I don't think its quite as simple as that Mike. Yes, our Health sector, for example, badly needs imported skills and labour, but NZ is not the Utopia it once was. Cost of living, law and order issues, the prospect of racial violence , an unstable political environment where subsequent govts keep changing the rules, etc etc. It appears that no one wants to come here at the moment except low skilled people from third world countries and their grandparents! We are one of the few counties in the world where anyone can wander in and buy land (and freehold housing) we've got unsightly 'Leggo' houses being built but the thousand but Kiwis don't really want them - only low wage immigrants. What we have done over the past 7 years in particular, is diminish the value of the New Zealand brand!
it about about what has happend in the last 7 years, it is what 38 years of 'for profit at least cost' neoliberal economics, nimbyism and can kicking governance with its 3 yearly, cheap, quick fix think and planning has done to the country.
NZ has lost it's fizz because we are all obsessed about spending money (i.e. buying a house) and are not at all concerned about generating the money to buy a house. We have put cart before horse and wonder why we only go backwards . . . the horse can only pull and you can only buy what you can pay for
Mike Yuan Hosking logic. If the NZ National party make every house $2M and above available for foreign ownership. Then foreign wealth will only buy the $13M houses. With housing inflation median house prices will reach $2M in less than ten years. Then almost every NZ'er will be competing with the most productive nation on earth, for a home/land in the country they live, work and vote in. 'We aren't as open as we could be'. New Zealanders will be defeated by foreign wealth at most house auctions. Which is what happened during the 9 consecutive years Sir John Key actively concealed the levels of foreign money, primarily from the most productive nation on earth, outbidding NZ residents for a home. And Mike and John called NZ'ers 'racist xenophobes' for asking for an offical count of how many houses were being sold to overseas buyers. 'It's investment, it's brain power, it's heft and labour'. Mike makes it seem like buying a house in NZ means you are going to live in it and be a boost to the nation. The reality is renting citizens, houses and land get sold to the superior buying power of people from the most productive nation on earth who do not live in them. Just rent them back to NZ'ers. It is called being taken over by overseas power. I am deeply ashamed that British NZ men like Chris Luxon, John Key and Mike Hosking would promote the selling of NZ residential housing to overseas investors instead of NZ residents and tell us it is for our benefit. Sell outs. 'Tax relief' for the 'squeezed middle' The NZ National party are funded by and represent the expansionist interests of the most productive nation on earth and their longtime spokesman Mike Hosking is on the pay roll. We need NZ houses for NZ'ers. We need to balance trade for imports by being productive. Not swapping land and renting citizens for imports. Change your ways Mike.
None NZ passport holders or residents should be unable to own housing in NZ, but you’ve forgotten that the housing boom was triggered by labour offering millionaires initially from Hong Kong passport’s if they invested so many million in NZ. Instead of starting business they invested in property.
Mike...there are fewer people than ever that can afford a so called affordable house sic.... at 1.2 million Our wages are falling behind badly and costs for everything is going through the roof, rates, electricity, rent, FOOD, petrol, insurance costs, public transport....you name it. We are quickly becoming a low wage economy with huge prices, as a result many of our best are heading to Aussie in droves....people are struggling to put food on the table let alone buy a million dollar house.
Welcome to 38 years of 'for profit at least cost' neoliberal economics, nimbyism and can kicking governance with its 3 yearly, cheap, quick fix think and planning,
I agree with Mike on this one. After 38 years of 'for profit at least cost' neoliberal economics, nimbyism and can kicking governance with its 3 yearly, cheap, quick fix think and planning, it is time to think seriously where this country is going and its role in regards to self sufficiently and what to with global geopolitical and planet warming refugees, remembering this country can only support 20 million people.
Nice jacket Mike...l think there has to be a limit to how generous we need to be to overseas buyers ... .yes we need the money ... we do not want NZ to be owned by everyone else but us....there has to be a limit ..
I don’t know why foreign buyers of houses keep coming up. Foreigners of many different countries have been buying nz houses for decades in different degrees. If you want to talk greed in a particular country foreign buyer that ACTUALLY moved nz house prices it would be the Chinese around 2015. Everyone knows this and they hit a few cities around the world and made prices change. But talking as if that could be repeated is utter rubbish. Around 2012 the world was just out of the GFC and house prices were very low then and interest rates were very low. China was is a completely different position back then to now. Shadow banking even looks like it’s about to explode. But the main bug is the Chinese government wasn’t happy with it people investing so much outside its country and put a stop to it in 2017. Thats why when the labour government put a foreign buyers ban in in 2018 it made little difference. The Chinese government pretty much killed it. Hong Kong had a little blast of large foreign buyers when it had all that trouble but the Chinese government soon squashed that too. Even countries with no foreign ban and only small taxes hasn’t seen any needles move for years. Any nzers hoping for a repeat of 2015 /16 might want to think another plan to make money
Then what, be serfs to the rich in their gated 'safe' dwellings as they escape to this country from increasing global geopolitical and weather related crises.
I don’t know why foreign buyers of houses keep coming up. Foreigners of many different countries have been buying nz houses for decades in different degrees. If you want to talk greed in a particular country foreign buyer that ACTUALLY moved nz house prices it would be the Chinese around 2015. Everyone knows this and they hit a few cities around the world and made prices change. But talking as if that could be repeated is utter rubbish. Around 2012 the world was just out of the GFC and house prices were very low then and interest rates were very low. China was is a completely different position back then to now. Shadow banking even looks like it’s about to explode. But the main bug is the Chinese government wasn’t happy with it people investing so much outside its country and put a stop to it in 2017. Thats why when the labour government put a foreign buyers ban in in 2018 it made little difference. The Chinese government pretty much killed it. Hong Kong had a little blast of large foreign buyers when it had all that trouble but the Chinese government soon squashed that too. Even countries with no foreign ban and only small taxes hasn’t seen any needles move for years. Any nzers hoping for a repeat of 2015 /16 might want to think another plan to make money
I don't think its quite as simple as that Mike. Yes, our Health sector, for example, badly needs imported skills and labour, but NZ is not the Utopia it once was. Cost of living, law and order issues, the prospect of racial violence , an unstable political environment where subsequent govts keep changing the rules, etc etc. It appears that no one wants to come here at the moment except low skilled people from third world countries and their grandparents! We are one of the few counties in the world where anyone can wander in and buy land (and freehold housing) we've got unsightly 'Leggo' houses being built but the thousand but Kiwis don't really want them - only low wage immigrants. What we have done over the past 7 years in particular, is diminish the value of the New Zealand brand!
it about about what has happend in the last 7 years, it is what 38 years of 'for profit at least cost' neoliberal economics, nimbyism and can kicking governance with its 3 yearly, cheap, quick fix think and planning has done to the country.
NZ has lost it's fizz because we are all obsessed about spending money (i.e. buying a house) and are not at all concerned about generating the money to buy a house. We have put cart before horse and wonder why we only go backwards . . . the horse can only pull and you can only buy what you can pay for
Mike Yuan Hosking logic. If the NZ National party make every house $2M and above available for foreign ownership. Then foreign wealth will only buy the $13M houses.
With housing inflation median house prices will reach $2M in less than ten years. Then almost every NZ'er will be competing with the most productive nation on earth, for a home/land in the country they live, work and vote in. 'We aren't as open as we could be'. New Zealanders will be defeated by foreign wealth at most house auctions. Which is what happened during the 9 consecutive years Sir John Key actively concealed the levels of foreign money, primarily from the most productive nation on earth, outbidding NZ residents for a home. And Mike and John called NZ'ers 'racist xenophobes' for asking for an offical count of how many houses were being sold to overseas buyers.
'It's investment, it's brain power, it's heft and labour'.
Mike makes it seem like buying a house in NZ means you are going to live in it and be a boost to the nation. The reality is renting citizens, houses and land get sold to the superior buying power of people from the most productive nation on earth who do not live in them. Just rent them back to NZ'ers.
It is called being taken over by overseas power. I am deeply ashamed that British NZ men like Chris Luxon, John Key and Mike Hosking would promote the selling of NZ residential housing to overseas investors instead of NZ residents and tell us it is for our benefit. Sell outs.
'Tax relief' for the 'squeezed middle'
The NZ National party are funded by and represent the expansionist interests of the most productive nation on earth and their longtime spokesman Mike Hosking is on the pay roll.
We need NZ houses for NZ'ers. We need to balance trade for imports by being productive. Not swapping land and renting citizens for imports.
Change your ways Mike.
Well said
None NZ passport holders or residents should be unable to own housing in NZ, but you’ve forgotten that the housing boom was triggered by labour offering millionaires initially from Hong Kong passport’s if they invested so many million in NZ. Instead of starting business they invested in property.
Mike...there are fewer people than ever that can afford a so called affordable house sic.... at 1.2 million
Our wages are falling behind badly and costs for everything is going through the roof, rates, electricity, rent, FOOD, petrol, insurance costs, public transport....you name it.
We are quickly becoming a low wage economy with huge prices, as a result many of our best are heading to Aussie in droves....people are struggling to put food on the table let alone buy a million dollar house.
Aussie is better..but not by much.
Blackrock
Welcome to 38 years of 'for profit at least cost' neoliberal economics, nimbyism and can kicking governance with its 3 yearly, cheap, quick fix think and planning,
Who are the people buying houses in Tara Iti mangawhai
Lot 4 is a 100,000000 build
Don’t think that’s kiwi owned
So much then for National Party's idea to raise 2 billion dollars by taxing high end housing. Well thought out economic policy wasn't it.
I agree with Mike on this one. After 38 years of 'for profit at least cost' neoliberal economics, nimbyism and can kicking governance with its 3 yearly, cheap, quick fix think and planning, it is time to think seriously where this country is going and its role in regards to self sufficiently and what to with global geopolitical and planet warming refugees, remembering this country can only support 20 million people.
$10m-$20m houses will sell, in time. Just a matter of market clearing. They may be $5m houses at that point, but they will sell.
Nice jacket Mike...l think there has to be a limit to how generous we need to be to overseas buyers ... .yes we need the money ... we do not want NZ to be owned by everyone else but us....there has to be a limit ..
I don’t know why foreign buyers of houses keep coming up. Foreigners of many different countries have been buying nz houses for decades in different degrees. If you want to talk greed in a particular country foreign buyer that ACTUALLY moved nz house prices it would be the Chinese around 2015. Everyone knows this and they hit a few cities around the world and made prices change. But talking as if that could be repeated is utter rubbish. Around 2012 the world was just out of the GFC and house prices were very low then and interest rates were very low. China was is a completely different position back then to now. Shadow banking even looks like it’s about to explode. But the main bug is the Chinese government wasn’t happy with it people investing so much outside its country and put a stop to it in 2017. Thats why when the labour government put a foreign buyers ban in in 2018 it made little difference. The Chinese government pretty much killed it. Hong Kong had a little blast of large foreign buyers when it had all that trouble but the Chinese government soon squashed that too. Even countries with no foreign ban and only small taxes hasn’t seen any needles move for years. Any nzers hoping for a repeat of 2015 /16 might want to think another plan to make money
Do you want Gates and Oprah here
They probably already have their 'house's' here mots like in Queenstown or Wanaka.
Very good points. Let's open up nz. All of it. Money makes the world go round.
If we open up NZ it only pushes the prices of homes up to the point kiwis can't afford homes in our own country
Then what, be serfs to the rich in their gated 'safe' dwellings as they escape to this country from increasing global geopolitical and weather related crises.
I don’t know why foreign buyers of houses keep coming up. Foreigners of many different countries have been buying nz houses for decades in different degrees. If you want to talk greed in a particular country foreign buyer that ACTUALLY moved nz house prices it would be the Chinese around 2015. Everyone knows this and they hit a few cities around the world and made prices change. But talking as if that could be repeated is utter rubbish. Around 2012 the world was just out of the GFC and house prices were very low then and interest rates were very low. China was is a completely different position back then to now. Shadow banking even looks like it’s about to explode. But the main bug is the Chinese government wasn’t happy with it people investing so much outside its country and put a stop to it in 2017. Thats why when the labour government put a foreign buyers ban in in 2018 it made little difference. The Chinese government pretty much killed it. Hong Kong had a little blast of large foreign buyers when it had all that trouble but the Chinese government soon squashed that too. Even countries with no foreign ban and only small taxes hasn’t seen any needles move for years. Any nzers hoping for a repeat of 2015 /16 might want to think another plan to make money