[Workaccount2]

Thank you

So tired of people talking about the housing crisis as if megacorp is the one buying all the houses to drive up prices. Yes, commenter, they do buy homes, but by far the single biggest player is regular people. They both are getting rich of the system and voting to keep it in place.

Even worse though...houses are still being sold at these insane prices. There are still fresh dual income high earning non immigrant non billionairs childs non megacorp investor regular people still coming up with the money.

I don't know whats worse, never being able to afford a house or seeing people you know (or thought you knew) somehow getting into one. And then voting down any build out initiative that would weaken their investment.

[wordofx]

NZ did too little too late. There’s a bunch of Chinese who bought a lot… a LOT of houses in NZ. It’s one way of transferring money out of China is to use it for business. And they don’t need to leave China to do it. That was stopped but too late when they own 100s of houses.