Editorial: Surprisingly damning house verdict from business leaders.
What’s surprising is the surprise. Business people obviously have a more balanced opinion obout the property bubble than the average brainwashed Kiwi victim of the coming debacle.
The Government’s insistence that the problem was purely one of supply is “disingenuous” and its constant blaming of the Auckland Council “pure politics”. We advocate restricting non-resident investors and imposing a stamp duty on domestic investors to discourage speculation and to raise revenue for infrastructure. NZ Herald