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I don't think it's dissonance so much as a conflict in needs, which is what most of business and life is about. No doubt America has a lot of land to spare, an
by sonnyblarney 7y ago
I don't think it's dissonance so much as a conflict in needs, which is what most of business and life is about.
No doubt America has a lot of land to spare, and it's probably not a problem.
But on some scale, particularly for high-value residential areas, it can definitely be a problem.
Vancouver is really a case for that. At least on London/NYC there's a lot local people (ie Londoners) who can pay 'global rates' for homes, banking is big there. In Van, the locals cannot afford anything unless the bought a long time ago.
It was well within the scope for my (Canadian) parents to retire in North Van 25 years ago, I remember them talking about it as we were skiing near there as a kid. There's zero chance now and it's not because 'the local economy is booming'.
But there are probably some material 'good things' about foreign ownership of some farmland as well.