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Thread: new zealand to ban foreign home buyers

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  1. #1

    Re: new zealand to ban foreign home buyers

    Quote Originally Posted by Mambo View Post
    If people are ok to live in council owned rented accommodation , then that's fine by me as well - I dont care. But the problem comes when for example you have a 3 bed house for a family, the family live there for 18 odd years - the kids move out. The council then want that house for another family - but the parents wont move out - what happens then - are you ok for that house to be under occupied ? while another family is waiting ?
    What's the difference between council properties and the private sector? If people meet their rental obligations why can't they stay in the same property? The incentive to downsize would be in paying cheaper rents.

    Quote Originally Posted by Mambo View Post
    After 20 odd years of paying rent - that same family could have been paying off a mortgage and would have an asset to show for it but instead they have nothing.
    If people want to buy a home they can move into the private sector.

  2. #2

    Re: new zealand to ban foreign home buyers

    Duplicate post

  3. #3

    Re: new zealand to ban foreign home buyers

    Quote Originally Posted by Mambo View Post
    The difference is 'need', you get house blocking. A family 3 kids get a 4 bed house. 18 years later, the kids have moved out - just mum and dad in the house. Meanwhile there is a new family of 4 waiting for a house - the council need to use the house to safely house the new family. Mum and Dad can move to a smaller council property.
    Build more council houses, and the smart people will downsize for the cheaper rents when their kids leave home. Problem solved! Only the idiots will be paying for the extra 3 rooms that they don't use

  4. #4

    Re: new zealand to ban foreign home buyers

    Quote Originally Posted by Wales-Bales View Post
    Build more council houses, and the smart people will downsize for the cheaper rents when their kids leave home. Problem solved! Only the idiots will be paying for the extra 3 rooms that they don't use
    Remember the bedroom tax to force people into this situation ?

    Some people like the extra space so they can have the family to stay.

    Luckily I own my own 5 bedroom house so can do what I like.

  5. #5

    Re: new zealand to ban foreign home buyers

    Quote Originally Posted by BlueWales View Post
    Remember the bedroom tax to force people into this situation ?

    Some people like the extra space so they can have the family to stay.

    Luckily I own my own 5 bedroom house so can do what I like.
    Maybe one spare room is fair, and then hike the rent for two?

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