New Zealand bans sales of homes to foreigners

[s0me0nesmind1]

Fun fact: the Chinese government strictly limits monetary transfers outside the country, currently ranging from about USD $15k to $50k per person per year depending on the transaction type. Because of this, Chinese citizens looking to invest internationally have to be very creative (and very cautious) about how they get their money out of China.
While you guys are worried about Chinese investors buying US property, the Chinese government is very worried about how their country is bleeding cash.

Boy oh boy - that sure sounds very much like protectionism...

Seems like they don't like the fact that they are no longer the cheap labor source and their citizens are turning to be more global. Translation: We love globalism and free trade - It is essential for the world! (except when people start investing in other places instead of us).

 

[Moonbeam]

While I would be in favor of a non-resident tax, banning foreigners from buying property is a dumb idea.

Mostly cities like San Francisco are desperately trying to find any excuse as to why their housing is so expensive other than their choice to oppose building almost any new housing.

Yup, the problem in the bay area is too many cemeteries. We need to get the stiffs off our land and built into the sky. A bad enough earthquake and we'll have coffins erupting from the earth all over the place. Think of the children. We can containerize the old while we are at it and ship them to China if they are like the walking dead occupying our land courtesy of prop 13. The individual doesn't matter; what matters is the state. If you're young you can vote yourself a new house. There's no such thing as a home. A house is just a place you live till you die. It doesn't matter where. Only apes defend one tree over another. Pretend you can worship any ideology you can imagine divorced from the soul of men. There is no such thing as human nature.

 

[Moonbeam]

Boy oh boy - that sure sounds very much like protectionism...

Seems like they don't like the fact that they are no longer the cheap labor source and their citizens are turning to be more global. Translation: We love globalism and free trade - It is essential for the world! (except when people start investing in other places instead of us).

People are selfish. The way to cure selfishness isn't with morality dependent on the threat of legal reprisal, fear of punishment, but enlightened self realization as to where selfishness leads and an inner moral commitment to aim for something better. That is what a liberal education brings, that is the aim and goal of wisdom, to rise about self interest, to have real moral character. Imposing immigration of people who want to assimilate you rather than be assimilated with both sides too ignorant to see the problem with that, leads to resentment and a tribal reaction. Liberalism can't be forced and liberals who try to force it are not actually liberals, they are authoritarians filled with fear of the other. To be a liberal is to love truth for truth's sake and not to demand that others do the same. Every real liberal is a liberal because of exposure somewhere in life, to people of outstanding character who inspired emulation. Set an example if you want to change the world.

 

[Hayabusa Rider]

Keep the riff raff like us out.

 

[sactoking]

What do the conservatives who hate foreigners have against capitalism?

 

[fskimospy]

Yup, the problem in the bay area is too many cemeteries. We need to get the stiffs off our land and built into the sky. A bad enough earthquake and we'll have coffins erupting from the earth all over the place. Think of the children. We can containerize the old while we are at it and ship them to China if they are like the walking dead occupying our land courtesy of prop 13. The individual doesn't matter; what matters is the state. If you're young you can vote yourself a new house. There's no such thing as a home. A house is just a place you live till you die. It doesn't matter where. Only apes defend one tree over another. Pretend you can worship any ideology you can imagine divorced from the soul of men. There is no such thing as human nature.

Meh, as I've always said you're welcome to your opinion you should just know that you're inflicting enormous misery on other people in order to prop up your idea that your neighborhood should be frozen in amber in the exact density it was when you moved there.

It's pure selfishness and I'm sorry to see it coming from someone who I view otherwise as very considerate. You're hurting people and deep down inside I think you know it.

 

[soulcougher73]

Meh, as I've always said you're welcome to your opinion you should just know that you're inflicting enormous misery on other people in order to prop up your idea that your neighborhood should be frozen in amber in the exact density it was when you moved there.

It's pure selfishness and I'm sorry to see it coming from someone who I view otherwise as very considerate. You're hurting people and deep down inside I think you know it.

I think regarding prop 13 both sides of the argument would be hurting people and can be seen as selfish in some fashion. I can understand where both sides are coming from and i view both sides as somewhat valid. So overall i dont really have a side ive taken on it.

 

[quikah]

wut? NIMBYism is certainly part of the problem, as are foreign investors.

Sometimes its both. In SoCal, someone brought Chinese investors by the bus load to protest building a homeless shelter near one of the communities that a lot of them are drawn to.

http://www.latimes.com/local/lanow/la-me-homeless-asians-20180401-story.html?outputType=amp

Let that sink in. Rich immigrants fighting social services for American homeless. Looks like they learned how to navigate our culture very quickly.

Immigrants that live and work in the area have every right to try to make their voices heard as anyone else.

 

[Starbuck1975]

Immigrants that live and work in the area have every right to try to make their voices heard as anyone else.

Yes they have every right to be NIMBYists just like other wealthy Americans

 

[thilanliyan]

Ontario just relaxed their rules for foreign buyers once Dougie became premier

Really? I thought it was talked about but not implemented yet.

 

[KMFJD]

Really? I thought it was talked about but not implemented yet.

I was under the impression that he had done so, however i can't find anything other than a pre-campaign promise to do so , looks like they haven't done it yet

 

[thilanliyan]

I was under the impression that he had done so, however i can't find anything other than a pre-campaign promise to do so , looks like they haven't done it yet

Yeah, I REALLY hope they don't do that. We don't need another bubble!

 

[KMFJD]

Yeah, I REALLY hope they don't do that. We don't need another bubble!

Unfortunately i only see Dougie thinking about the now and never about the future so i assume it's going away.