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What's wrong with paying rent to someone in another country? There's the argument that the money doesn't come back into the local economy, but in this case it
by Asbostos 11y ago
What's wrong with paying rent to someone in another country? There's the argument that the money doesn't come back into the local economy, but in this case it clearly does - they bought the house by paying a local seller.
- clavalle 11y agoUnless they bought it from a foreign investor. There is something to be said for not having another country control property that one's citizens need to live. What if another country started buying up farmland, for example? Beyond that they have no interest beyond financial to, say, keep things nice or affordable or to encourage sustainable growth or any of the other bonuses communities get when they have locals own property.
- jpollock 11y agoCitizens (and occasionally residents) have ultimate control over the land, through control of taxation and regulation.
- toomuchtodo 11y agoOnly if said Citizens are keeping their government in check.