Canada bans foreign home buyers for two years

Re:Canada bans foreign home buyers for two years by seandoe on Tuesday April 19, 2022 @09:27AM (#31082774)

That doesn't make sense. If you really bid what it was worth to you, why were you disappointed that the house went for more because you would have paid it (and more)?

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Re:Canada bans foreign home buyers for two years by 3qz on Tuesday April 19, 2022 @09:37AM (#31082896)

“what it’s worth” is just the maximum you can possibly afford when the alternative is never owning anything.

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Re:Canada bans foreign home buyers for two years by jejeyyy77 on Tuesday April 19, 2022 @10:25AM (#31083581)

If your perspective is that people will sacrifice anything to own a home, then home prices are quite undervalued and have been for a long time.

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Re:Canada bans foreign home buyers for two years by 3qz on Tuesday April 19, 2022 @03:57PM (#31088178)

It’s kind of like how insulin is undervalued when there’s supply chain issues

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