But muh REITs!
But muh REITs!
Don't allow non-citizens to buy or invest in residential property in the USA. There, I just solved about 70% of the problem and the housing market would drop probably by about 40% overnight.
Archive: https://archive.today/QqQaf
From the post:
>For six glorious years, Paul Woods and Nora Stout owned a home in the Los Angeles suburb of Altadena. They grew lemons and oranges and hosted rollicking parties around a backyard pool facing the purple San Gabriel Mountains. After years of renting, the couple had realized their dream of homeownership and, they thought, were on track for long-term financial security.
Don't allow non-citizens to buy or invest in residential property in the USA.
There, I just solved about 70% of the problem and the housing market would drop probably by about 40% overnight.
Archive: https://archive.today/QqQaf
From the post:
>>For six glorious years, Paul Woods and Nora Stout owned a home in the Los Angeles suburb of Altadena. They grew lemons and oranges and hosted rollicking parties around a backyard pool facing the purple San Gabriel Mountains. After years of renting, the couple had realized their dream of homeownership and, they thought, were on track for long-term financial security.
It’s frustrating when foreigners buy US real estate because even they don’t want nothing to do with their own corrupt, shithole country. That’s not the biggest reason for the unaffordability though. It’s the central bank ponzi scheme; slowly debasing the currency and transferring wealth to the top over decades.
It’s frustrating when foreigners buy US real estate because even they don’t want nothing to do with their own corrupt, shithole country. That’s not the biggest reason for the unaffordability though. It’s the central bank ponzi scheme; slowly debasing the currency and transferring wealth to the top over decades.
I agree but banning any non-citizen from owning property will drop values FAST and in some of the most expensive markets in the country. You have to also ban/restrict the property that Private Equity groups / Companies can buy before you do it though. Otherwise they will just buy all the houses and turn them into rentals forever.
I agree but banning any non-citizen from owning property will drop values FAST and in some of the most expensive markets in the country.
You have to also ban/restrict the property that Private Equity groups / Companies can buy before you do it though. Otherwise they will just buy all the houses and turn them into rentals forever.
(post is archived)