5 ms·
Canada, and the USA, need to make buying our land harder, especially for foreigners. In the USA, all it takes to buy a house is money. A wealthy person sittin
by hellbannedguy 5y ago
Canada, and the USA, need to make buying our land harder, especially for foreigners.
In the USA, all it takes to buy a house is money. A wealthy person sitting anywhere can buy a home with a email, and a few clicks, or a phone call. All it takes is money.
If a person can't legally live in the home he bought, why are we selling it to them? I know the answer, but don't like it.
I don't know of any other country that makes buying our land so dam easy.
(I only know U.S.A. realestate, but care about Canadians.)
- exporectomy 5y agoNew Zealand did that a couple of years ago. House prices continued to skyrocket as if nothing had happened. It's local people who keep buying them and paying through the nose.
- catmanjan 5y agoImagine if a rich king comes to a small village and insists on buying a loaf of bread from the baker for $100 rather than a penny Now the butcher knows the baker is hungry and has $100, so he ups his prices to get the most value But the butcher needs knives and the blacksmith knows he can afford more now too The kings left town but the damage has been done, will probably take some time for things to go sane again
- xenadu02 5y agoAFAIK they left a huge loophole: an NZ company can buy all the property it wants and foreigners can start or buy stakes in these companies.
- 908B64B197 5y ago> Canada, and the USA, need to make buying our land harder, especially for foreigners. Who should be allowed to buy a house: Markus, Swedish born foreigner who moved to America with his wife to work at an academic research lab or Liang, born in Saipan thanks to birth tourism, using the money his parents managed to get out of China to grab as much real estate as he can.