Originally Posted by
Bjauck
I see UDC has been sold by ANZ (an Australian company) to a Chinese Company. It is a pity that it remains in foreign ownership. Although not applicable to this UDC sale, there seem to have been many businesses that have ended up being delisted from the NZX and in foreign ownership. It got me wondering. Under John Key's prime ministership, I wonder how the change in value of the NZ stock exchange capitalisation compared with the change in value of the residential housing stock.
Did NZ end up preferring real estate investment over business investment during John Key's leadership? If so, is that a good thing? Should John Key (& the National Party) have introduced policies to counteract any (social and fiscal) bias towards real estate investment?