Xenophobic - what a load of garbage. It's well known that countries have policies on whether or not foreign buyers are allowed to buy residential real estate. M

Xenophobic - what a load of garbage. It's well known that countries have policies on whether or not foreign buyers are allowed to buy residential real estate. Me having an opinion on that does not make me xenophobic. >>Any tax payer should be treated equally.. Foreign buyers are not taxpayers in Australia/Canada/USA. "The Prohibition on the Purchase of Residential Property by Non-Canadians Act (Act) comes into force on January 1, 2023. It prohibits the purchase of residential property in Canada by non-Canadians unless they are exempted by the Act or its regulations, or the purchase is made in certain circumstances specified in the regulations." https://www.bennettjones.com/Blogs-Section/Canadas-Ban-on-Foreign-Home-Buyers-Soon-In-Effect-Update-and-Whats-Next https://www.bennettjones.com/Blogs-Section/Canadas-Ban-on-Fo... In Australia and Canada, Chinese money has flooded our real estate markets - much of that money is anecdotally said to be the gains of corrupt officials and people trying to exit the country due to the oppressive regime. "Chinese investors flooding billions into the Australian real estate market prompt money laundering fears" https://www.abc.net.au/news/2015-10-12/chinese-investors-flooding-billions-into-australian-real-estate/6841816 https://www.abc.net.au/news/2015-10-12/chinese-investors-flo... This outflow of capital from China, pouring into Australia and Canada pushes up prices, meaning that people who are not citizens or permanent residents are buying local real estate and inflating prices. Every house owned by a non citizen/permanent resident means one more that cannot be bought by a citizen/permanent resident. Why should people from other countries be entitled to own our residential real estate? If you believe the purpose of housing is to house the citizens and permanent residents then there's every reason to close out foreign buyers, as Canada has done: https://www.immigration.ca/canada-foreign-buyer-ban-starting-in-january-but-permanent-and-temporary-residents-exempt/ https://www.immigration.ca/canada-foreign-buyer-ban-starting... https://www.cwilson.com/not-for-sale-canada-closes-the-door-to-foreign-home-ownership/ https://www.cwilson.com/not-for-sale-canada-closes-the-door-... "Demand for U.S. homes from foreign investors is pushing up home prices, exacerbating concerns over housing affordability" "Housing markets are preferred destinations for foreign investors looking for yields, vacation homes or safe havens, or for those dodging tax restraints and corruption crackdowns in their home countries. But demand for U.S. homes from foreign investors, especially Chinese, pushes up home prices, exacerbating concerns over housing affordability, according to new research from Wharton." https://knowledge.wharton.upenn.edu/article/foreign-purchases-u-s-homes-impact-prices-supply/ https://knowledge.wharton.upenn.edu/article/foreign-purchase...