Foreign investors with residency visa to be able to purchase New Zealand homes under new settings
Wealthy foreigners with an investor residence visa will be able to purchase a home in New Zealand, the Government has announced in a major change to the country’s overseas investment regime.
And it’s gone, all Winston’s credibility.
By allowing Foreign Multimillionaires to simply buy citizenship and property speculate is such an enormous walk back fro NZF and it highlights just how fucked and desperate this Government now is to generate anything that resembles economic growth, no matter the damage.
NZF voters are the worst of the worst. Anti-vaxx, Ant-Trans, anti-Treaty redneck lunatics who despise immigrants and are frightened by eclipses.
How the flying Christ cross burners like NZF voters are going to be able to align their hate towards immigrants and Winston u-turning on allowing rich foreigners to speculate in our property market is going to be as fun as MAGA acolytes defend Trump over the Epstein files.
Just consider what we are actually witnessing here.
We have a Prime Minister who is so desperate he is manufacturing a speculative property bubble and harassing the Reserve Bank to do it!
To quote Matthew Hooton…
Imagine Jacinda Ardern is Prime Minister. She goes on a generally friendly media outlet for a weekly chat. Despite not being under any particular pressure by the interviewer, she ends up saying that she meets privately with the Governor of the Reserve Bank before official cash rate decisions, and gives her “reckons”’ or “views” or “perspectives” on what the monetary policy committee should decide. What then happens in the media and political worlds?
Ok.
Who would scream fascist first if Jacinda had done what Luxon did this week?
A) Mike Hosking
B) Sean Plunkett
C) Heather Du Plussie Allan?
D) Damien Grant
E) Jordan Williams
F) Peter Williams
G) The Taxpayers’ Union
H) Federated Farmers
I) Groundswell
J) All of the above?
We all know the answer is J.
Brothers and Sisters – are you all fully cognitive of what our Prime Minister is attempting to do here?
Luxon is so desperate he is manufacturing a speculative property bubble and harassing the Reserve Bank to do it!
National’s plan (after their slash and burn economic vandalism) is to sell citizenships to 215 Gold Visa multimillionaires, change the overseas investment rules to allow those new multi-millionaire ‘citizens’ to buy residential property and the Prime Minister just breached the Independence of the Reserve Bank all to inflate a speculative property bubble!
Is that the best economic growth plan National, ACT and NZF can create?
A speculative housing bubble?
Has Nicola Willis taken our economy to market and sold it for 3 free market magic beans?
Look.
70 000 NZers have left the country
18000 jobs destroyed in the Construction industry
30 000 jobs gone
5.2% unemployment
Workers rights attacked
Pay Parity kneecappings
Privatization by stealth and donors deregulation interests given priority over the common good
To use the technical term comrades, the Economy is rooted bro!
All this Government has now is whoring off our citizenships to the ultra rich in the hope of re-igniting the speculative housing bubble.
That’s it!
Surely you can’t hate Jacinda for saving us from a once in a century pandemic this much?
If you voted National, ACT or NZF – this abomination is all on you.
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Winston has always been like that.
Winston slick-slim-smilin-saucy-smooth-shady-suave-swaggerin-soulman-“Pimpin Pimpster Peters” sits in his pink-cadillac-pimp-mobile outside the everything-must-go-Trump-Beehive, smokin the good stuff and sipping martinis, dressed in a white cowboy suit with gold bling and a feather boa, selling off the best bits of NZ to wealthy foreigners looking for a safe second passport, such as Putin and Netanyahu, who need somewhere to hideout if things turn nasty in their homelands, because the forked tongue anti immigrant Pimpin Pimpster Peters knows that during the NZ govt term starting in 2017, he let quarter of a million new immigrants into NZ, and now he’s welcoming back the wealthy and showing them a good time, while many of his fellow kiwis can no longer afford to even buy butter, let alone mincemeat, let electricity, let alone a house.
This move by Winston is good for the country with it making NZ more appealing to very wealthy.The top end of tye market is so removed from those homes at 2 million it will make no difference to the market . We need the investment and connections these people will bring and should put out the welcome mat to attract them not obstacles.
bst
You either are fucking financially illiterate or just a fucken troll can’t distinguish the difference IMAO
Explain any down sides if you are so financially astute . This country has low productivity, low investment and the building industry is in a slump this measure will help all round.
Pray Trevor whose fault is that
I have read MANY answers to you directly, the last time you posted on this subject, that I surmise that you are shit posting at this stage, as not once have you offered a rebuttal to anything that was said to you.
Here’s one Trevor. House prices will rise making it much harder for Kiwis to get into their first home.
But you ignorantly know that already because this has happened before when wealthy foreign investors were allowed to pilfer property under a previous National government scheme. And believe me when I tell you there was no upside and it actually made it more appealing to leave NZ.
It’s dishonest to claim that the golden visa will not put upward pressure on house prices and availability.
It’s a no-brainer that new money in a limited market will increase prices, as what happened during the COVID stimulus.
Higher house prices is the last thing we need in this economy.
National is obliged to import wealthy supporters, because NZers will never become wealthy under their cursed economic fantasies.
You are wilfully ignoring recent history and economic reality Trev. Rich folks do not like to share!-and they won’t until forced to.
Neo Lib “trickle down” never happened, even IMF, OECD and World Bank have long acknowledged that. So, attracting a few more monied up arseholes will not benefit the NZ working class one little bit.
‘This move by Winston is good for the country with it making NZ more appealing to very wealthy.’
Absolutely Trevor. I expect the next announcement from the coalition as re-introduction of slavery so the homeless and unemployed can sell themselves and their children to wealthy foreigners.
Trevor your hypocrisy is appalling.
I look forward to when foreign shills like you face justice alongside your masters like twink blood drinking Peter Thiel and the sex pervert Grenell.
Where is the cost benefit analysis from the “Chunking things down”.. “I’m great with numbers” CEO guy..?
Have the weak, non-critical thinking media even asked for it?
Clearly…there isn’t one.
So, just like the Boot Camps, it’s all hit and hope stuff. ..
You can see why the overpaid, overfed, overhyped CEO concept of
running companies is a total bullshit con.
If Luxon wants houses to be more affordable where is his legislation to stop real estate agents clipping the ticket for 3.5 – 5% of the total cost of every house when selling.
Where is the toughening up on their larcenous fees, which is adding a considerable cost to the all up price of a house.
Why hasn’t a single fee charge, with a $10,000 maximum, not been brought in, and percentage commissions outlawed.
Why? ..
because Barfoot and Thompson and Bayleys Real Estate are big donators to the National Party…
Will lost Luxon’s tacky Trump like special visa card work to make houses more available and affordable for your average Kiwi…in short…nope.
Will it bring the 10’s of thousands of construction workers back to N.Z….in short…nope.
Will it boost the economy in any meaningful way…in short ..nope.
Will it make some real estate agents richer…in short..yes
Watch this for a realistic explanation of the construction sector, it should be blue enough for you to take notice of
https://youtu.be/j1m5DVUXNGE?si=jiMI_UNvh7VB6S1w
If wealthy people are desperate to live in NZ and are unable to think of easier ways to do so they obviously don’t have the sort of intellectual wealth creating abilities we need to get out of the low productivity economy we are now.
Hopefully they have strict controls on the house sales as I can see vendors selling 3 million dollar houses for 5 million with agreements to purchase thoroughbred horses, art, vehicles etc for 2 million from the buyer, multiple properties in 1 purchase or multiple other scams to circumvent the rules.
Bullshit Trevor last time this happened under the Gnats we couldn’t get enough builders to build cheaper homes and social housing as they all wanted to build the expensive home as more money to be made. So, Labour had to scale up the number of builders by investing in trade training. And due to not having enough builders the social housing projects were slow. Soon the CoC will be flogging off more of our silverware to these rich foreign buyers, selling some of our DOC land and estates that should be held in perpetuity for all of us. This is a very desperate government trying to improve our economic outlook by any means. And to make matters worse Winstone has one of his party donors on the railways board this is a man that has business interest in eleven companies now this is not best practice, its corrupt.
I concur there is also a real threat to our DOC land. The governments recent move to empower the DOC minister to be solely able to make decisions regarding land sales is further evidence.
These bastards are clever and care not for the future of Aotearoa. It’s a bad combination.
Winston is going to take a hit from a few of his tinfoil hat nut job supporters
Nah Clive – more likely the weirdos will just start imagining that their hero is playing 3D chess or something. You know, like Trump supposedly does the “weave”.
Jesus, why TF are humans so damn greedy and shortsighted.
Meanwhile, I hope you’re right, Clive. But it seems NZF is gaining popularity.
Shows he is as weak as piss just like Luxon .All talk and no action .
1994 Winston said he was going to stop the asian invasion .How did that go?
Labour opened the tap , remember that cow aunty Helen, yeah she opened it. And you all voted for it
Who determines the value of 5 mil? Is that a rateable valuation? What’s to stop someone with a property valued at over 4.5 mil listing it at 5mil? I have no idea how it works.
If it so ineffectual why is Luxon doing it? Just to placate his rich donors? That’s quite believable because he is a total tosser and would do that
Winston peters is the new Minister of Hypocrisy
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