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Letters: Property investors, private health patients, Pharmac and democracy 25 Feb, 2021 04:00 PM 8 minutes to read To address the housing issue Parliament has the mandate to make firm decisions, writes Scotty Yates. Photo / File NZ Herald All benefits to property investors Murray Higgs (NZ Herald, February 24) highlighted how unjust it is that property investors claim interest as a tax deductible item. Those struggling to own and live in their own home can t claim the tax deduction. They service the mortgage with already taxed income. Yet another benefit to a property investor is their ability to borrow. They offer banks multiple security with the number of tenanted homes. Easy to buy yet another property. But a private home owner may only be able to offer the security of servicing the interest by two incomes. Then the issue if one contributor s income is threatened. Perhaps pregnancy or illness. The ability to service the mortgage is halved and access to a

West harbourNew zealand generalNew zealandBritish columbiaNew zealandersScotty yatesRosemary simmonsJune kearneyFiona mackenziePaul beckDave norrisStuart macfarlaneJohnlr allumPhilip hopeJohn waymouthUniversity of otago