Originally posted by Judge
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They have just not figured that owner occupiers trade up into perhaps new and the buyers of their old properties are often investors who then put tenants into them. This after all was what John Key was suggesting when he said first home buyers needed to start off with a small flat. If you can not sell your old owner occupier house you are stuck.
Too bad his ministers could not connect the dots. This is vertical integration.
Then the sideways expansion of the market is people need to be able to freely move between cities and in some cases to their holiday homes when they get to retirement. The government should not pick and choose which city they are going to punish or reward based on their school boy understanding of demographics.
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