When ever this topic comes on people are like “ohh it doesn’t work” Well it doesn’t matter if it doesn’t work. It’s stopping something that shouldn’t be allowe

When ever this topic comes on people are like “ohh it doesn’t work” Well it doesn’t matter if it doesn’t work. It’s stopping something that shouldn’t be allowed to begin with. In NZ you could go on a website and buy a house despite the fact you had never set foot in the country. Even if this is only 5% of all buyers they are ruining the market for 90% of buyers because they cause prices to go up when they pay above market rates because they are wealthy. The irony of this is if you’re from Thailand, Japan, China, India, etc. you can buy property in NZ. But I cannot buy property in these countries. Thankfully NZ put a stop to this. And I believe 2022 saw the first actual drop in prices. Maybe one day I can afford to buy a property in NZ. Edit: someone replied pointing out you can buy property in China which is correct. If you live and work in China you can buy but you’re limited to 1 property and I believe you need to sell if you leave China. Thailand you can kinda buy but it’s done by a company that buys for you and you pay them a fee so technically they own it. Japan I don’t really know. All countries in asia are different but it’s all better than what was allowed in NZ.