Reply to Canada now bans foreigners from buying houses- should we do the same?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]What we need to ban are Air BnBs, short term rentals, home flipping, and corporations from owning homes.[/quote]

Yes.  And in addition, ban foreigners from buying homes.  Green card holders should be allowed.  There should also be a provision in low down payment FHA loans that when sold, the sellers must accept FHA financing.  Something like 83% of homeowners got their first mortgage through FHA.  We need a new emphasis on home ownership.  It provides stability and helps Americans build wealth.  By the time I bought my second home I had enough equity to go conventional with 20% down.  I hope it works that way for most.  I keep an eye out for starter homes in my area since I have three young adult children.  There are definitely investment corporations that snap up the good deals and pay cash.  The homes disappear from the MLS within a week. [/quote]

Banning foreigners won’t solve the housing crisis but I like the FHA financing proposal.

We also need 
Much more affordable housing in general 
Limits on all cash purchases and investment corporations buying houses 
More tax assistance to first home buyers who live in the homes 
Rental protections for long term low income renters [/quote]

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