Re:New Zealand to ban foreigners from buying existing houses
by havetocharge on Thursday October 26, 2017 @09:18PM
(#15564807)
Did you read the statement you're replying to? The problem is not lack of land, but the way the land is utilised. This isn't unique to New Zealand either, Canada has done the same, rewarding established people who lived there for a long time and punishing newcomers, young, or otherwise not so well established.
Re:New Zealand to ban foreigners from buying existing houses
by IncRnd on Thursday October 26, 2017 @09:41PM
(#15564936)
> Did you read the statement you're replying to? The problem is not lack of land, but the way the land is utilised.
Yes, I did read the comment I replied to. I asked how supply would be increased, because I want to know how he would do that. Hence, why I asked him what he would propose.
You didn't answer the question either, simply restating dissatisfaction with how people live. So, what would _you_ do to increase supply instead of decreasing demand?
Re:New Zealand to ban foreigners from buying existing houses
by bobsman123 on Thursday October 26, 2017 @09:16PM
(#15564799)
Rezone to allow for more apartments and larger houses. It’s pretty simple.
Re:New Zealand to ban foreigners from buying existing houses
by IncRnd on Thursday October 26, 2017 @09:46PM
(#15564963)
Now we are getting to the actual discussion. Of couse, land can be rezoned, but _why_ do that? Why is it a 'better' solution to increase supply through effectively removing people from their homes instead of decreasing demand through denying purchase of homes?
Re:New Zealand to ban foreigners from buying existing houses
by wbl on Thursday October 26, 2017 @10:22PM
(#15565174)
You can outlaw making homes, but if you don't outlaw making babies, where will the people live?
Re:New Zealand to ban foreigners from buying existing houses
by IncRnd on Friday October 27, 2017 @04:35PM
(#15572011)
Where do they live now?
P.S. Nobody is outlawing the making of homes. That's false hyperbole on your part.
Re:New Zealand to ban foreigners from buying existing houses
by wbl on Friday October 27, 2017 @08:31PM
(#15573352)
What do you think bans on duplexes, apartment buildings, and row houses do in a city?
Re:New Zealand to ban foreigners from buying existing houses
by IncRnd on Saturday October 28, 2017 @10:47AM
(#15575290)
> What do you think bans on duplexes, apartment buildings, and row houses do in a city?
What point are you trying to make? The article doesn't talk about people being banned from building houses but about a ban on foreigners purchasing homes.
This is an economic solution. They chose to lower demand to keep prices down. If you would do something differently, say raise supply to keep prices down, how would you do that? Would you make more land? What would happen to people who you rezoned out of their houses?