Re:Canada to ban foreigners from buying homes
by imtringued on Thursday April 07, 2022 @05:55PM
(#30950799)
It's the real estate equivalent of blaming immigrants for stealing jobs.
[ Parent
| on HN ]
Re:Canada to ban foreigners from buying homes
by rapind on Thursday April 07, 2022 @10:34PM
(#30952727)
Not even remotely. Immigrants can buy a home. This is about foreign ownership (not a primary residence).
Foreign ownership is just one problem though, and IMO a smaller one than both cheap debt and lack of supply.
Which is exactly the point of the parent post - blaming joblessness on immigrants stealing jobs is the same as blaming foreign ownership for making property too expensive for the ordinary citizens to buy!
Both are incorrect in the same way, and incite an emotional response of hating some "other" for causing the problem at hand!