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1. fennec+(OP)[view] [source] 2024-02-07 02:26:18
NZ has this problem but with real buyers regardless. Chinese citizens evading laws as much as they can to buy houses and flip them, sometimes hours later.

Laws like "you must live in the house for 1 year before selling" meant they just sent a relative to live there free before selling for higher price.

Like investors and companies chasing ever higher profits, there's a bunch of people that think the house they own should be worth 100000% more by the time they sell it.

Even had a gen x friend be like "Well I pay rates (council services fees) while I own the property so it should be worth more!"

Bruh, getting your rubbish taken away while you live there doesn't add value to the fucking house. Otherwise I could claim paying my electricity bill while I live there does too.

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