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by Cyril_HN
1782 days ago
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I believe something like a million kiwis live abroad. It strikes me that one mechanism is: - Kiwis live and work abroad, sometimes earning much more than they would in NZ. - Those kiwis buy houses. And with the pandemic: - More of those kiwis have decided to buy houses in NZ, because it has been very successful at keeping covid and restrictions minimal so far. |
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For context, New Zealand has 4.9 million people (almost exactly one half that of Los Angeles County). Imagine 60 million Americans living abroad, rather than the actual about 9 million.