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Saw this story on Reddit world news.
- Some of the largest muncipalities in the Netherlands , like Amsterdam and Utrecht, plan to bar investors from buying cheap and middle priced homes to rent out.
- The reason is to keep housing affordable. Last year 1/3rd of all houses in the 4 largest cities was bought by investors.
The large municipalities in the Netherlands plan to make wide use of a legislative amendment that will allow them to designate neighborhoods where investors won't be allowed to buy cheap and medium-priced homes and rent them out, NOS found after surveying the municipalities.
This legislative amendment is expected to take effect on January 1. The intention is to give people looking for a home a better chance of finding one on the tight Dutch housing market. Last year, a third of all homes sold in the four large cities were bought by investors.
Amsterdam told NOS that if it can, it will use this purchase protection for the entire municipality. Utrecht said the same. "Especially because we want to prevent a waterbed effect," a spokesperson said, referring to investors targeting more expensive homes if they can no longer buy those in the lower segments.
https://nltimes.nl/2021/09/02/dutch-cities-want-ban-property-investors-neighborhoods
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Seems on the surface like a good idea. Places like Vancouver B.C. and some areas of the US could benefit from such laws. But people will claim this is infringing on rights and socialism. Kinda on the fence myself. It does infringe on free enterprise to a degree, but some kind of action needs to be taken regarding the absurdly expensive cost of housing in some metropolitan areas.
- Some of the largest muncipalities in the Netherlands , like Amsterdam and Utrecht, plan to bar investors from buying cheap and middle priced homes to rent out.
- The reason is to keep housing affordable. Last year 1/3rd of all houses in the 4 largest cities was bought by investors.
The large municipalities in the Netherlands plan to make wide use of a legislative amendment that will allow them to designate neighborhoods where investors won't be allowed to buy cheap and medium-priced homes and rent them out, NOS found after surveying the municipalities.
This legislative amendment is expected to take effect on January 1. The intention is to give people looking for a home a better chance of finding one on the tight Dutch housing market. Last year, a third of all homes sold in the four large cities were bought by investors.
Amsterdam told NOS that if it can, it will use this purchase protection for the entire municipality. Utrecht said the same. "Especially because we want to prevent a waterbed effect," a spokesperson said, referring to investors targeting more expensive homes if they can no longer buy those in the lower segments.
https://nltimes.nl/2021/09/02/dutch-cities-want-ban-property-investors-neighborhoods
----
Seems on the surface like a good idea. Places like Vancouver B.C. and some areas of the US could benefit from such laws. But people will claim this is infringing on rights and socialism. Kinda on the fence myself. It does infringe on free enterprise to a degree, but some kind of action needs to be taken regarding the absurdly expensive cost of housing in some metropolitan areas.
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