>>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.
>>stormf+88
Blaming foreign investors for a housing crisis is a smokescreen. It's not the demand from investors that's the issue; it's the government's stifling regulations that choke new construction. The mess is because of state failure, not market failure. When sellers freely sell their homes to foreign buyers, they're making choices that benefit them. Why should we deny them that right? The real absurdity is ignoring the elephant in the room: a bureaucratic quagmire that prevents building enough homes to meet demand. Instead of scapegoating investors, slash the red tape and let the market work.
>>alchem+jb
USA population has increased ~10% in the last 20 years. Why has that small increase in population caused a humongous lack of housing? It feels like something else is going on other than "we need to increase supply by 10% but can't"
>>ericmc+1j
Housing supply and demand isn’t uniformly distributed across the United States. When we say “housing shortage” we only mean in popular places to live.
>>stormf+tL
Places you don’t care about, like Jackson Ms, Detroit, Toledo, Gary. Recently, we see falling housing prices in Las Vegas and Phoenix, although they are probably ahead of where they were before the pandemic.