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Re:US will ban Wall Street investors from buying single-fami... by ebbi on Wednesday January 07, 2026 @08:17PM (#46535780)
It's the same in New Zealand - property is the primary mechanism for wealth creation, and you have boomers with 10+ properties that they use for rental income for their retirement.

The issue is exacerbated by the tax structures not incentivizing investments in other assets - e.g. in NZ if you invest over $50k in offshore equities, there is an annual FIF tax that must be paid, even for unrealized gains.

Re:US will ban Wall Street investors from buying single-fami... by jorisboris on Wednesday January 07, 2026 @09:14PM (#46536313)
“Show me the incentive and I’ll show you the outcome” Presumably most politicians own one (or more) houses

The fact that there is a housing crisis in most of the western world seems to prove this