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A comment on Canada bans most foreigners from buying homes. Parent comment

Re:Canada bans most foreigners from buying homes by philliphaydon on Monday January 02, 2023 @09:33PM (#34226829)
The US obviously has its own problems, and I absolutely don't know the US market well enough. My comments are based around canada banning foreigners from buying homes and my knowledge on similar issues in NZ/AU.

The US however is a huge plot of land with varying housing prices across the country, even if you had foreigners buying properties, it doesn't have the same impact on the country as it does in NZ/AU/Canada.

Populations:

Canada: 38m

Australia: 25m

New Zealand: 5m

US: 332m

The impact hurts us more than the US.

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Re:Canada bans most foreigners from buying homes by BenFranklin100 on Monday January 02, 2023 @09:41PM (#34226891)
Yes, I agree that NZ’s much smaller size makes it a more challenging case. NZ will be more affected in the short term by large swings in demand from foreign buyers.
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