• dan@upvote.au
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    4 months ago

    tamper foreigners buying up houses too

    Who do you consider a foreigner though?

    • Foreign citizen living outside the USA
    • Foreign citizen living in the USA, with temporary residency (eg a work visa)
    • Foreign citizen living in the USA, with permanent residency
    • US citizen with dual citizenship, permanently living overseas, buying property remotely for renting out

    The first case is clear, but the others less so. A foreign citizen living in the USA to live in is a better scenario than a US citizen permanently living in another country buying a bunch of houses just to rent them out.

    • HootinNHollerin@lemmy.world
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      4 months ago

      It should be reciprocal IMO for each country. The ones I’ve looked at buying in I couldn’t because I’m not a citizen

    • BallsandBayonets@lemmings.world
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      4 months ago

      All those cases are clear. Is a person (not a corporation) buying a residence to live in, that is be physically present in for a minimum of 70% of the year? If so, they can buy. If not, they can’t buy. I’d rather a million unauthorized immigrants buying houses they live in than one overseas corporate entity buying a house to rent out.