> the initial citizen who sold the property These people are pensioners (or soon-to-be) who: a) vote in droves b) need to flip their houses at a huge profit t

> the initial citizen who sold the property These people are pensioners (or soon-to-be) who: a) vote in droves b) need to flip their houses at a huge profit to pay for their retirements because they don't have enough savings otherwise > Can anyone explain the purported benefits to society of allowing non-resident foreigners to own residential property? It's an easy and popular (amongst voters!) way to have foreigners pay for the care of your aging population. I'm not surprised at all there's little political will to stop it.