A local bus-stop shelter was recently spray-painted with "Aoteoroa is not for sale." The tagging was a response to the Crafar Farm deal. In a similar vein last week, there were calls from NZ First and The Greens (unlikely bedmates) for the government to 'do something' about house sales to foreigners, in particular, Asians. Foreign investors, they say, are locking New Zealanders out of the housing market with their preparedness to pay good money for property. It's not fair, they say. It's not looking after our own first.
For every buyer of a house, there's a seller. Before asking politicians to regulate against freedom to purchase property, owners should think about what that means for them.