New Zealand has experienced a significant drop in the number of rich foreigners applying for investor visas, leading to a decline in the popularity of its once-favored investor visa program. This sudden decrease in interest has raised concerns among policymakers and stakeholders about the potential impact on the country's economy and investment opportunities. This question aims to explore the reasons behind the loss of appeal among rich foreigners and understand the factors contributing to the plummeting numbers of investor visa applications in New Zealand.