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submitted 11 months ago by filoria@lemmy.ml to c/world@lemmy.world
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[-] Magrath@lemmy.ca 49 points 11 months ago

That was a temporary 2 year ban on foriegn buyers, but it was too little too late. They already injected too much money and equity in to the market. I'm sure there's a way around it too. Corporations can still buy property. And once the ban is lifted it's back to normal and the prices are still fucked even with the temporary ban.

[-] tleb@lemmy.ca 12 points 11 months ago

Temp residents, including students, also aren't included in the temporary ban which makes it basically useless

[-] QuaternionsRock@lemmy.world 16 points 11 months ago

Ah yes, the true cause of the preposterous housing market… college students.

[-] tleb@lemmy.ca 8 points 11 months ago

My point was about foreign investors avoiding the ban through international students

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this post was submitted on 10 Dec 2023
834 points (99.2% liked)

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