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| You see the same things happening in Cornwall in the UK, with rich Londoners buying up the cottages for holiday homes.
They should build more houses. | |
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Erm no they shouldn't build more homes. Cornwall's already a ghost town thanks to all the second home owners who turn up for 2 weeks of the year. Also one of the poorest areas of the UK.
Tax the second home owners that live in a property less than 3 months of the year that will solve it.
Alternatively use the Channel Islands model, x2 housing markets one for locals one for non locals. That soon sorts it out.
Non local at the estate agents. "I'd like to buy a house please, yes prices start at 1m GBP, where would you like to sign..."