New Zealand's parliament has banned many foreigners from buying existing homes in the country - a move aimed at making properties more affordable.
The ban only applies to non-residents. Australians and Singaporeans are exempt because of free-trade deals.
New Zealand is facing a housing affordability crisis which has left home ownership out of reach for many.
Low interest rates, limited housing stock and immigration have driven up prices in recent years.
isnt that exactly what the title suggests?
Yeah I certainly didn't interpret it that way. Besides, since when do low income immigrants and people in desperate need of shelter buy houses?
It's crude, but it's also highly suggestive considering our current geopolitical climate.
But it's the case that information saturation requires clickbait.