Quote:
Originally Posted by amorak
Sorry, I meant on rental homes / 2nd homes. I didn't mean the entire market. I was speaking with respect to the bubbled due to many people buying income-generating properties, be they rentals or flips. They have been one of the main drivers for this bubble, in my humble opinion.
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I would say it's more to prevent a bubble, than to bring the "end" of the bubble.
It's a good thing, will keep investment properties under control and also bring in stronger qualification requirements primary buyers as well.
Welcome changes IMO, and should actually strengthen the Real Estate market, not destroy it.
Most investors are putting over 20% down now anyway.