Season 1 · Episode 116
Are the Kiwis right to ban foreign home buyers?
Debunking Economics - the podcast · Steve Keen & Phil Dobbie
September 17, 201834m 35s
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Show Notes
A new law in New Zealand prevents foreign buyers from acquiring homes in there. It’s a response to rising house prices which, the government claims, is being driven by New Zealanders being outbid by people from overseas. Home ownership in New Zealand is now at its lowest level since 1951. So, will the plan work? Phil Dobbie asks Prof Steve Keen.
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