Libertarians, convince me why we shouldn't pass laws preventing foreign buyers from buying up huge stores of houses in the US as stores of capital?
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Foreigners buying Vancouver and NYC condos is a symptom, not its own problem.
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Which you can see because SF has building restrictions and home prices are inflated from locals buying.
End of conversation
New conversation -
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I was just going to say that. Without building restrictions, housing costs would fall, and the incentive of foreigners to invest in real estate would fall as well.
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