Wheel estate. The wealthy buy multiple houses as investments...which drives up prices but provides lots of rental accomodation...for young families who can't afford a first home...because tax loopholes make property speculation profitable, so... 19 December, 2007

Wheel estate. The wealthy buy multiple houses as investments...which drives up prices but provides lots of rental accomodation...for young families who can't afford a first home...because tax loopholes make property speculation profitable, so... 19 December, 2007
Date
2007
Ref
DCDL-0004711
Description

Shows a nice old house called 'Wheel Estate' in the centre of the image and in a circle around it, joined by big arrows, are a wealthy investor holding wads of money and grinning, a woman holding a 'to let' sign as she advertises rental accomodation, a sad-looking family who cannot afford a house and lastly a man from the IRD, worried because of the tax loopholes that make property speculation profitable. And round and round the circle goes as housing remains very expensive and beyond the means of many.

Quantity: 1 digital cartoon(s).

Use/Reproduction
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Access restrictions
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Part of
Moreu, Michael, 1969-: [Digital cartoons published in the Christchurch Press and Fairfax Media]
Format
1 digital cartoon(s), Works of art, Digital images, Cartoons (Commentary)
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Wheel estate. The wealthy buy multiple houses as investments...which drives up prices but provides lots of rental accomodation...for young families who can't afford a first home...because tax loopholes make property speculation profitable, so... 19 December, 2007. Moreu, Michael, 1969-: [Digital cartoons published in the Christchurch Press and Fairfax Media]. Ref: DCDL-0004711. Alexander Turnbull Library, Wellington, New Zealand. /records/22620497

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