• takeda@lemmy.world
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    9 months ago

    If you allow foreigners (keep in mind that those who do this, but only are very rich in their countries, but also are very rich compared to you or me) to purchase property now you not only have demand created by locals but you are adding foreign demand. This all drives the price up.

    Even if Americans would do the same thing the prices would be still lower, because now they are out priced.