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New Zealand has banned the sale of homes to foreigners after too many people started treating the island like their doomsday hideout

New Zealand has banned the sale of homes to foreigners after too many people started treating the island like their doomsday hideoutNew Zealand has banned foreigners for scooping up property on its islands, a response to skyrocketing house prices. Several ultra-wealthy US celebrities, including former TV host Matt Lauer and Paypal co-founder Peter Thiel have already bought boltholes there.

Read more: http://feedproxy.google.com/~r/businessinsider/~3/x9hNdUf-ySA/new-zealand-bans-foreigners-from-buying-homes-for-doomsday-hideouts-2018-8

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Parents for breaking the law - 0%
Federal government for enforcing the law - 100%
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