It's what drives the price increases in the Bay Area in California, as well. When 20% or more of the purchases in a given year are by foreign persons, it is pro

It's what drives the price increases in the Bay Area in California, as well. When 20% or more of the purchases in a given year are by foreign persons, it is problematic. They don't live here, they buy properties and let them sit vacant or rent them out. We need to basically prohibit ownership of anything but a primary residence by any entity that isn't a citizen or permanent resident (corporate entities would qualify if 100% of their true beneficial owners meet the same standard).