Canadians play big role in real estate rush

[CA renter]

[quote=SD Realtor]AN it is not worth arguing over. CAR try not to confuse home ownership with shelter okay. Really is that the best you can do?

Let’s prohibit people from buying homes? Really.

Okay then play fair, make it even, you should be prohibited from buying a home until EVERYONE can afford a home.

Isn’t that a gaurantee that ALL OF SOCIETY will get shelter which in your own argument means home ownership.

You see the argument is about what is best for society but what I read is actually what is best for me. I am frustrated so we need to do what is best for society. Thus lets lock out those evil foreigners, lock out those evil investors.

If you want the argument to be REALLY for society then it doesn’t really work does it? Because for society means everyone gets a home. EVERYONE GETS A HOME, not just you. That also means that someone gets a beach home and someone gets a crapper in El Cajon but who decides who gets what?

You see the argument becomes so overwhelmingly absurd that inevitably the idea that desireability is something that has value and can be attained through hard work rather then having it given to you just because of a utopian dream. Unfortunately many gain wealth and can procure things without working hard. It is how the world operates. However people have the freedom to live wherever they want and guess what.. the are plenty of other cities with fantastic housing prices, better employment, lower taxes, and many many many citizens love living there.

Nobody is forcing you to live in one of the highest priced housing markets in the country. Cries to implement or restrict buyers because of their means or citizenship is to me, more based on selfishness rather then anything else. Your argument may be based on housing only, but can be abstracted to other assets as well.[/quote]

Sorry, was on vacation and didn’t get to respond to your comment, SDR. Now that the spammer has revived this thread…

I’m not suggesting “locking out” anyone, but we should not be giving incentives (MID, Prop 13 protection, govt-backed loans, etc.) to those who are not buying a primary residence.

This has nothing to do with “selfishness,” as we could just as easily buy up a bunch of rentals, or we could buy a primary residence in our current neighborhood without a mortgage, if we wanted to; we just don’t want to over-pay, and think that today’s prices are simply being propped up by all manner of govt/central bank intervention.

The vast majority of our wealth came from passive income, so I’m not at all talking my own book here. I’m just able to separate what’s good for me from what’s good for society. Oftentimes, the two are not the same. Offering up incentives to speculators/investors/vacation home owners is NOT good for society, IMHO. Having stable communities where local workers are able to own their own homes, and control their housing costs, and (hopefully) have a paid off home in retirement is far better for society than having a bunch of rich people making a living off of other people’s work.

[scaredyclassic]

i think im willing to go with ca renters argument here. assuming ti’s a good thing for the govt to promote homeownership just for the sake of the argument, it’s only a specific type of homeownership that is worthy of promotion or incentivization. That is, homeownership by people lviing in the home. it’s kind of dumb for the govt to promote the ownership of homes just as an asset in the same class as gold or old comics books, or whatever. in fact, it’s seems kind of commonsense and not even arguable. the govt shoudln’t give the same benefit to someone or some trust or entity buying 100 homes as it should to some guy buying a place to live for himself and his little squawking people.

[scaredyclassic]

i think im willing to go with ca renters argument here. assuming ti’s a good thing for the govt to promote homeownership just for the sake of the argument, it’s only a specific type of homeownership that is worthy of promotion or incentivization. That is, homeownership by people lviing in the home. it’s kind of dumb for the govt to promote the ownership of homes just as an asset in the same class as gold or old comics books, or whatever. in fact, it’s seems kind of commonsense and not even arguable. the govt shoudln’t give the same benefit to someone or some trust or entity buying 100 homes as it should to some guy buying a place to live for himself and his little squawking people.

[scaredyclassic]

i think im willing to go with ca renters argument here. assuming ti’s a good thing for the govt to promote homeownership just for the sake of the argument, it’s only a specific type of homeownership that is worthy of promotion or incentivization. That is, homeownership by people lviing in the home. it’s kind of dumb for the govt to promote the ownership of homes just as an asset in the same class as gold or old comics books, or whatever. in fact, it’s seems kind of commonsense and not even arguable. the govt shoudln’t give the same benefit to someone or some trust or entity buying 100 homes as it should to some guy buying a place to live for himself and his little squawking people.

[scaredyclassic]

i think im willing to go with ca renters argument here. assuming ti’s a good thing for the govt to promote homeownership just for the sake of the argument, it’s only a specific type of homeownership that is worthy of promotion or incentivization. That is, homeownership by people lviing in the home. it’s kind of dumb for the govt to promote the ownership of homes just as an asset in the same class as gold or old comics books, or whatever. in fact, it’s seems kind of commonsense and not even arguable. the govt shoudln’t give the same benefit to someone or some trust or entity buying 100 homes as it should to some guy buying a place to live for himself and his little squawking people.

[scaredyclassic]

i think im willing to go with ca renters argument here. assuming ti’s a good thing for the govt to promote homeownership just for the sake of the argument, it’s only a specific type of homeownership that is worthy of promotion or incentivization. That is, homeownership by people lviing in the home. it’s kind of dumb for the govt to promote the ownership of homes just as an asset in the same class as gold or old comics books, or whatever. in fact, it’s seems kind of commonsense and not even arguable. the govt shoudln’t give the same benefit to someone or some trust or entity buying 100 homes as it should to some guy buying a place to live for himself and his little squawking people.

[Jazzman]

I’d think this is more to do with a bubble fever that is still gripping Canada. When local bubble markets reach saturation point, investors start looking further afield. When the bubble bursts, there’s a retreat. Foreigner investors are prone to getting their fingers burnt, because they are either in capital appreciation mode, or fail to take into account exchange rates and other local conditions, or fail to realize the importance of finding reputable property managers. You also need to remember that Americans have been equally active in local housing markets in other countries. Ask a Venetian …if you dare.

[Jazzman]

I’d think this is more to do with a bubble fever that is still gripping Canada. When local bubble markets reach saturation point, investors start looking further afield. When the bubble bursts, there’s a retreat. Foreigner investors are prone to getting their fingers burnt, because they are either in capital appreciation mode, or fail to take into account exchange rates and other local conditions, or fail to realize the importance of finding reputable property managers. You also need to remember that Americans have been equally active in local housing markets in other countries. Ask a Venetian …if you dare.

[Jazzman]

I’d think this is more to do with a bubble fever that is still gripping Canada. When local bubble markets reach saturation point, investors start looking further afield. When the bubble bursts, there’s a retreat. Foreigner investors are prone to getting their fingers burnt, because they are either in capital appreciation mode, or fail to take into account exchange rates and other local conditions, or fail to realize the importance of finding reputable property managers. You also need to remember that Americans have been equally active in local housing markets in other countries. Ask a Venetian …if you dare.

[Jazzman]

I’d think this is more to do with a bubble fever that is still gripping Canada. When local bubble markets reach saturation point, investors start looking further afield. When the bubble bursts, there’s a retreat. Foreigner investors are prone to getting their fingers burnt, because they are either in capital appreciation mode, or fail to take into account exchange rates and other local conditions, or fail to realize the importance of finding reputable property managers. You also need to remember that Americans have been equally active in local housing markets in other countries. Ask a Venetian …if you dare.

[Jazzman]

I’d think this is more to do with a bubble fever that is still gripping Canada. When local bubble markets reach saturation point, investors start looking further afield. When the bubble bursts, there’s a retreat. Foreigner investors are prone to getting their fingers burnt, because they are either in capital appreciation mode, or fail to take into account exchange rates and other local conditions, or fail to realize the importance of finding reputable property managers. You also need to remember that Americans have been equally active in local housing markets in other countries. Ask a Venetian …if you dare.

[Anonymous]

We are one of the leading estate agents offering property for sale in the Brockenhurst, Burley and Ringwood areas of the New Forest. Through our years of experience working in the New Forest property market, we understand the area better than anyone. Please browse our website for further details.
Estate Agents Brockenhurst

[Anonymous]

We are one of the leading estate agents offering property for sale in the Brockenhurst, Burley and Ringwood areas of the New Forest. Through our years of experience working in the New Forest property market, we understand the area better than anyone. Please browse our website for further details.
Estate Agents Brockenhurst

[Anonymous]

We are one of the leading estate agents offering property for sale in the Brockenhurst, Burley and Ringwood areas of the New Forest. Through our years of experience working in the New Forest property market, we understand the area better than anyone. Please browse our website for further details.
Estate Agents Brockenhurst

[Anonymous]

We are one of the leading estate agents offering property for sale in the Brockenhurst, Burley and Ringwood areas of the New Forest. Through our years of experience working in the New Forest property market, we understand the area better than anyone. Please browse our website for further details.
Estate Agents Brockenhurst

[Author]

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