Are they not trying to get foreign real estate investors to come in, refurbish, and live in rural homes?
Are these not contrary things?
dontdropducks on
Limiting foreign real estate purchases seems like the best possible idea for any country really.
It stops ultra-rich foreign agents from gobbling up land that could be used for homes, apartments, or condos, for new families instead of corporate office buildings.
FlaviusVespasian on
Jesus Christ, Japan’s a dead man walking looking off a cliff of aging. Open your visas and bring in immigrants.
PaxDramaticus on
I am having trouble seeing any way this isn’t completely reasonable. In fact, I am a bit surprised that nationality information isn’t already tied to property ownership. That seems like two values that at minimum, you’d link across tables.
To be clear, anyone who wants to ban foreigners from owning property can take a flying leap.I might, assuming safeguards are in place to make sure it can’t be exploited, be okay with banning non-residents from property ownership. But this proposal is neither of those things.
wheresHQ on
In all honesty, people and businesses should only be allowed to own 1 home and that’s only if they will live/reside in it. If you want multiple homes, have kids and put it under their names. 1 social security number per home (USA)
That would create a boom in the hotel industry which will be fine since we live in a capitalistic society. Someone will just open up another hotel and that could be anyone
6 Comments
Are they not trying to get foreign real estate investors to come in, refurbish, and live in rural homes?
Are these not contrary things?
Limiting foreign real estate purchases seems like the best possible idea for any country really.
It stops ultra-rich foreign agents from gobbling up land that could be used for homes, apartments, or condos, for new families instead of corporate office buildings.
Jesus Christ, Japan’s a dead man walking looking off a cliff of aging. Open your visas and bring in immigrants.
I am having trouble seeing any way this isn’t completely reasonable. In fact, I am a bit surprised that nationality information isn’t already tied to property ownership. That seems like two values that at minimum, you’d link across tables.
To be clear, anyone who wants to ban foreigners from owning property can take a flying leap.I might, assuming safeguards are in place to make sure it can’t be exploited, be okay with banning non-residents from property ownership. But this proposal is neither of those things.
In all honesty, people and businesses should only be allowed to own 1 home and that’s only if they will live/reside in it. If you want multiple homes, have kids and put it under their names. 1 social security number per home (USA)
That would create a boom in the hotel industry which will be fine since we live in a capitalistic society. Someone will just open up another hotel and that could be anyone
Every country should practice this.