4 ms·

I'm not sure how that makes sense. How are housing-buyer-investors going to build an apartment building?

• mixmastamyk 7y ago
  They’re not, it’s the speculators that need discouraging, not builders.
  • darawk 7y ago
    Ok so builders can invest in building homes, yes? But builders need capital to do that. Where are they going to get that capital?
    • mixmastamyk 7y ago
      From their pockets and banks.
      • darawk 7y ago
        So, a builder can build an apartment building, but they cannot ever sell that apartment building?
        • mixmastamyk 7y ago
          No, individual units would be subject to the restriction of being sold to direct owners and must be occupied or subject to tax. See recent laws in Vancouver for one example. Once all units are sold, the building is co-owned between them. There is nothing left for the developer to sell. Perhaps a rental property management service, paid for by the owners.