Nothing. That's not what's happening though. In a lot of places people buy houses and don't even bother renting them out. So not only buying prices are increasing, but renting prices are increasing too, because there is a group of people choking the supply for own financial gain.
>>Who cares who's buying it?
Well, that's certainly one way of looking at it, but another is that as a society we might want to take a step back and think what do we want out of our cities - if we collectively want affordable housing that people who live in a city can use, then allowing foreign investement funds to buy houses and then not live them is probably a bad idea.
>>Who cares who's buying it?
Well, that's certainly one way of looking at it, but another is that as a society we might want to take a step back and think what do we want out of our cities - if we collectively want affordable housing that people who live in a city can use, then allowing foreign investement funds to buy houses and then not live them is probably a bad idea.