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
Something drastic has to be done about the cost of housing if we're to leave a functional society to the next generation.

>>stormf+88
"Something drastic has to be done about the cost of housing if we're to leave a functional society to the next generation."

Drastic? Well, then: kill NIMBYism. Just off with its head. We know the 18th century in England as the "Gin Craze", future generations will look at our period as the "NIMBY Craze".

Large-scale construction is absolutely possible. There were periods of massive construction booms all around the globe, especially after wars (when a lot of housing had to be rebuilt immediately). You can absolutely build a lot of comfortable middle-class housing in a fairly short time. Most German cities were rubble in 1945 and fine again in 1960.

But you need density and straightforward approval processes. No artificial scarcity caused by one-family home zoning and endless environmental reviews that are abused to stall developments for decades.