Re:New Zealand to ban foreigners from buying existing houses
by alexasmyths on Friday October 27, 2017 @10:46AM
(#15568854)
Why not let foreigners vote?
Why not give them free healthcare?
Why not subsidize their education abroad?
Why not let foreigners pay our politicians to make legislation - the money goes to lawyers, consultants etc. i.e. right into the economy!
For the same reason we have borders, that we don't allow foreigners to buy some kinds of assets (i.e. wireless spectrum) - or do some kind of banking, own certain kinds of companies.
Why allow citizens to leave the country while we are at it. Lets just close all the borderds, never allow foreigners in, or locals out. That is the recipe for economic prosperity!
You are forgetting the foreigners have let their cash into nz. They gave it to homeowners, to construcion companies, etc. Those in turn spend it and reinvest it locally.