Originally Posted by
Bjauck
NZ fiscal settings have needed major reform for decades. Also, have we really needed foreign investors to be allowed to invest in and consequently increase price pressure on NZ residential housing, when residential housing has already been more appealing than investing in the stock exchange and in business for so many NZers? We want as many NZ owner occupiers* as possible, so that that they can sell their homes to move into an ORA unit in an OCA village!
Certainly with current fiscal settings and investment markets, NZ relies on net migration, rather than productivity increase, for most of its economic growth
* Or many NZers with a sufficiently large investment portfolio (if they do not own a home) to be able to buy an ORA in a village.