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Reply to "Canada now bans foreigners from buying houses- should we do the same?"
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[quote=Anonymous]It’s about housing being bought up by people from elsewhere pricing the locals out. It’s not new. Bermuda charges foreigners a large premium to buy. Breckinridge has no housing for people who work there so now newly purchased homes cannot be rented on a short term basis for 5 years. Oahu is pushing for minimum rentals if 90 days. These ARE the result of corporate owners and AirBNB empires pushing up the prices and literally buying out inventory to the pint that locals cannot afford to live there. It’s a natural outflow if airbnb enabling easy rental of homes. It vastly increases the tourism without the same evaluation that a large hotel or resort must undergo. Amsterdam is drowning in people because of AirBnB type arrangements and the city is struggling to figure out how to fix it. [/quote]
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