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Replying to @donlocke77 @JonnElledge
for London, perhaps, but I'm talking about American cities
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Constraining demand by restricting the ability of non-UK residents to buy property makes sense (Tokyo does this), but to penalize...
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...UK residents trying to move there is very wrongheaded--as is trying to move London's growth to other northern cities.
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London got to where it is with strong *local* business growth, not by getting transplant after transplant from more successful cities.
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Replying to @donlocke77 @JonnElledge
Leads to social cleansing IF you don't build enough housing and restrict ownership of property by foreigners
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Which is why Greater Tokyo is almost four times the population of Greater London yet doesn't have these "social cleansing" problems
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