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
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
As Sean mentioned, not only have we increased in total population we have also changed where we are living. Lots of small towns have seen their populations decrease, with some completely disappearing. Large neighborhoods of cities like Detroit and elsewhere essentially emptied. We need more housing and we need to shift housing resources to where the demand is.

There are loads of cheap houses in the USA. They're just in places where most people don't want to live.

Here's a cheap house:

https://www.zillow.com/homedetails/420-Tyler-St-Gary-IN-4640...

The commute to Southern California is pretty killer though.