A few years ago, banning foreign people coming here and buying things was a bad thing, or it was actually so small it wouldn't do anything.
Nekminit.
https://www.stuff.co.nz/national/pol...ry-conversions
Note. I fully agree that we need to limit/ban foreign ownership where it could end up being worse for us in the long run.
But listening to national rabbit on about this was so many Lols.
Everytime they got told its effectively banned already, and there answer was "but it still happens". Isn't that just enforcing a law? or are there loop holes.
But the main one was when they are questioned that its actually NZ companies buying and converting the land (like Air NZ, which probably started when Luxon was still there).