[whoisburbansky]

Something like this would effectively bar any person born in India who tried to immigrate to the U.S. in the last ~5 years from ever buying a house, unless they got married to a citizen. Broad strokes, I agree that residency requirements might help with reducing speculative investment, but maybe phrased in terms of how long you're in the country, not literally permanent residency as a legal threshold.

[tachyonbeam]

Yes I agree, I meant residency requirement, requiring that people live in a country for at least 6 months before buying a house, which could be done on a work or student visa.

[Cerium]

Not necessarily - for example in China foreigners are limited to owning one house. That limits speculation but does not provide hindrance for someone honestly trying to live.

[whoisburbansky]

What’s the “not necessarily” in response to here?

[Cerium]

That policies restricting who can buy homes will hurt immigrants.

[whoisburbansky]

In general, of course not, but GP originally proposed specifically forbidding non-permanent residents from buying houses. How is that not hurting immigrants?

[Cerium]

The policy does not have to be binary - you can forbid non-permanent residents from buying more than one home instead.

[whoisburbansky]

Agreed that the policy doesn't have to be binary, but GP's original phrasing was literally "ban non-permanent residents from buying property," which is what I was responding to.

[throw737858]

In China nobody owns a house, it is just leased from government for 70 years.

[gowld]

"permanent" residency was your contribution, so there's no need to rebut it -- just don't propose it in the first place.

[tachyonbeam]

I edited my comment, I had written "permanent resident", when what I actually meant was just "resident".