How will allowing foreign millionaires buy $5 million mansions going to help Kiwis other than Luxon?
If the Government’s economic recovery plan hinges on attracting offshore wealth into an already overheated housing market, then the question isn’t whether this will help Kiwis — it’s whether it signals a deeper shift toward an economy that prioritises asset inflation over real productivity, wages and long-term stability.
As the Government moves to allow wealthy foreign buyers back into New Zealand’s housing market at the top end, critics are questioning whether the policy will benefit ordinary Kiwis — or simply inflate prices and reward those already at the top.
Golden visa policy reopens door to foreign buyers
Golden visa holders go house hunting
A Korean citizen this week became the first foreign investor to seek sign-off to buy a $5 million plus house in Auckland. So who are our golden visa immigrants? And should residency be for sale?
The Press
How will allowing foreign millionaires buy $5 million mansions going to help Kiwis other than Luxon?
Selling access to housing amid economic strain
How bad has shit gotten that all National have left is selling our public assets to cover up the disaster of their austerity program?
Austerity, job losses and economic fallout
They have underfunded public services while borrowing billions for tax cuts, landlord tax loopholes, gas and oil subsidies, tobacco subsidies and Michelin Star programs.
Their decision to destroy Labour’s infrastructure pipeline has had a cascade effect throughout the economy that has seen 220,000 flee the country and the destruction of 30,000 jobs in the construction sector.
National’s response to this is mass importation of cheaper labour from exploited migrant workers while allowing multi-millionaires to buy $5 million mansions!
Who actually benefits from $5million foreign home sales?
Luxon has two houses worth $7 million each, he’s already sold two houses and personally profited after changing the capital gains tax rates on them, tell me he won’t benefit from this new rule that allows foreigners to buy mansions worth more than $5 million?
This is a Government for Rich Pricks, by Rich Pricks and in the interests of Rich Pricks.
They a government only in name…just a clueless bunch who bought their way into power on the back of muktimilliaires and billionaires money.
How the CEO sycophant, Fran O’sullivan, and her ilk, who promoted Luxon to the hilt, because he was supposedly a ‘business’ guy and therefore, would, supposedly, in her tiny narrow mind, be able to run a country, can still show her face in the media, beggars belief …the we know best hubristic arrogance is there for all to
see.
These people should just go away and live in the outback of Texas …where ever…but go away and leave us alone…the damage that they have caused is considerable and lasting!
There appears to be no end to this corrupt, devious CoC-up lot who have meddled / interferred in areas in which they have no idea or expertise and are stuffing up everything they touch – the list is endless. Can’t we put a hold on what they can do leading up to the next election? Please stop them now. They have “crashed” our economy but still want to gormlessly inflict as much damage as they can. What can’t the ‘thick’ RW voters not comprehend, or are they so smug and comfortable they don’t care? Well lack of fuel, selling our land along with our souls, and bringing in countless dumb policies, will affect us all, including them! Willis is looking gaunt and so she should. Her spite has helped destroy our country – thanks airhead, you are now reaping what you have sown.