- Apr 22, 2007
- Reaction score
For a few reasons. First of all because many of them contribute to our country and economy and we should avoid measures that would dissuade them from coming. Even if they don't stay forever, they are valuable while they are here. It also strikes me as unfair since these people are not speculators but are living in the units while they work or study here.
It's not a matter of fairness - it's a matter of taxation on the basis of citizenship. Besides, the inability to moderate out of control prices and the negative impact from any subsequent "pop" of the bubble is a greater overriding threat. It is our banking system, our mortage holders etc that will be negatively affected.