3 ms·
> Could you please explain why the foreign investment is a problem? I'm not sure, but I get the impression that the concern is partly about non-resident popula
by jbapple 10y ago
> Could you please explain why the foreign investment is a problem?
I'm not sure, but I get the impression that the concern is partly about non-resident populations. Non-residents buying homes as investments or as a hedge against corruption driving them out of their home countries uncaps demand. More demand might end up causing wealth transfer from the renter class to the owner class.