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I’ve heard of it too, apparently foreign money (mostly China) needs a legit way to pull the money out of their country and real estate is a good way to do it th
by vxNsr 5y ago
I’ve heard of it too, apparently foreign money (mostly China) needs a legit way to pull the money out of their country and real estate is a good way to do it that doesn’t alarm regulators. Can’t say why it doesn’t make sense to rent it out. But I do know that Vancouver passed laws to limit this type of purchase.
- mactrey 5y agoDid Vancouver pass limits on foreign purchases because that was the underlying reason for the high cost of housing, or did they pass limits because that was easier than actually building new housing?
- imtringued 5y agoBuilding housing must be stopped at all costs.