4 ms·
Foreign + corporate ownership of single family homes is a ridiculous concept and significantly contributing to our inflated home prices. You should have to be a
by shaunrussell 7y ago
Foreign + corporate ownership of single family homes is a ridiculous concept and significantly contributing to our inflated home prices. You should have to be a citizen to own property.
Imagine having to get a visa to go to a home you own?
- nickserv 7y agoCitizenship is an absurd requirement IMO, there are greencard holders that live and work for decades in the US without going through the onerous and expensive process of obtaining citizenship.
- rat9988 7y agoHe probably meant resident.
- deleted 7y ago[deleted]
- tcbawo 7y agoShould you be a resident to invest in a fund that purchases US real estate? The US has always been open to foreign investment.
- charlesdm 7y agoSo if I have the means and want to live in both the US and Spain I'm not allowed? Now that seems like a ridiculous concept. Citizenship is an outdated concept, and not one I really agree with.
- brightball 7y agoYou’re right about being able to own homes. Citizenship, though, is a critical concept for how countries function. It has a bearing on taxes, benefits, voting, etc. Without citizenship every one of those are up for massive abuse.
- UweSchmidt 7y agoOP said "corporate". A person and a company are two separate things (even though they get problematically conflated in the concept of "corporation"). Calling citizenship outdated is a fashionable idea for the class of people who can cherry pick their prefered work-, investment- and tax environment. In the old days an individual would have some sort of responsibility towards the community, including the effect of house ownership as described by OP. Another outdated concept?