MET - Metlifecare - one for the fundies?

[Balance]

The $10 million needed for Investor Class 1 application may be an awful lot of money to some of us but there there are a lot of people who have that kind of wealth in the PRC.

I can tell you from my Immigration Consultant contact (ex-MP) that NZ is last on the list for those from PRC with real serious money - their preferences being Canada & Australia, US, UK and NZ a very very very distant last.

[King1212]

Nah...$10 is nothing....bring more....

Our Papatūānuku is worthy...

[traineeinvestor]

I can tell you from my Immigration Consultant contact (ex-MP) that NZ is last on the list for those from PRC with real serious money - their preferences being Canada & Australia, US, UK and NZ a very very very distant last.

That sounds right – it's certainly consistent with all the discussions I have had with people in Hong Kong. Limited career and business opportunities, the FIE tax and education are regularly mentioned as reasons for preferring other destinations.

That said, it's a very big pool of eligible people and NZ's a very small economy – it only takes a tiny fraction of the people looking to exit China to decide to head down our way to make an impact. No idea whether it will happen or not.

[King1212]

We don't need expats with heaps of student loan or debts. Plz don't return....we need only people that have a lot of bacon in the fridge.....

[macduffy]

I can tell you from my Immigration Consultant contact (ex-MP) that NZ is last on the list for those from PRC with real serious money - their preferences being Canada & Australia, US, UK and NZ a very very very distant last.

Yes, but being cynical, if I was an immigration consultant I too would be doing everything I could to talk down the capital input required from my potential clients.

By the way, how did all this discussion get on MET's thread? Oh, house prices!!!

[peat]

https://thebfd.co.nz/2020/03/26/the-...and-kids-or-b/

LOL
he's quick.

[Beagle]

LOL
he's quick.

Smart man, anything's better than A, LOL

[carrom74]

FWIW- Metlifecare has been number 2 for two consecutive weeks on direct Broking”s Top 10 buys.So,someone is buying and as Balance rightly pointed out, the Arb”s aren’t selling and the volume is pretty low.

[winner69]

THEY MUST CONTINUE WITH THEIR CONTRACTUAL OBLIGATIONS ...and put us out of our misery

http://nzx-prod-s7fsd7f98s.s3-websit...211/321431.pdf

GO MET ....STICK IT TO THEM

[Raz]

+1

I'm an expat currently doing lockdown in NZ. Two agents cold called me last week to ask when (not if) I'm coming back here to live and whether I had found a home yet. Apparently they know something I don't. Both agents also assumed I was only interested in the expensive end of the market which would come as a shock to my creditors.

In addition to the points you mention, there's also the question of career and, for many, a non-Kiwi spouse, children settled in overseas schools and other ties that build up over the years.

I'm sure some will come back, maybe even a few more than normal, but expectations of a deluge of returning Kiwi's "desperate" to buy a house are wishful thinking on the part of the agents. Likewise, the idea of buying a house as a safe haven home for the future fails due to the combined effect of NZ's tax residency rules and the FIE regime.

What we may see is an increase in people looking to migrate to NZ from places like the PRC.

Yeah its all talk. I have also had several agents contact me, friend of a friend said I had left LA, they do not know my NZ property interest are in Trusts etc so they are scouting around for business. I know a lot of ex-pats that have come back for the relative safety..for now...an an entirely different issue to settle back here when the big money will always be overseas. Only a very small group are in a independent financial position to do just that.