Re:New Zealand to ban foreigners from buying existing houses
by eecc on Friday October 27, 2017 @02:04AM
(#15566071)
Ehm, no immigrating individual ever buys property before having actually immigrated. Unless you’re obscenely wealthy, normals usually immigrate and get ripped off renting a couple years. In the meantime they stabilize, build enough credit data to get a mortgage, explore and learn where they want to setup permanently and then - finally - buy.
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Re:New Zealand to ban foreigners from buying existing houses
by rorykoehler on Friday October 27, 2017 @03:46AM
(#15566445)
Sure they do. If you plan to move somewhere in 3 years and the property market is too expensive where you currently live it's cheaper and makes more sense to rent now and buy where you plan to move (especially since you can't afford local prices in any case).