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Something like this would effectively bar any person born in India who tried to immigrate to the U.S. in the last ~5 years from ever buying a house, unless they
by whoisburbansky 5y ago
Something like this would effectively bar any person born in India who tried to immigrate to the U.S. in the last ~5 years from ever buying a house, unless they got married to a citizen. Broad strokes, I agree that residency requirements might help with reducing speculative investment, but maybe phrased in terms of how long you're in the country, not literally permanent residency as a legal threshold.
- Cerium 5y agoNot necessarily - for example in China foreigners are limited to owning one house. That limits speculation but does not provide hindrance for someone honestly trying to live.
- throw737858 5y agoIn China nobody owns a house, it is just leased from government for 70 years.
- whoisburbansky 5y agoWhat’s the “not necessarily” in response to here?
- Cerium 5y agoThat policies restricting who can buy homes will hurt immigrants.
- whoisburbansky 5y agoIn general, of course not, but GP originally proposed specifically forbidding non-permanent residents from buying houses. How is that not hurting immigrants?
- Cerium 5y agoThe policy does not have to be binary - you can forbid non-permanent residents from buying more than one home instead.
- whoisburbansky 5y agoAgreed that the policy doesn't have to be binary, but GP's original phrasing was literally "ban non-permanent residents from buying property," which is what I was responding to.
- tachyonbeam 5y agoYes I agree, I meant residency requirement, requiring that people live in a country for at least 6 months before buying a house, which could be done on a work or student visa.
- gowld 5y ago"permanent" residency was your contribution, so there's no need to rebut it -- just don't propose it in the first place.
- tachyonbeam 5y agoI edited my comment, I had written "permanent resident", when what I actually meant was just "resident".