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I really doubt it's foreign buyers driving up housing prices anywhere in the US… Let alone in New Zealand.
by donatj 9y ago
I really doubt it's foreign buyers driving up housing prices anywhere in the US… Let alone in New Zealand.
- vacri 9y agoThere are multiple factors driving up housing prices in New Zealand (and Australia as well), and foreign buyers are a significant contributer (just not the sole cause). Keep in mind that there are single cities in China where the population matches the entirety of Australia, and is five times that of New Zealand. There's a lot of cash floating around our budding new superpower, so...
- colordrops 9y agoThen you are unaware of actual statistics in Los Angeles. Chinese money alone accounts for 10s of billions of dollars.