National have now admitted they will remove the foreign buyers ban, their true venal values are exposed. After receiving millions in donations from the Real Estate Pimps , National will allow foreign millionaires to speculate in NZs domestic market. Once done, we will never be able to ban foreign speculators again. There are already huge questions over National’s plan with many saying it will never generate the revenue National are claiming. National (who receive millions in donations from Real Estate Pimps) have done exactly what I argued they would do, remove the foreign buyers ban to generate external demand for the housing market which means the Real Estate Pimps win while first time home buyers here in NZ lose out in a market already fundamentally distorted.

Source: New Zealand Herald September 06, 2023 23:25 UTC