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Honestly, if outside speculators can wreck your housing prices, then your local government ducked up zoning and development laws really badly.
by Redoubts 7y ago
Honestly, if outside speculators can wreck your housing prices, then your local government ducked up zoning and development laws really badly.
- ip26 7y agoHow do you figure? A blind flood of money breaks most markets.
- Redoubts 7y agoBecause they should be a small fraction of your market. If they have outsides weight like this, then you’ve been constraining your housing for decades.
- ip26 7y agoI'm not familiar with Toronto but foreign speculators are reportedly about 10% of real estate transactions in Vancouver. Just how much more housing were they supposed to have built?