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Economists' analysis rubbishes National's foreign buyers tax numbers (www.rnz.co.nz)

submitted 1 year ago by [email protected] to c/[email protected]

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When the details of this policy were released, it really didn't pass the sniff test. It seemed to rely on a huge increase in foreign buyers, above pre-ban levels, and ignored any potential reduction in sales due to the tax itself.

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[–] [email protected] 5 points 1 year ago* (last edited 1 year ago)

It seemed to rely on a huge increase in foreign buyers, above pre-ban levels

Er, maybe this is the unstated part of their plan? Have a massive housing sell off to wealthy non residents?