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by hellbannedguy 1799 days ago
I would like to see a strict occupancy tax, or ban the amount of real estate a company/person can own.

Oh yea, require all real estate purchases to be American, or have legitimate relitaves residing here. We are selling our land with an to anyone in the world with money. I don't know of any country that makes it so easy for the wealthy to buy land.

I would love to know which countries allow real estate purchases like we do?

(I am against regulations, and more laws, but only for the little guys. Regulate big corporations like Blackrock, Facebook, Google. Regulate the big boys, so the little guys can begin to get ahead. Yes-I conflated two different industries.)

2 comments

>I would love to know which countries allow real estate purchases like we do?

Both the UK and Canada for sure. I think Canada is considering a foreign buyers tax but I don’t think it has been implemented yet. In the UK, property taxes don’t even exist - only council taxes paid for by the occupant which makes leasing much easier.

What you propose wouldn’t do anything but cause unforeseen problems. Blackrock has bought a few thousand homes; it has no significant impact. But - big companies build housing and sell it; you’d probably screw major homebuilders and limit new supply, making the problem worse.