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
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Obituary: Kevin B. Simmons
PORTLAND - Kevin Benjamin Simmons, 55, passed away peacefully Saturday, Jan. 16, 2021, at Gosnell Memorial Hospice House, Scarborough after a .
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Kevin B. Simmons
PORTLAND – Kevin Benjamin Simmons, 55, passed away peacefully Saturday, Jan. 16, 2021, at Gosnell Memorial Hospice House, Scarborough after a long illness, with his loving partner by his side.
Born in Portland on July 7, 1965, to Robert A. Simmons and Jean C. (Russo) Simmons, Kevin attended Portland schools and graduated from Portland High School in 1984. After attending college, pursuing an education in hotel management, he immediately began working in the hospitality field. In 1994, Kevin purchased his first hotel, The Caribou Inn and Convention Center, at only 28 years old. Just a few years later, he purchased his second property, The Presque Isle Inn and Convention Center, in 2000.