3 ms·

And here's the problem - "investment". Residential property should never be an investment,it should only be a place one calls home.

• sokoloff 7y ago
  So if someone wants to rent a house (for whatever valid reasons), we prevent that somehow? Sorry, want to live here? You have to buy; we don’t allow residential investing here.
  • AgentOrange1234 7y ago
    Surely there are a lot of ways it could be discouraged that would fall short of a complete ban?
    • sokoloff 7y ago
      Whatever extent it's discouraged would seem to reduce the supply of rentable residences, which is a negative for renters.
  • cosmodisk 7y ago
    Renting a house isn't usually a problem, however there should be some safeguards in place,i.e. taxes that discourage excessive profiteering,etc. I remember working on this development( hundreds of flats)in London,where some Asian man walked passed, saw the building, went to the site office and said: I want to buy this block( at least 40 flats),I'll send the lawyers to sign the papers.The guy didn't even look inside. So he'd most likely end up renting the entire block.