Fed has a duty to stop this rapidly forming bubble

piezoe said:
Canada, I think it was last year maybe, passed legislation restricting the sale of real estate to other than citizens or permanent residents. A lot of money from the wealthy in the Middle Eastern absolute monarchies and other non-democratic countries, e.g., Saudi Arabia, UAE, China Russia, etc., has been flowing into prime real estate in the Western democracies. Naturally this is one contributor to higher real estate prices and rents in certain areas. The remedy would be to do what Canada has done. Of course this isn't the only cause of rising real estate prices.
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Canada, canada, canada, how may times I have to repeat myself. Canadians are the largest foreign buyers in US real estate market, residential, hospitality and commercials. But they don't make headlines because they don't go with the high profile deals.
 
mervyn said:
Canada, canada, canada, how may times I have to repeat myself. Canadians are the largest foreign buyers in US real estate market, residential, hospitality and commercials. But they don't make headlines because they don't go with the high profile deals.
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That doesn't change the fact that Canada has legislation that discourages foreign buyers.
 
deaddog said:
LOL!
An easy definition is anyone who isn't a Canadian citizen. What is racist about that?
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LOL that sounds like it favors the Canadian race:D:D Both of these maybe be a crude method of border control.
Maybe not the best policy nor was the US tariff that favored American race of timber.
I dont think higher taxes are ever good , even if its not racist.
 
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