"The New Zealand Prime Minister that took the country back into Marxism, has fired its first shot across the bow.
Thirty-seven-year-old Jacinda Ardern, a member of the New Zealand Labour Party, became the world’s youngest female leader. Hillary must be crying in her martini.
The Labour party have formally signed a coalition agreement, introducing all new policies focusing on climate change, regional development, and poverty which translates into hunting the hated rich.
Nevertheless, PM Ardern has just fired the first shot across the bow and this is a serious warning that foreign investment better cross New Zealand off the list of places that will be up-and-coming.
She has banned foreigners from buying property in New Zealand.
As The BBC reports, the rise in New Zealand house prices over recent years has been fuelled by strong immigration, low interest rates and limited housing supplies.
...She thinks banned foreign property ownership will cool off the property market. The problem will be, a property crash. When home values decline, people feel they lost money and they spend less.
With rising property values, people feel they are better-off and spend more assuming they have equity even if they do not borrow against it.
She may be the youngest female leader in the world, but she also is clueless about economics."
No comments:
Post a Comment