1
00:00:00,160 --> 00:00:03,120
Speaker 1: So March six is you day. This is the date

2
00:00:03,160 --> 00:00:06,040
Speaker 1: that changes to foreign buyers of expensive houses comes into play.

3
00:00:06,400 --> 00:00:08,960
Speaker 1: This date, in a way is like the LNG announcement.

4
00:00:09,039 --> 00:00:11,360
Speaker 1: So the idea of foreign buyers for houses isn't new.

5
00:00:11,720 --> 00:00:13,319
Speaker 1: It's been part of the government's plan ever since the

6
00:00:13,360 --> 00:00:16,279
Speaker 1: government became the government. The ALNG idea got floated in

7
00:00:16,320 --> 00:00:18,320
Speaker 1: the winter of twenty four, not long after the government

8
00:00:18,320 --> 00:00:21,040
Speaker 1: became the government also, which proves one of two things.

9
00:00:21,239 --> 00:00:23,320
Speaker 1: Either it's hard work being in government and things take

10
00:00:23,360 --> 00:00:26,079
Speaker 1: longer than you think, or this lot aren't that flash

11
00:00:26,120 --> 00:00:28,320
Speaker 1: at getting things done. Despite the rhetoric to the country,

12
00:00:28,600 --> 00:00:31,960
Speaker 1: the foreign buyer's rule is a writing of a horrible, myopic,

13
00:00:32,159 --> 00:00:35,680
Speaker 1: narrow minded wrong from the previous government. House prices were

14
00:00:35,680 --> 00:00:38,120
Speaker 1: never driven by Germans buying fifteen million dollar homes in

15
00:00:38,159 --> 00:00:40,640
Speaker 1: Herne Bay, nor Chinese buying nineteen million dollar homes and

16
00:00:40,680 --> 00:00:43,600
Speaker 1: Saint Heliers, and that's essentially where they were all bought.

17
00:00:43,680 --> 00:00:46,400
Speaker 1: Auckland Queenstown has joined the party a bit lately, but

18
00:00:46,440 --> 00:00:48,720
Speaker 1: the vast sway of New Zealand never saw a mega

19
00:00:48,720 --> 00:00:52,519
Speaker 1: purchase from a filthy, rich foreigner. Why it's important is

20
00:00:52,600 --> 00:00:55,320
Speaker 1: we see foreigners as good people who want to improve

21
00:00:55,360 --> 00:00:57,920
Speaker 1: their lives while improving ours via the improvement of the country.

22
00:00:58,240 --> 00:01:01,080
Speaker 1: People who have money do things with it like buy

23
00:01:01,120 --> 00:01:03,800
Speaker 1: and build businesses. They invest, they grow, they employ, their

24
00:01:03,840 --> 00:01:06,759
Speaker 1: pay tax, They bring knowledge and expertise, and they more

25
00:01:06,800 --> 00:01:08,400
Speaker 1: often than not fall in love with our piece of

26
00:01:08,440 --> 00:01:10,479
Speaker 1: paradise and end up doing far more than they ever

27
00:01:10,520 --> 00:01:12,600
Speaker 1: set out to do. I think a lot of Julian Robertson,

28
00:01:13,000 --> 00:01:16,040
Speaker 1: an American who built lodges and golf courses that bring

29
00:01:16,080 --> 00:01:19,080
Speaker 1: in millions, continually enhance the place. And next time you're

30
00:01:19,080 --> 00:01:21,319
Speaker 1: at the Auckland Gallery by the way, go see his picassos.

31
00:01:21,319 --> 00:01:24,240
Speaker 1: He gave them a fortune and art. What drives bands

32
00:01:24,680 --> 00:01:28,560
Speaker 1: is envy. His shallowness is fear and often stupidity. We

33
00:01:29,240 --> 00:01:32,080
Speaker 1: have at last made it right. Yes, it will help

34
00:01:32,120 --> 00:01:34,880
Speaker 1: the housing market, but more importantly, it will help the country.

35
00:01:34,880 --> 00:01:37,119
Speaker 1: And this country needs to pull every trigger in its

36
00:01:37,200 --> 00:01:39,559
Speaker 1: arsenal to fire it up. Nine years ago, nine short

37
00:01:39,600 --> 00:01:42,360
Speaker 1: years ago, we were a place of pride and growth

38
00:01:42,400 --> 00:01:46,000
Speaker 1: and global admiration. Labour seventeen through twenty three destroyed that.

39
00:01:46,400 --> 00:01:50,240
Speaker 1: March six is a small step back towards redemption and

40
00:01:50,320 --> 00:01:54,120
Speaker 1: better days. For more from The Mic Asking Breakfast. Listen

41
00:01:54,200 --> 00:01:57,160
Speaker 1: live to news talks at B from six am weekdays,

42
00:01:57,360 --> 00:01:59,360
Speaker 1: or follow the podcast on iHeartRadio