News for hackers. Stuff that matters.
Re:Vancouver house prices are falling by jimmywanger on Sunday February 05, 2017 @01:52AM (#13571290)
> In SE Asia (the Phillipines for example), all properties must have 50%+ occupancy by permanent residents.

I think that's an overly wide generalization. For instance, in Thailand, I don't think you're allowed to own land or houses, just a condo. In Laos, you can't own land at all.

The situation is much the same in much of Latin America.

Re:Vancouver house prices are falling by toyg on Sunday February 05, 2017 @07:24AM (#13572102)
Not exactly rich countries.

Let's face it, capital coming into the country to buy property is a Good Thing from an economic perspective. You "just" have to make sure this capital rewards low-income people as much as property owners. This tax is one way to do that, which I think is very good.