7 votes

Foreigners face ban on buying homes in New Zealand after apocalypse bolthole fad hikes prices

Posted by Algernon_Asimov
Tags: new zealand, law, foreign ownership, housing, prices.house, policy.social, author.charlotte graham mclay, paywall.hard
https://www.telegraph.co.uk/news/2018/08/10/foreigners-face-ban-buying-homes-new-zealand-apocalypse-bolthole/

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Authors
Charlotte Graham-McLay,
Published
Aug 10 2018
Word count
55 words

6 comments

  1. NeoTheFox
    Link
    This is not a bad idea. When houses become an investment it can quickly ruin the local housing market.

    This is not a bad idea. When houses become an investment it can quickly ruin the local housing market.

    6 votes
  2. [4]
    Raphael
    Link
    They should do the same thing in British Columbia, my Canadian friend says that the housing market is out of control because of Chinese investors.

    They should do the same thing in British Columbia, my Canadian friend says that the housing market is out of control because of Chinese investors.

    5 votes
    1. [3]
      Catt
      Link Parent
      Not sure if it would help the average person much. The stats are really sketchy for this ranging from foreigners owning anywhere between 1 to 20%. And honestly if they are kicked out, locals will...

      Not sure if it would help the average person much. The stats are really sketchy for this ranging from foreigners owning anywhere between 1 to 20%. And honestly if they are kicked out, locals will invest instead.

      Small note, I'm know Chinese investors get tossed around a lot and honestly feel it's insensitive, if not out right racist. Vancouver has a huge Chinese Canadian population and I can't help but feel were not really differentiating between them.

      6 votes
      1. [2]
        Raphael
        Link Parent
        I don't understand how that would be racist or even insensitive.

        Small note, I'm know Chinese investors get tossed around a lot and honestly feel it's insensitive, if not out right racist.

        I don't understand how that would be racist or even insensitive.

        1 vote
        1. Catt
          Link Parent
          Because the issue BC is discussing is about foreign ownership which includes Americans too. It's also not about Canadian Chinese ownership, who make up a huge minority of Canada, and a very...

          Because the issue BC is discussing is about foreign ownership which includes Americans too. It's also not about Canadian Chinese ownership, who make up a huge minority of Canada, and a very visable one in Vancouver and area.

          6 votes
  3. Catt
    Link
    This feels wrong to me too, but somehow am not surprised.

    But Mr. Parker, the Trade Minister, said he was “offended” by the suggestion that an exception be made for the super-rich.

    This feels wrong to me too, but somehow am not surprised.

    3 votes