The problem with “capital” vs “foreign individuals looking to buy a home” in my mind - is that capital will find a way to camouflage as domestic capital if foreign capital is no longer allowed. It will move the money, register a subsidiary etc and buy a billion worth of housing while we are celebrating that a foreign family couldn’t buy a vacation home.

I am sure banning that wealthy family from China will do “something” to help alleviate the crisis, but I think putting restrictions on capital being used to buy up homes that aren’t primary-residence should be a priority and will have much larger effect.

And to be clear - as it stands with the situation in real estate being what it is right now, I am in favor of massive taxes on real estate investments that are to be used to finance affordable housing to be made available exclusively to first-time buyers and primary residents.