I don’t live in New Zealand, but I assume this is good for locals. Would love to hear your thoughts if you live there! I live in LA and I’d welcome it here - n

I don’t live in New Zealand, but I assume this is good for locals. Would love to hear your thoughts if you live there! I live in LA and I’d welcome it here - not for all “foreigners” but at least to block foreign investors in residential homes and condos (not the actual buildings but the units). I bought a home last year and I put in 36 offers all 5-15% above asking and was outbid by investors on all but one that I ass-backwarded into. I feel like this is something that would also be welcome in Barcelona with the issues they are having with investors buying up all the housing and renting it on AirBNB.