That's only for foreigners, citizens can own multiple properties. Mate of mine owns about 4 houses and three businesses.Exactly, a good example is New Zealand who, last I heard passed a law to prevent foreigners buying houses, I believe they can still purchase land and build on it though.
America is very quiet on this issue, too quiet in my opinion. They refuse to engage with the ANC on EWC. I am sure, 100% sure, that the moment the constitution is changed, South Africa can expect actions such as being kicked out of AGOA and facing further trade restrictions. The moment the first property is taken without compensation and the owner complains, then sanctions will hit the country from around the globe, irrelevant of what May said, Russia or China said.
Pretty much so. Rather start building soon.I bought a stand in a quiet little town 6 years ago. Back then there was no tar roads or water pipes. Last year roads were laid out and water pipes. I've done nothing on the stand, keeping it for a small investment one day or to maybe build a house and retire there. So obvious this is also in scope to be taken ?
All of those things are aimed at foreign ownership. What you commented on, is someone who is a citizen in a country being prevented from owning land in the country because it is "speculative".France http://www.cohesion-territoires.gouv.fr/le-droit-au-logement-opposable-dalo
An example is the Australian Foreign Takeovers Act 1975, which restricts acquisitions by foreigners of urban land Earlier this century, various US West Coast states used land ownership restrictions to indirectly reduce immigration from the Far East.
Examples include Morocco where only Moroccans can own agricultural land, and a number of Canadian and US states that also restrict or forbid foreign ownership of farmland.
In some countries, the constitution imposes a total ban on foreign land ownership, such as Cambodia, which restricts the right to land ownership to Khmer citizens and Khmer legal entities (Article 44(1)). Bulgaria also provides an absolute prohibition, as even property acquisitions through legal inheritance must be transferred (Article 22(1)).
Basically many types of restrictions exist in many countries to limit speculation, foreign investments and for others reasons (food security, national security...).
France China Mozambique Bermuda, I think Singapore, British Columbia and Ontario have a 50% speculation tax.All of those things are aimed at foreign ownership. What you commented on, is someone who is a citizen in a country being prevented from owning land in the country because it is "speculative".
What what? How is someone buying land and doing what they want with it harming the rest of the population?France China Mozambique Bermuda, I think Singapore, British Columbia and Ontario have a 50% speculation tax.
I'm sure there are others.
Do you really want to defend your right to hold unproductive unused land to make a profit while harming the rest of the population? Don't get surprised if you're hanged at the first riot then...
There are ethical ways to make money with land other than holding it for pure speculative purposes...
By holding unused and unproductive land, you limit the amount of land available for productive purposes and mathematically increase land prices, travelling distances and other things.What what? How is someone buying land and doing what they want with it harming the rest of the population?
https://vancouversun.com/opinion/op-ed/neil-moody-speculation-tax-is-no-way-to-get-to-affordabilityFrance China Mozambique Bermuda, I think Singapore, British Columbia and Ontario have a 50% speculation tax.
Who determines if the land is unproductive? The wise masters in the government?Do you really want to defend your right to hold unproductive unused land to make a profit while harming the rest of the population? Don't get surprised if you're hanged at the first riot then...
Sure, the French (R180 000 average per sqm in Paris) and Chinese property markets have been deeply hurt...Who determines if the land is unproductive? The wise masters in the government?
You probably have some unproductive rooms in your house, I think, given that you are clearly a woke person that you should give up the ownership of those rooms to the less fortunate. You don't want to be hanged by the crowd now do you? I bet you have some unproductive CPU usage on your computer. The government should therefore install cryptocurrency mining software on your computer and hand those resources over to the poor as you clearly don't need those extra CPU cycles.
Threatening people who buy property for investment is simply retarded, and it ends up hurting the people it is intended to help.