Re:Canada bans most foreigners from buying homes
by beyond_based on Monday January 02, 2023 @06:16PM
(#34225099)
It’s too late and the problem isn’t even with the foreign buyers anyway. It never has been. Much like complaining about zoning, It’s a dumb misdirection play that people fall for every time.
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Re:Canada bans most foreigners from buying homes
by Pxtl on Monday January 02, 2023 @06:19PM
(#34225123)
How is zoning not a contributing factor to a shortage of housing?
Re:Canada bans most foreigners from buying homes
by meowtimemania on Monday January 02, 2023 @06:17PM
(#34225110)
What is the problem?
Re:Canada bans most foreigners from buying homes
by ehsankia on Monday January 02, 2023 @06:29PM
(#34225223)
I agree with GP that foreign buyers are mostly a scapegoat, but unlike GP, I do believe zoning is the main issue. Giving zoning power to local politics will always end up with the same issue. Rich homeowners voting for board members who pass laws which limit supply, resulting in the value of their assets going up. It's the same issue all over the world. Single detached houses do not belong in cities.
This is a great playlist around the subject:
https://www.youtube.com/playlist?list=PLTNrJFli7ocgtZNW5IzFs...