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Taxes On Foreign Real Estate Buyers: Good Or Bad Idea?

Discussion in 'General Chat' started by Andy_Button, Oct 15, 2016.

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  1. #1
    So it looks like the city of Vancouver is now taxing foreign real estate buyers.

    The idea is that real estate is very expensive in the city (it's among the most expensive places to buy a house in the world), so they are clamping down on foreign buyers by taxing them.

    What do you think about this?

    Is it a good idea?

    Should other cities like NYC and SF that have expensive real estate consider doing it?

    Or is this just more government overreach?
     
    Andy_Button, Oct 15, 2016 IP
  2. Andy_Button

    Andy_Button Greenhorn

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    #2
    Article about this, argues that it will hurt the city.

    http://www.onepercentguys.ca/toronto-real-estate-blog-by-andrew-doumont/
     
    Andy_Button, Oct 15, 2016 IP