Re:Canada bans most foreigners from buying homes
by __MatrixMan__ on Monday January 02, 2023 @08:48PM
(#34226508)
Do you think the situation would improve if they were... bad investments?
Because it seems to me that we can probably find all kinds of ways to reduce a house's market value without reducing its livability. Especially if its owners are on a different continent and not around to stop us. Once they cave and sell at a loss, we've got the local cost of housing going down and whatever the deficit is stays in the local economy.
Because it seems to me that we can probably find all kinds of ways to reduce a house's market value without reducing its livability. Especially if its owners are on a different continent and not around to stop us. Once they cave and sell at a loss, we've got the local cost of housing going down and whatever the deficit is stays in the local economy.