As Houses Are Primarily A ‘shelter’

If I’m fudging the background to the ‘Chinese-sounding titles’, you may actually legitimizing it on the lands that Labor needed to collect information regarding international investment in NZ local property. I disagree. The only genuine way to gather such data is by collecting residency information of the purchaser at the point of sale. Additionally, you don’t need to gather such data to justify an international buyer’s ban of residential property, as part of a ‘solution’ to the casing crisis.

As homes are primarily a ‘shelter’, and core element of healthy living, there is absolutely no fundamental need to own property in a country where you do not reside. Only allowing residents of a country to buy property for the reason that country is perfectly fair – which many countries do. In regards to ‘Chinese-sounding names’, In a multi-cultural city such as Auckland, the idea that you can infer foreign possession predicated on a surname is absurd.

It also masks a dodgy assumption that someone with a ‘Chinese-sounding name’ is much more likely to be international than resident. How do you think kiwi with Asian lineage/surnames recognized this? Do you think they were pretty much more likely to experience prejudicial attitudes/behaviors consequently of Labor’s linking of ‘Asian’ surnames with the housing turmoil?

  • No Criminal Convictions for just about any of our Owners in any Country
  • Not re-investing dividends (That is personal preference, not just a mistake)
  • Liability insurance
  • The future value of a single amount
  • Empty and defrost the refrigerator, departing the entranceway ajar and the machine unplugged
  • Usernames and passwords for log in to machines and workstations
  • Balance-sheet structure, liquidity needs, and interest risk

And what do Labor and National both avoid addressing by attributing the housing crisis to foreign investment, or ‘supply and demand’ imbalances? According to the 2017 register of pecuniary passions, 76 of our (then) MP’s kept a pastime in two or more properties, indicating that the property is really as much about personal enrichment to them.

I have no interest in the property myself, yet I have ‘regular, ordinary mates who own multiple properties – who got in at the opportune time. From a solely financial perspective the damaged taxes system grossly incentives property investment over investments that actually contribute to the overall economy (small businesses, savings etc).

This (in my opinion) is the major drivers of the housing turmoil. In light of the obvious contributor, linking ‘Chinese-sounding names’ to casing affordability is nothing other than obviously overt racism. Twyford should have resigned or been fired immediately, no sanction occurred which shows what’s appropriate for Labor yet. 650k – another slap in the face for those locked out of the housing. Personally, I am not just a lover of the Nats – do not have been. As another commentator here has observed: Labor left me a long time ago, not the other way round.

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