Wednesday, August 15, 2018

Canada's Real Estate Inflation Problem: A Supply or a Demand Issue? In New Zealand a Clear Answer - Foreign Buyers are Hit Hard Beyond a Meaningless, Insignifcant Tax

https://nationalpost.com/news/world/new-zealand-to-ban-foreigners-from-buying-homes-after-spending-splurge-by-millionaires-crowds-out-locals

At least one country has stuck its neck out and realized that demand for housing far outweighs housing supply, as that incremental demand comes from outside of its own borders.  Rather than politicians (over) promising, debating, and feet dragging when it comes to domestic "affordable housing solutions", New Zealand has woken up to the demographics and drivers of such first world real estate markets.

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