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A comment on Amsterdam's Plan: If You Buy a Newly Built House, You Can't Rent It Out. Parent comment

Re:Amsterdam's Plan: If You Buy a Newly Built House, You Can... by Kalium on Thursday March 21, 2019 @09:03AM (#19451784)
How do you feel about companies that buy land and build housing on it, hoping to sell? By most definitions that would be speculation and investment...
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Re:Amsterdam's Plan: If You Buy a Newly Built House, You Can... by Tiktaalik on Thursday March 21, 2019 @11:26AM (#19453405)
The problem is that in Vancouver they're selling it... in Hong Kong, setting up real estate offices and recruiting foreign real estate agents sell the product outside the city.

There's no local demand for the housing at the prices that they want to get, so they have to go outside the city. This of course inflates demand and buyers with incomes beyond local Vancouver incomes crowd out locals.

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Re:Amsterdam's Plan: If You Buy a Newly Built House, You Can... by x38iq84n on Thursday March 21, 2019 @10:04AM (#19452448)
I am grateful they exist and provide housing development. As developers should naturally do.
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