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This. We also have large numbers of Chinese coming over and buying houses because it's a safe store of value... something the Chinese government can't just take
by RantyDave 10y ago
This. We also have large numbers of Chinese coming over and buying houses because it's a safe store of value... something the Chinese government can't just take one day.
- doubleunplussed 10y agoOh wow. This is happening in Australia, but with no capital gains tax it must be worse in NZ. I'm so sick of it. Houses should be for living in, goddamn it. Not for storing your cash out of reach of a corrupt government, as necessary a thing as that is.
- mistermann 10y agoDoes the government in Australia also insist that it is only a tiny portion of sales, while refusing to actually gather data showing what the reality is?