NZ is a country where the small people invest in property for safe investment reasons, more than anything else. In other countries such as the UK, its councils and other institutions that buy property to rent out to the masses. The question I raise is, does it matter who owns, or rents over the property sector. If a person rents rather than buy, then I would sugest that that person is not inclined to be an investor in the first place. I would also suggest that the landlord of the property would be more inclined otherwise to invest in business ventures. I would go down the track further and suggest that encouraging property investment is a good thing rather than a bad thing for the masses of financial illiterates who otherwise would blow their savings. This might appear condescending but true non the less. I think NZ is fortunate that people look at owning property as a measure of success. Stop and think about it guys property ownership should be encouraged not condemned. Macdunk