New Zealand is yet another beautiful place that doesn’t want foreign home buyers


When LinkedIn founder Reid Hoffman told a friend he was thinking of getting a place in New Zealand, his friend asked if he was getting “apocalypse insurance.” He told the New Yorker last year (paywall), “Saying you’re ‘buying a house in New Zealand’ is kind of a wink, wink, say no more.” Fellow billionaire Peter Thiel, the Trump-supporting PayPal co-founder, bought 193 hectares of untouched land on Lake Wanaka years earlier, ostensibly for that very reason.

Read more : QZ, 20.08.2018