> What are the benefits to a city and its local inhabitants of a foreigner buying an existing residential home that it will not inhabit? What are the benefits

> What are the benefits to a city and its local inhabitants of a foreigner buying an existing residential home that it will not inhabit? What are the benefits of exporting any work whatsoever? > Why would foreigners invest in the construction of new rental homes or apartment buildings if the rental price wasn't high enough to profit from? This is a good question. There is an expectation that rents will rise in the next decade, so that could explain a healthy market reaction. An unhealthy one might be capital flight from China, so investors are willing to take a loss becaue its lower than the taxes/restrictions china has on that money. Housing has exploded globally, its not a local nz problem.