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i don't think there's too many people (or at least, people making these decisions) who think foreign ownership is the real problem here. it's just the portion
by notatoad 4y ago
i don't think there's too many people (or at least, people making these decisions) who think foreign ownership is the real problem here. it's just the portion of the problem that's politically easiest to tackle.
banning foreign ownership will help, even if only a little bit.
- nerdbert 4y agoHowever many foreigners will be punished as a result, even if their participation in the housing market was going to be in good faith and aligned with the public interest. If the actual problem is vacant units, then punish vacancy. Failing to do that is admitting that xenophobia is easier than good policy.
- notatoad 4y agoif you are buying houses without residing in the country, your participation in the housing market is not in good faith. there is no good reason to buy a house you don't plan to live in.
- mattm 4y ago> However many foreigners will be punished as a result So what? That's the point. Locals are already being punished!