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Reply to "Canada now bans foreigners from buying houses- should we do the same?"
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[quote=Anonymous]I think it’s very reasonable that any property owned by either a company or a non-greencard-foreigner (i.e. not a US citizen or permanent resident) should pay much higher property taxes (like double or even triple) and also not benefit from things like the props in California that freeze property taxes over time instead of relating them to the market value. That increased tax revenue can pay to improve our schools, local infrastructure, etc. I would also super an outright ban on foreign ownership of property although it would need to be done carefully to not track the market.[/quote]
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