How much capital do I need to retire comfortably on ?

[Aaron]

Here is another great idea from government, rather than a capital gains tax and investing in housing and young NZers wanting to get onto the housing ladder, get foreign landlords to build rentals so our young people can rent.

https://www.msn.com/en-nz/news/natio...2619c537&ei=14

Why is there a housing crisis? Too many f*cking foreigners coming into NZ. Solution get rich foreigners to build houses to rent, keep the property market inflated and boomers happy while young NZers lose all hope of getting ahead.

What a pack of unpatriotic aholes but sadly they represent the average home owning Kiwi. No surprises if talented young NZers continue to head elsewhere for a better life.

At least the foreigners may not be just buying existing assets but building new ones.

I suspect Chris would like the foreign demand to keep house prices high. The building angle is probably to make it more palatable to the average xenophobic NZer (like me) and to assuage concerns about home ownership for those not on high incomes or with family help available.

https://www.stuff.co.nz/money/350179...re-rich-people