You’re simply ignoring scale here. Having what in practice is probably 1 in ~5,000 fewer customers has negligible impact on a housing market. That’s assuming

You’re simply ignoring scale here. Having what in practice is probably 1 in ~5,000 fewer customers has negligible impact on a housing market. That’s assuming many foreigners who would be buying a 3rd home will probably substitute longer term rentals but it’s not zero and from the perspective of customers any movement is positive here.