Gabe Newell applies for NZ residency

Re:Gabe Newell applies for NZ residency by zdkl on Tuesday October 20, 2020 @04:45AM (#24835156)

Not from NZ, but consider this: do you want to San Francisco-ize (multiply living costs, entrench a landlord caste & create weird incentives for local politics) the place? Because lots of foreign money simply walking into a heretofore sedate local real estate and business ecosystem is how you do that. Cf. Toronto, SF, Paris, London, Munich &c

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Re:Gabe Newell applies for NZ residency by mkl on Tuesday October 20, 2020 @05:10AM (#24835298)

> Not from NZ [...] sedate local real estate

Clearly! House prices here are very high already. See e.g. https://www.newshub.co.nz/home/money/2017/03/new-zealand-hou..., https://www.stuff.co.nz/business/money/83750475/nz-tops-imfs...

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Re:Gabe Newell applies for NZ residency by Open-Sourcery on Tuesday October 20, 2020 @06:10AM (#24835665)

And I am a little hopeful (but doubtful) that might be starting to change. Massive numbers of houses have been consented to be built (especially in the last few years). But just building more probably won't be a permanent solution.

https://www.stats.govt.nz/topics/housing https://www.hud.govt.nz/news-and-resources/statistics-and-re... https://www.imf.org/external/research/housing/index.htm

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Re:Gabe Newell applies for NZ residency by sorenbouma on Tuesday October 20, 2020 @05:32AM (#24835410)

Auckland already has one of the highest house price:median income ratios in the world.

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