With so much controversial legislation rammed through Parliament by abusing Urgency, new laws allowing rich prick foreign property speculators to buy $5million dollar mansions has been rammed through with barely any scrutiny…
What changes to New Zealand’s foreign buyers real estate ban will mean
Explainer – In a flurry of last-minute activity before the holidays, Parliament has approved changes to the foreign buyers ban that has been in place for the last seven years.
The changes will allow “golden visa” investors to purchase a home in New Zealand – but there’s a catch. They’ve got to spend at least $5 million on buying or building a home, as well as committing to other contributions to the economy.
…The last time this Government changed bright-line rules on property, the Prime Minister sold two of his properties, made $500 000 untaxed and obscenely escaped $70 000 worth of tax from a law he changed!
The Prime Minister has two properties that are both worth $7million each.
Look me in the eyes and tell me the Prime Minister won’t abuse the rule changes again and sell one of those houses off to a foreign multimillionaire?
LOOK ME IN THE EYES AND TELL ME A NZ PM WILL NOT CHANGE A LAW AND PERSONALLY PROFIT FROM THAT LAW CHANGE?
Tell me our Prime Minister is not that venal.
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The real danger is that Prime Minister Luxon will be able to sell his two $7m properties for $10m each. John Key made similarly felicitous property sales. Think about the implications of that one.
Of course he will benefit why do you think he changed the bright line test .He has probably ticked up another couple of houses with the proceeds of the ones he sold last year because he knew he was going to ram through the changes and probably has some sucker lined up to pay him 5 million on top of what he paid .
Luxon will do everything in his power to benefit being the self proclaimed entitled individual he is.