Anyone Here?

[Asian Pride]

Foreign ownership is a problem because so many places sit empty which is actually bad for local economies.  There should be people in those buildings who are shopping in our stores, etc.  The issue is more in strata restrictions on rentals than who owns the place.  Vancouver already has a shitty rental situation which is due in part to foreign ownership.

This is false.  The Strata Act here in BC has been amended a few years ago (2010 I think?) regarding this.  A Strata can no longer disallow owners to rent out their units.

[Odinson]

A house/condo/forest is something material to tie your wealth on...

[Anonymous]

Foreign ownership is a problem because so many places sit empty which is actually bad for local economies.  There should be people in those buildings who are shopping in our stores, etc.  The issue is more in strata restrictions on rentals than who owns the place.  Vancouver already has a shitty rental situation which is due in part to foreign ownership.

This is false.  The Strata Act here in BC has been amended a few years ago (2010 I think?) regarding this.  A Strata can no longer disallow owners to rent out their units.

What a stupid rule to have in the first place. Here, it's up to the condo association. We own a condo up in Fort Mac and I would say at least a third of the units are rented out. It could be higher. Some condo regs forbid, but it happens anyway. However,non resident ownership is not all great. The mainland frenzy to buy land in Hong Kong has made home ownership well out of reach for nearly everyone except tycoons.

[Asian Pride]

No problem with 100 year mortgages!  The kids just take over the payments!



Maybe soon they'll implement 1,000 year mortgages!  

[Anonymous]

No problem with 100 year mortgages!  The kids just take over the payments!



Maybe soon they'll implement 1,000 year mortgages!  

Mainland money is paying cash for the economic security of Hong Kong.