|Having spent several years moonlighting as a Chinese Tea Farmer I feel qualified to discuss this.|
|"Wait a minute, don't you mean $40 million dollars more?"|
|"Hmm, seems about right to me, so I will change my tie"|
|According to Underthinking it economist Kepler Stratenberg, it does seem better|
A/. He is not adverse to selling NZ assets to foreigners.
In the 1980's to fund his yacht racing habit, as well as embark on a breeding programme to produce a great NZ singer.....
|The success of which, is yet to be determined.|
|"I will be taking these"|
So I am not entirely convinced he wouldn't buy the farms and then turn around and sell them to some other foreigner.
B/. They aren't in NZ hands
Last I checked the Crafers went bankrupt and since they owed most of their money to the Banks, the Banks now own them. Which banks I am not entirely sure, but I do know it's not Kiwibank, and thanks to their little green car, I know the other banks are Australian owned.
|The little green car of Knowledge as I like to call it.|
|We got your land Mate.|
|"If I can stop them selling it to the Chinese, we Aussies can keep it."|
So I don't think Michael Fay has got a case, in saying that I don't necessarily think its a good thing to sell to the Chinese, but I think the Overseas investment offices rules need to be tightened. The first point should be to check if we can buy land in the country of the person wanting to buy land here.
Because as far as I am aware I can't buy Chinese land, so they shouldn't be allowed to buy land here. Do unto others blah blah...
|"I am sorry China, but you didn't let us have some of yours"|
So I guess, I can't believe I am saying this, I agree with Winston Peters..
|Split the land up into parcels, and sell it that way, give kiwis a realistic opportunity at buying it|