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New Zealand bans many non-resident foreigners from buying homes

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Plenty of land in New Zealnd but greedy government suppresses development leading to house prices shooting up

-2 ( +2 / -4 )

Protection of a small market from being swamped - fair enough!

But ...

The government has said the ban would not apply to Australians and has been negotiating with Singapore, whose free trade agreement with New Zealand allows foreign ownership, on whether to grant an exemption.

TPP anyone?

0 ( +1 / -1 )

Expect recession in NZ now. All people should have a right to buy home, regardless of colour or where from.

0 ( +0 / -0 )

Expect recession in NZ now. All people should have a right to buy home, regardless of colour or where from.

But if the Government doesn't want it, it doesn't matter who has the right.

-5 ( +0 / -5 )

Good; I wish the UK would ban non-residents from buying property.

4 ( +4 / -0 )

regardless of colour or where from

It's not about colour or where they're from. It's about where they live, i.e. not in New Zealand.

4 ( +4 / -0 )

@ Ganbare Japan!

Expect recession in NZ now. All people should have a right to buy home, regardless of colour or where from.

Ah, I'm thinking about buying a house in Japan. Why do you say ?

0 ( +0 / -0 )

Sane countries are starting to realize that when you put your houses and land on the global real-estate market, your own working people - like nurses and teachers - are the ones who get sc**ewed through unaffordability.

Canada and other place are starting to realize the horrid mistake they made in opening their doors to moneyed foreigners, and are starting to crack down. Of course, I warned of this about 15 years ago concerning Vancouver. Satisfiying to see when one's radical contrarian views are accepted years later by the Einsteins who run policy as plain common sense.

1 ( +1 / -0 )

Eh, Ganbare Japan !

..What do ya say? :)

0 ( +0 / -0 )

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