Quote:
Originally Posted by The Yen Man
Maybe put a cap on how many properties someone can buy, or at least a time restriction before their next purchase. So maybe something like a person who bought one property can't buy another one for X number of months.
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Unfortunately this is impossible to do in the real world, given the inexpensive option of a foreigner using shell numbered companies to buy properties.
I think the right way to go is to have property title transfer tax on non residents (buy and sell) of something like 50%. Enough to stop turning our homes into the 21st century equivalent of swiss bank accounts.