Sunday, July 28, 2013

Labour wants to tell us who we can and can't sell our property to

Labour has announced it will ban foreigners from buying houses.

What a racist, anti-global, anti-freedom joke. What a retrograde step for New Zealand's reputation as a desirable destination for immigrants.

And if I can't sell my property to the highest bidder, regardless of their skin colour or country of birth, that amounts to a confiscation of wealth.

It's a nasty small-minded policy that makes Labour look desperate. Shearer is under siege from his own party and consequently we're getting siege-mentality policies.


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6 comments:

  1. Odakyu-sen4:50 PM

    This comment has been removed by the author.

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  2. Odakyu-sen7:38 PM

    Xenophobic for sure, but not necessarily racist. Most Kiwis are "New Zealand Europeans" but Europeans are foreigners.

    "And if I can't sell my property to the highest bidder, regardless of their skin colour or country of birth, that amounts to a confiscation of wealth." Yes, it does. However, perhaps others will end up paying a price in order for you to get the highest possible return.

    On one hand, I am happy because I can sell my flat for way more than I paid for it (even in inflation-adjusted $), but at the same time I wonder how a young Kiwi couple can afford to buy their first home. Is it right for me to enrich myself at the expense of the future generation of NZer's?

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  3. Anonymous11:36 PM

    Good move from Labour.
    Far too many first home buyers are being locked out of a crazy market. Don't be so smug and greedy, Lindsay, you wealth creation is at the expense of others, it seems.
    Is it only okay for you to own a home. Typical, greedy right wing.

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  4. Anonymous7:22 AM

    The figure quoted for foreign buyers nationally is about 5% or so. That sound minimal but I gather the problem is not really a national one. What's the % of foreign buyers in Auckland?

    3:16

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  5. Baxter2:38 PM

    Commercial Law expert Steven Franks blogs that the policy breaches several articles of the FTA with China, and probably Malaysia as well.

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  6. thor429:57 PM

    I agree, Lindsay.

    WhaleOil has blogged that the numbers don't stack up for this policy anyway, so it's completely unworkable.
    Not only that, but you can bet that there will be *dozens* of loopholes.

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