‘Chan-ban’ is a racist concoction cooked up by Whaleoil for Christ’s sake – using it as a term is intellectually bankrupt.
If one wishes to be critical, criticism should be handed out to Labour for failing to include Australians in the restrictions and an honest appraisal of what exactly ‘affordable housing’ means.
These restrictions on residential land sales for non-residents are a good first step, but it’s a step in the right direction for the electorate Labour are really aiming it at – the children of the middle classes.
For beneficiaries and low wage earners, home ownership is a dead fantasy killed by the 600% interest rate they are having to pay loan sharks monthly for just buying bread and milk each week.
Their interests would be better served by a mass State House rebuilding program akin to the one adopted in the 1930s that would also generate jobs.
Maori of course must be rolling their eyes over all this talk of foreigners buying up land. Seeing as they lost 95% of their land in only one century, it’s a debate steeped in irony.
Watching sewer dwellers like Slater twist this into a race issue for his political point scoring is as smelly as it is dirty.