IMO there needs to be stricter rules around property ownership. In the last 2-3 decades it seems foreigners drove up the price of housing by flipping them for profit. Buying up the markets causing a shortage which created bidding wars over homes. Government needs to put an end to this practice. I lived in Thailand and they are very strict about who can purchase property. I believe a foreigner cannot own.
PRETTYINFUSHIA: IMO there needs to be stricter rules around property ownership. In the last 2-3 decades it seems foreigners drove up the price of housing by flipping them for profit. Buying up the markets causing a shortage which created bidding wars over homes. Government needs to put an end to this practice. I lived in Thailand and they are very strict about who can purchase property. I believe a foreigner cannot own.
I totally agree with you Pretty, The question is; Why is it still going on? Canada has a severe housing shortage. Also rent should not be allowed to increase.
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