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Old August 10, 2018, 22:08   #1
Bawana jim
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New Zealand says no

To rich folks building get aways.

http://www.freerepublic.com/focus/f-news/3678349/posts

Foreigners are to be banned from buying homes in New Zealand after a spate of millionaires seeking luxury doomsday boltholes has apparently crowded out local buyers and pushed up property prices.

https://youtu.be/ABbc-O_3_Ac
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Last edited by Bawana jim; August 11, 2018 at 23:14.
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Old August 11, 2018, 15:37   #2
yovinny
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I really dont get the NZ thing anyway...
Their 'white mans burden', the Maoris, are at a higher population percentage than blacks in the US...
AND they have a history of eating ya for dinner too...
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Old August 11, 2018, 18:05   #3
wanneroo
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I know New Zealand, used to spend a month a year there and should be back soon. Right now aiming for next Feb/March, we'll see.

First, it's not a total ban, like Australia you'll be restricted to buying new properties not existing ones unless you establish residency.

Sure some foreigners have jumped in and bought stuff but I do not believe it's really driven up prices at all. If anything New Zealand needs outside investment and travel business to survive, so this is stupid and short sighted.

NZ currently has a wacko leftist feminist as PM. She didn't win the election, but the election was close and this one small party sided with her Labor party so, she's in power. She's NZ's version of barack obama. Openly socialist, lazy, never had a real job ever, spoiled, so on.
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Old August 30, 2018, 08:50   #4
open ear shooter
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Quote:
Originally Posted by wanneroo View Post
I know New Zealand, used to spend a month a year there and should be back soon. Right now aiming for next Feb/March, we'll see. are you knowledgeable regarding M2HB i.e ever built one ?

First, it's not a total ban, like Australia you'll be restricted to buying new properties not existing ones unless you establish residency.

Sure some foreigners have jumped in and bought stuff but I do not believe it's really driven up prices at all. If anything New Zealand needs outside investment and travel business to survive, so this is stupid and short sighted.
its no murder mystery the Chinese investors have been buying up real estate wholesale for the last 15-20 yrs driving property prices sky high, N.Z was built on Agriculture and today still remains its primary economic back bone

NZ currently has a wacko leftist feminist as PM. She didn't win the election, but the election was close and this one small party sided with her Labor party so, she's in power. She's NZ's version of barack obama. Openly socialist, lazy, never had a real job ever, spoiled, so on.
correct leftist feminist but we have had worse the one small party she sided with is Pro Gun Rights so its not all a bad thing
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