alt Hacker News> But most of the "investors" buying up property are individuals purchasing investment properties.
Maybe they should clamp down on that as well, especially individuals who are only purchasing SFH in residential neighborhoods as a way to park their overseas cash.
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seanmcdirmid • last Wednesday at 9:27 PM
Once you try to clamp down on investment properties, you have couples getting divorces so they can own two homes (this happened in China), and all your kids are going to have their own home as well.
It isn't a bad idea, people will game whatever. A singapore public housing system might work better, but I doubt it would work for SFHs.
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Exactly. Nobody wants to hear this, because we're all Temporarily Embarrassed Landlords, but if a corporation buying 100 houses to sit on and extract rent is bad (or good), then 100 individuals each buying 1 house to sit on and extract rent must be equally bad (or good).