They need to word these laws that owning residential property without living in them incurs a massive tax or is prohibited altogether. This is why housing for so out of control in parts of Canada like Vancouver.
this post was submitted on 18 Aug 2023
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Sureee but that would also apply to wealthy American "investors" and corps that buy property to rent out.
Good. It would be about time the rich actually paid their fair share in this country.
I’m all for implementing a bracketed system like income tax for entities that own X properties that dont live in them.
New Zealand has the same law. Their home prices were shooting through the roof.
Still are. Was never because of foreigners.
Is and always will be because people are greedy. How many properties does Luxon own again ?
Florida Man: He can't be wrong all the time, right?
A florida law I actually agree with. In my area, 40% of home purchasers are Chinese nationals looking to park their money outside if China. No American can afford to buy a home and they're using our houses like a piggy bank.
Same is happening in major Canadian cities too. Has completely destroyed the housing market. There’s other factors as well but that’s not helping at all.
Broken clock and all that
Florida has no place in deciding "national security issues" in who to sell property to near military bases. That is absolutely a federal prerogative. Federalist society Trump judge over-reach here. (Just so my politics don't get too confused though: I'm a socialist and would actually support taking this property from rent seeking landlords.)
That would be an excellent point if it were federally owned land
This isn't just regulating interstate commerce. It's regulating international commerce, based on countries that are a "threat" and centered around federal military land.
It's about not lettihg the housing market get wrecked any worse than it already is.
That's explicitly not what the law is about, nor what they're arguing to the judge. There's a reason why selling to Chinese nationals has a larger penalty and it's not to protect the housing market. The injunction should've been granted just because it creates real measurable harm due to racism, independent to the fact that it is a law that is blatantly out of Florida's scope.