I'd love to see what the numbers are when you follow the capital and not just 'ownership'. There's a lot of ways around this ban.
I don't think it's a boogieman. But I also don't think it will change much when these cities are primarily 2-story houses.
If this stops some amount of cash offers 20+% over asking by foreign investors who have no intention of living in it - great. There's a hundred factors affecting this real estate crisis, it might need a hundred solutions.
I don't think it's a boogieman. But I also don't think it will change much when these cities are primarily 2-story houses.
If this stops some amount of cash offers 20+% over asking by foreign investors who have no intention of living in it - great. There's a hundred factors affecting this real estate crisis, it might need a hundred solutions.