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A comment on Locked-out New Zealanders outraged as visa scheme for rich foreigners resumes. Parent comment

Re:Locked-out New Zealanders outraged as visa scheme for ric... by q1w2 on Saturday December 25, 2021 @07:12PM (#29688355)
Higher asset prices makes building property more profitable. It incentivizes more construction.

This is how the free market works, in general. When prices go up, it incentivizes asset creators create more. This is one of the down-sides of zoning limitations - they do not let the market provide more for the additional demand.

...and a simple Google search confirms that NZ has been experiencing a construction boom.

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Re:Locked-out New Zealanders outraged as visa scheme for ric... by tjpnz on Saturday December 25, 2021 @10:24PM (#29689385)
>...and a simple Google search confirms that NZ has been experiencing a construction boom.

The kind of houses which locals are priced out of due to low wage economy. Certainly good for wealthy immigrants and cashed up Kiwis returning from overseas though.

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Re:Locked-out New Zealanders outraged as visa scheme for ric... by dzhiurgis on Saturday December 25, 2021 @07:56PM (#29688605)
Real estate is far from free market. Tons of regulation effectively makes it regulatory capture.
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