came along

[@Br1gHtB1AcK]

Why is it, the only thing he seems really good at is...looking really bad at his job 🤔

[@kelbatt7729]

Cause he's the worst prime minister we have ever had

[@badger51]

But look, what I'd say to you is, no-one is better at looking crap at my job than me. I've made an art form of it.

[@Br1gHtB1AcK]

@badger51 ....and that's why I Deserved the pay rises 😤 Bahahaha that's so him 🤢

[@WwBb-t2v]

Rent up , landlords subsidies up , win win for landlords

[@eleanorrae7378]

By law still had to pay the rent when the ceiling had fallen out. Sure you have rights on paper. Downward incentive is only on paper. No pressure.

[@erniehall7164]

Never got a rent reduction in my life. Plenty of increases though.

[@andymaafu4111]

Im on old age pension things have got much worse under luxon. I had to go to doctor couldnt get into my own.cost me one hundred dollars with a community services card.groceries still rising power bill rising. I have a granddaughter on a sickness benefit she has been threatened two or tthree times having her sickness benefits stopped because she cant find part-time work her health has suffered she has become more depressed then ever . My daughter went to Australia to live she's had enough. Homeless people are back on the streets some ofthem mentally unwell and very scarey. I miss labour im eighty three i lived comfortabley under labour. Lifeis struggle now 😢😢😢

[@Melisa-vc8my]

Legend Anna Burns Francis! Many journalists are becoming much better at interviewing the PM. His tactics remain the same.

[@Veni_Mann23]

I like the reaction from Anna Burns-Francis to Christopher Luxon explanation was hilarious 🤣🤣

[@sambeaumont395]

Anyone thinking that reducing Landlord cost will result in reduced rents is kidding themselves. If that is what you take from Luxton here, I’m sorry. What Luxton is saying is that as a result of these changes rents will not continue to go up as fast as they have. I still don’t believe that for a second - first not all landlords will get those benefit (Luxton himself included in this group - but he would have raised his rents with the market when the deductions were taken away). But secondly rents are more based on supply and demand than they are on landlord expenses. The National Government have reduced funding toward social services, health care and elsewhere while also forcing more people into needing them. If they privatise this like they have other items in the past they will only make things worse.

[@WilliamWiremu]

Exactly!

[@iiiu171]

Keep up the good work guys well done

[@fairynuff167]

Landlords should pay secondary tax on their income from property.

[@seza1713]

Ya if its a business and they run it like a business then tax it as a business...

[@miggyalejandro]

Bald Blunder's greatest hits.

[@maxwellsmith80]

You should ask if his rentals have gone down

[@kelbatt7729]

Since the year 0 AD- when has ANY landlord ever voluntarily reduced his rent?

[@martymcwhirter9864]

There is a simple formula to this.cap the amount landlords can charge above the overheads,mortgage,rates,insurance.should only be allowed to charge a bit above for maintainance.if the landlord needs to borrow more on the value then they have to cover the higher repayments.not the Tennant.

[@mysticchicken5352]

Labour did fund school lunches and pharmac drugs? NacTnz defunded both, cuts cuts cuts... what are you smoking Luxton?

[@dumdum607]

Guess what she don't got her job back. She was so strong in not being bullied, told the truth and facing him .

[@KellyWellington-l1l]

Good grief!Rob Muldoon got a great many things wrong but even he could keep track of his own narrative!

[@Staxsgurl]

13k views, nice work boys.

[@thomasmumm5413]

Rent rising $40 a week in January. More than the previous year. Thank goodness for that downward pressure!

[@tuivuetaki3901]

I got sucked in by their tiktok clips before elections😢 Damn liars, politicians cant trust them.

[@edwardstewart3453]

Rentals R Rising faster then the Sun

[@edwardstewart3453]

The Rich R Getting Richer,Never mind Low income Society.

[@kelbatt7729]

The current, Global way of things.

[@The-Real-Ando]

The main reason rents go up is because real estate companies now manage rentals as well. They frequently increase rents (even if not asked for) this means a higher sale price if sold and the real estate agents win either way. The way out of this mess is for the government to create subdivisions and sell the land to first home buyers that then choose their own builder. The Kiwibuild model was doomed to failure when large construction companies are involved. It would be a great benefit for the small/medium house builders as well.

[@keithburt2858]

Simple way to keep reality in government is to have them all supplied with the average nz pay -cars -food .No extras no sense of entitlement period.Theres no reason we cant build a production line of preassembled houses which anyone wanting to enter political areas would work on physically for several months like an apprentiship.We build whole hydro towns easily previously remember .

[@amindafinch419]

Rock solid numbers even though he also mentions over his numbers that he would argue against them... argue against his own "rock solid" numbers... what a joker

[@PinkVintageNails]

Power companies need to reduce their rates as do councils need to reduce their land rates.

[@amindafinch419]

Nationals rhetoric is suggestive of an honesty box in an area they have insured has negative incentive for honesty. And that hes not capable of understanding. How is he allowed to be a landlord and prime minister, and that hes not into being apart of change is disgusting

[@sherylmowbray4493]

Alll he does is waffle could not answer a question truthfully if he tried. By the time he gets round to picking his way through to answering everyone has lost interest. Talks rubbish.

[@eddieedmondson7698]

Of course he pivots. Standard politician.

[@badger51]

In his case, below standard.

[@hinemoawetere5024]

I got a lovely Xmas pressies from my landlord, $50 more per week on a 60 day notice. This is BS!

[@maxwellsmith80]

Trickle down never happens. Just make sure the people that need the money get it or actually use the money you gave to landlords to build the houses that are needed

[@kelbatt7729]

The trickle down economic theory has failed the general populace of the world.

[@sambeaumont395]

The question (to which media should already have the answer for) to Luxton should be… How much did you increase your rents since the tax deductibility was removed? Since it had no impact to you personally.

[@kelbatt7729]

Question; In your life have you ever known a landlord to lower their rent- ?

[@Stephen-bq4nq]

People need to own a property not rent you are seeing more retirees having to keep working afrer 65 because they don't own a home and are getting bled dry paying rent.

[@lornaperkins7042]

💯

[@lornaperkins7042]

He knows. He just lies.

[@Graham-fo8zv]

Businesses pay tax on their taxable activity eg cafe pays tax on the profit derived from selling food. They do not pay tax on any capital gain resulting from the sale of the business. Nor do they have a tax deductible loss if they incur a loss upon the sale of the businees. Landlords are in the business of rental supply. They are not in the business of selling properties. There should be no distinction between a cafe owners business and a landlords business.

[@jaapbuys9673]

This interest deductibilty makes it harder for home owners to compete in the same housing market where landlords can deduct mortgage interest, maintenance, etc. It has created a distorted market hugely advantageous for landlords. Chewie and Pat are spot on. With the reduction of the brightline Test period it is the return of the property speculators such as Luxon, tenants now no longer have the assurance of a long term rental.

[@MockanTroll]

Smiling assassin

[@Mcfreddo]

The government just reset to landlords that every business have in their tax offset for costs. Labour changed the regime against the property owner only, but not all businesses. Capital gain when you sell the business. When you increase costs to the owner, of course the rent price will go up.

[@antonisaacs4869]

Trickle down don't work

[@kelbatt7729]

Overt the last 50 years, has proven itself to be an abject world wide failure, but it's been unbelievably great- if you are rich.

[@sinamumuta7910]

Happy new year, Prime Minister.

[@samuelbroad11]

Businesses are Productive. The property market has a negligible amount of new builds, the vast majority of speculation is on existing housing stock, which produces nothing new. A productive business hires people and produces Goods and Services. A house, lets say, 50 years old, changes hands and is rented out. The house already existed. Nothing was produced. That's why the safe place to invest, and New Zealand isn't alone in this , as property is cray-cray. All that investment is a massive amount of debt (mortgages) which is producing nothing new of value. The reserve bank prints Government Bonds to cover the mortgages ( as the Private Banks have increased the amount of money needed )and that's why we're screwed. Countries around the world that have more affordable housing ALL have a Government role in owning a large factor of rentals, about 25% on average: Germany, South Korea, China. All productive power-houses of economies: pun intended.

[@Jim-BobWalton]

Such a grilling! Anna was struggling SO hard to not to laugh in absolute incredulity 😂 I’ve Leah’s thought that rent should always come down as the mortgage is paid So smarmy and condescending!

[@robertwilson7683]

I feel your pain, but really I want to feel your money

[@DeeOldChook]

😂wtf...

[@SwOoPy287]

Truedat

[@joebloggs1365]

Hi dee

[@Effectuality]

Hang on, our Prime Minister says we need to build more houses, and that we're not building enough... But he owns 5 freehold rental properties and he's not building more? Isn't he one the people that could be making the changes he wants to see??

[@riverw4721]

as a Wellington renter, I'm optimistic I'll be able to find a rental for cheaper next year. so many people have left that a bunch of renters are left holding the bag trying to fill rooms or entire flats; and when leases end next year it's gonna go back onto the landlords. thanks, nact1st! i get a better pick of rentals and quieter streets, thanks to all your layoffs!

[@kiatupato182]

So life gets easier for New Zealand renters? 😂

[@LisaPoihegatama]

The Cluxon stutter. 😂😂😂😂

[@dougjane64]

Lyin Luxcon, lying again!

[@byrongordonbeukes3934]

Well then Government, in order to help save money, should not pay rent for his premises either, I mean, he owns the premises and he doesn't have a morgage... so?

[@amindafinch419]

Totally understand why winston peters openly signed a declaration wherein hes stated he disagrees with current goverment

[@sambeaumont395]

Just like to point out that while Interest Only is a great way to invest, there is a point where it makes more sense to reduce the debt - be it age, total debt, or other risks. Interest only loans is about buying two, waiting, selling one clearing all debt.

[@7374757678]

Free Luigi

[@kelbatt7729]

There will be more Luigis, in more countries. The era of the super rich controlling our lives is coming to an end.

[@AnthonyFlack]

@@kelbatt7729 - well, I'm inclined to agree about the first point. Not so sure about the second but we live in hope.

[@grantsutherland6798]

If humans were trees, Luxon would be a Chinese Privet

[@amindafinch419]

Did he really just double back and contradict himself... " landlords would have to sell up" suggesting hes against more houses on the market then to layer on say " we need more houses on the market"... if i know one thing about bs an people, never trust a guy who talks about his ideals he never lives by... cause hes full of shyt.

[@stephenkereopa7495]

Does he believe that we can’t see his bullshit.😂 He is so full of crap. 😢

[@peterhoffman135]

Wait, if rental property is super profitable, surely that'll encourage more property to be built. Eventually that'll drive the prices down. Supply and demand. What am I missing? Short term pain, long term gain.

[@joebloggs1365]

My thoughts exactly sir

[@amindafinch419]

You know hes full of it, when cornered an starts trying to run her down

[@RussellHeath-q4n]

Im damn sure he thinks we are Palestinians and he is Netanyahu. After all he refused to forward a Ceasefire order , that makes Luxon blood thirsty, evil thinking.

[@Acthungbaby]

This was from a guy claimed a huge allowance for living in his own rental in wellington .these guys fat cats all have mulit houses .they need build more housing .labour where usless too .

[@MrAlleykat269]

No one pays capital gains tax on profits on any business sold at a profit.

[@paulrayner1274]

Out of touch with real New Zealand!

[@StarzPopzD]

Didnt he sell 3 of his rentals

[@kentaylor2416]

What has this pretender been in charge of that hasn't been a disaster?