This. The only real solution is to implement policies that make housing prices not appreciate so it's not tempting as an investment in the first place.
Current attempts to fix the problem are doomed to failure because they are trying to avoid 1) significantly increasing the supply of housing and 2) decreasing the value of houses for people who already own them, but those are the things that are actually causing the problem.
Trying to block foreign investors is just a bandaid and it will make no difference. Housing needs to be a depreciating asset.
Current attempts to fix the problem are doomed to failure because they are trying to avoid 1) significantly increasing the supply of housing and 2) decreasing the value of houses for people who already own them, but those are the things that are actually causing the problem.
Trying to block foreign investors is just a bandaid and it will make no difference. Housing needs to be a depreciating asset.