alt Hacker News"From" other countries is overly broad and I assume not what you intended. I am actually interested though in the idea of legislating how frequently home owners have to actually be within range of the home, for example. A friend has had a hell of a time with a landlord in Malaysia who's never seen the property.
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linuxftw • last Wednesday at 8:55 PM
Many countries prohibit non-citizens from owning any real estate or businesses at all, even if they have a long-term resident status. Thailand is one example. Ownership is limited to 49%, a local partner must own at least 51%.
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presentation • last Wednesday at 11:51 PM
Citizenship or long term visa would immediately cut out 90% of the foreign speculators I imagine.
charcircuit • last Wednesday at 10:15 PM
Someone from another country taking ownership of land in your country is practically an invasion.
They do it by citizenship, and you might be surprised how many investment properties are vacant homes, but I’m not necessarily advocating for this in any case. The real cure would just be right to build laws.
The problem is, you can’t do that at the federal level, and the people who vote at the local level are the homeowners who benefit from housing restrictions.
The federal government has a very difficult task. They want to make home prices basically stay flat for a long time, and they have limited tools with which to do it since they can’t do the one thing every economist agrees would solve the problem.