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> In SE Asia (the Phillipines for example), all properties must have 50%+ occupancy by permanent residents. I think that's an overly wide generalization. For
by jimmywanger 10y ago
> In SE Asia (the Phillipines for example), all properties must have 50%+ occupancy by permanent residents.
I think that's an overly wide generalization. For instance, in Thailand, I don't think you're allowed to own land or houses, just a condo. In Laos, you can't own land at all.
The situation is much the same in much of Latin America.
- toyg 10y agoNot exactly rich countries. Let's face it, capital coming into the country to buy property is a Good Thing from an economic perspective. You "just" have to make sure this capital rewards low-income people as much as property owners. This tax is one way to do that, which I think is very good.