Hacker News new | ask | show | jobs
by Zod666 762 days ago
Well, about a year ago he put a 2 year ban on foreigners purchasing homes. But his reason for doing this was housing market fluctuations due to COVID. Due to COVID?!

The housing market has gone to insane levels. Certainly it's not all due to foreign buyers, but why as a citizen would I want to compete on the global market for our homes? The answer is I never want to complete globally for something that should sell locally. But government never wants to stand in the way of inflows of foreign money.

Anyone I know with a home in Canada expresses the sentiment, 'thank god I got in when I did or I'd never own a home.'. And they're right, they shouldn't be, but they are.

1 comments

I'm trying to parse your comment. You approve of what Trudeau did, but are complaining because he did it for the wrong reasons?
Old comment now but I'll reply anyway. I approve of what Trudeau did in that he temporarily stopped foreign buyers. But not only do I call bullshit on his reasoning I think foreign buyers of homes should never be allowed.

So ideally he shouldn't have to give this bullshit reason as they never should have been for sale on the global market in the first place.

That he would use this bullshit excuse tells me what type of person he is. But that's politicians.