Re:Canada to ban foreigners from buying homes
by hluska on Thursday April 07, 2022 @07:03PM
(#30951369)
I feel like it’s almost an attempt to appease citizens by blaming the issue on “foreigners” (always a move that is popular with politicians) to redirect attention from the much more likely cause - massive investments made by hedge funds, private capital, REITs which does not appear to be addressed at all?
Sorry friend, but you're wrong. First, the issue of foreign ownership in the real estate market has already been studied. So, they have evidence supporting the moratorium. And second, this budget also announced that they are going to investigate the role of hedge funds, private capital, REITs, etc. Early actions could be announced before the end of the year.
Re:Canada to ban foreigners from buying homes
by amscanne on Thursday April 07, 2022 @07:20PM
(#30951511)
You need to provide evidence for this assertion. I've never seen any kind of analysis of this problem produce a clear signal that supports the idea that foreign ownership is a primary factor.
Sorry friend, but you're wrong. First, the issue of foreign ownership in the real estate market has already been studied. So, they have evidence supporting the moratorium. And second, this budget also announced that they are going to investigate the role of hedge funds, private capital, REITs, etc. Early actions could be announced before the end of the year.