Re:New Zealand Passes Law to Crack Down on Foreign Home Buyers
by munificent on Wednesday August 15, 2018 @04:51PM
(#17769669)
Local's kids gotta live somewhere too.
My understanding is that skyrocketing housing prices aren't much of a benefit to anyone who doesn't own more than one home. Because you always need to live in at least one place, your economic elasticity only kicks in when the number of homes you buy and sell is greater than one.
My understanding is that skyrocketing housing prices aren't much of a benefit to anyone who doesn't own more than one home. Because you always need to live in at least one place, your economic elasticity only kicks in when the number of homes you buy and sell is greater than one.