Let’s not cap the empty sitting houses and tax them as a capital investment….lets attack the students. That’ll show ‘em.
The fuck kind of sense does that make? Housing is an issue everywhere for generally the same fucking reason. Because the ultra wealthy are treating property like the Swiss bank accounts they lost a decade back. If you want to control your crashing affordable housing market then take it away from the wealthy foreign pockets. Not already broke ass students.
That’s what they’re doing. Foreign students, especially from China, are the ones driving up prices in places like Vancouver. They come to school, mommy and daddy buy them 3 homes because they don’t like the last one, and sit on them because they got assets out of China now.
I’m willing to bet corporations and cashed up landlords are buying up more property than Chinese citizens.
Ban corporate ownership entirely, and implement a cap of 2 properties per resident, and the housing “crisis” will evaporate overnight.
This is just not correct
