New Zealand bans foreign ownership
Basically it bans ownership an resales while it allows up to 60% on new developments as I understand.
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I agree & having lived in NZ, any influx of money should be welcomednapoleonbot wrote: ↑ Canada could do the same for the point hating Chinese money, but to save economy and household wealth may be not.
New Zealand is a immigration country to begin with, like Canada, but what more horrible though is that country is an isolated small island with very little meaningful economy.
So it only make sense for rich immigrant to stay for ocean bound leisure life and recreational nature enjoyment.
Similar to Toronto and Vancouver, only buying house make sense, anytime you want to do a business there are all kinds of red tape and rip-off waiting for you.
No need to say, don't work too hard either, government can tax you hard-earned money and handover to bum easy.
Aug 17th, 2018 4:52 am
Could the issue be that wise New Zealanders don’t want their beautiful country turning into Thailand?porticoman wrote: ↑ 4 million people + 40 million sheep ... this is an important event that Trump should take notice of
https://www.nzherald.co.nz/business/new ... d=12107707
it says 'some resale houses'
the blame lies on the Chinese
meanwhile in Thailand with a population of almost 69 million the density is 135 people per sq/Km, whereas in New Zealand it's 15 people per sq/Km
could the issue of this story be that there isn't enough housing in NZ, or too few people?
Aug 17th, 2018 4:55 am
You don’t know what you’re talking about, despite claiming to have lived there. On a per capita basis New Zealand has one of the highest immigration intakes in the developed world. You seem to be conflating foreign home ownership with immigration. You do know those are two different issues?porticoman wrote: ↑ I agree & having lived in NZ, any influx of money should be welcomed
The difference is the Kiwi Govt (Victorian) mentality that dates back more than 150 years ... protectionism, trying to keep it peaceful & quiet, no outsiders welcome & they don't care if they suffer their lot .... because 'no one cares about NZ' only the folks that live in that expensive hard to emigrate to little island.
look see how difficult it is to emigrate to NZ, almost impossible
4 million people, 40 million sheep ... thats NZ
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Australia and NZ have an EU-style freedom of movement agreement allowing citizens of one country to live and work in the other without immigration or residency procedures. In that respect, perhaps the new law considers Australians a type of “citizen abroad” and therefore not subject to the foreign ban. And anyway, it isn’t Australian speculators that have swamped NZ, they can simply speculate in their own homegrown bubbles in Sydney and Melbourne.
Aug 17th, 2018 12:56 pm
You’ve mentioned sheep in three posts. Why the weird obsession with sheep? It’s a large industry there. How many head of cattle are in Canada? Or chickens? Go look that up and get back to us.porticoman wrote: ↑ @ post #9 ^ I agree
its just NZ 40 million sheep have no voice & the 4 million population are mainly hobbits
when I live in NZ in the early 80's the census was 3 million people, 30 million sheep
even if by percentage of population of immigrant numbers are as high as they state ~15%, there are still too many sheep & too few people that would actually want to live in that expensive country
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