[hungrigekatze]

IMO, as someone who has (briefly) worked in real estate tech the United States NEEDS TO pass legislation similar to what Canada has passed regarding the ownership of homes by non-Canadian:

>Broadly speaking, the Ban prohibits foreign corporations and individuals who are not permanent residents of Canada or Canadian citizens from purchasing residential real estate in Canada between January 1, 2023, and December 31, 2024. Any contractual obligations arising or assumed prior to January 1, 2023, will not be subject to the Ban

https://www.mltaikins.com/real-estate/its-not-just-foreign-b...

Banning non-Canadian residents from purchasing residential properties as well as banning corporations that are owned (in part or in whole) by non-Canadian residents seems like a good start. It will be interesting to see how many LLCs (or the Canadian equivalent) get created by Canadians but that are actually used as shell companies for international buyers. I hope that there's some sort of flagging of Canadian individuals who suddenly become real estate moguls, buying up dozens or hundreds of properties via LLCs, when the Canadian had no interest in real estate prior to 1 Jan 2023 (which is when the law takes effect).