Why are Tongan house prices so high?

3 years ago
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myscreenname
myscreenname
2446 posts
2446 posts
13 Jul 2022 4:14pm
Didn't Tonga bring in new rules about investors offsetting their interest costs against their income tax?

If so, why are property prices still high? Anyone here from Tonga?

Asking for a friend.
Pitbull
Pitbull
WA
1267 posts
WA, 1267 posts
13 Jul 2022 7:11pm
How much is a grass hut these days?
lotofwind
lotofwind
NSW
6451 posts
NSW, 6451 posts
13 Jul 2022 10:44pm
Well if its a hut made out of the grass the NZ crew love, its worth more per ounce then gold. and is the local WA currency apparently.
FormulaNova
FormulaNova
WA
15100 posts
WA, 15100 posts
13 Jul 2022 8:55pm
myscreenname said..
Didn't Tonga bring in new rules about investors offsetting their interest costs against their income tax?

If so, why are property prices still high? Anyone here from Tonga?

Asking for a friend.


Ha, you are a funny guy. I thought you had already won the comp? If not, this one clinches it. I bow down to a master. You need to be more clever though as this one is too close.

I can't read Lotofwind's post as somehow seabreeze is stopping me from reading it, but in it I am sure that he identifies that Tonga has replaced it's currency with bitcoin. Sort of like El Salvador.

I mean, what can go wrong. Replace a normal monetary system that works with a thing that is eratic, based on speculation, and something most people don't understand. Tonga could be the top country in the world, and then the next day be the poorest, and then the next day the richest again. Sounds great for the people.

Viva a la bitcoin.
Kamikuza
Kamikuza
QLD
6493 posts
QLD, 6493 posts
14 Jul 2022 7:14pm
FormulaNova said..
I can't read Lotofwind's post as somehow seabreeze is stopping me from reading it


Such a blessing isn't it, truly a gift that keeps on giving.
Carantoc
Carantoc
WA
7268 posts
WA, 7268 posts
15 Jul 2022 11:40am
myscreenname said..

Why are Tongan house prices so high?


What's the problem ?

Can't buy a south pacific hideway with bitcoin ?

I guess if you bought bitcoin with all your real money then everything these days seems verrrrrry expensive..
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