New Zealand bans foreigners from buying homes

Financial Times/Jamie Smythe/8-16-2018

“Robert A Johnson, head of the Institute for New Economic Thinking, a US think-tank, told a 2015 audience at Davos he knew hedge fund managers all over the world who were ‘buying airstrips and farms in places like New Zealand’ because they thought they needed a bolt-hole in case rising inequality provokes a revolt.'”

USAGOLD note:  An “inequality revolt”, I am fairly certain, is only one of a litany of concerns New Zealand property owners are entertaining – particularly with the worldwide currency and debt issues now on the front burner. Some are not as indifferent as others about the current state affairs.  This article under an innocuous headline reveals much deeper concerns among those who spend a good deal of time thinking about these things.

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