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1 month agoOn the surface it seems like a good idea: if the home isn’t going to be your primary residence you pay extra—a lot extra—to curtail a housing shortage caused in part by foreigners buying and inflating.
That said… if the issue there is anything like it is here in the states, the buyers will have more than enough capital to buy anyways and just pass the cost along to tenants… making the problem worse?
I think we’re just testing the old adage that a lie told often enough becomes the truth.
How many lies does it take to get to the center of a reality pop?