zlacker

>>eswat+(OP)
It's quite bizarre any jurisdiction would allow someone to buy housing there when they can't legally live in it.

>>causi+N4
Why? Should we restrict other investments with similar logic? For example should non-residents not be allowed to purchase vacation properties and lease them?

The impulse to enlist the government to regulate private property and investments is not productive and results in endless encroachment of individual liberties and rights to governments.

>>alchem+67
>For example should non-residents not be allowed to purchase vacation properties and lease them?

AirB&B has been a terrible experience, so many people buying up houses just to lease them out for a weekend has definitely contributed to rising housing costs and over-all cost of living

>>soggyb+I8
That's an issue absolutely, but it doesn't answer the question of whether non-residents should be allowed to do what residents can.

>>bdcrav+va
> it doesn't answer the question of whether non-residents should be allowed to do what residents can

Raise that fence too high and you turn landlords into the community's gatekeepers. (How else could a non-resident become a resident?)

>>JumpCr+1c
Don’t worry the HN crowd seems to be so far gone from reality and understanding free markets that I’ve encountered numerous discussions where landlords are categorically evil, which is overwhelmingly empirically understood to be extremely beneficial to housing and communities to have landlords invest in them! Of course given the trend has been to remove all education of market fundamentals and inject eduction systems with endless collectivist propaganda we should not be surprised.