Dutch cities want to ban property investors in all neighborhoods
1–10 of 598 posts
Re: Dutch cities want to ban property investors in all neighborhoods
#2why not banning foreign buyers first. then corporations. homes should be for the people. it should be cheaper to acquire a home u live in than an home u buy to speculate/rent. And the difference should be way higher than a few % tax more
Re: Dutch cities want to ban property investors in all neighborhoods
#3I've been looking at buying a bigger home than the current one I own. It's near impossible as prices keep on going up. Very disapppinted that cities have to arrange this - it means that some cities won't yet introduce anything.
I can already see investors swooping into those markets without the ban... i.e. Haarlem where I live will be among them.
Re: Dutch cities want to ban property investors in all neighborhoods
#4This is the only right way to deal with greed. Enough is enough.
Re: Dutch cities want to ban property investors in all neighborhoods
#5why not banning foreign buyers first. then corporations. homes should be for the people. it should be cheaper to acquire a home u live in than an home u buy to speculate/rent. And the difference should be way higher than a few % tax more
It seems there intent is to reduce the number of people who buy property just for investments, and then potentially sit on empty property waiting for opportunities. Banning foreign buyers would just do that, banning foreign buyers, which does not seem to be their intent. Even Dutch people buy property and just sit on it, like what happens in other countries as well.
Not sure how focusing on if someone is Dutch or not will help the situation, compared to banning speculative property investment as a whole instead.
Re: Dutch cities want to ban property investors in all neighborhoods
#6The only way to make housing affordable is to end property investing.
Re: Dutch cities want to ban property investors in all neighborhoods
#7Do I understand correctly that they want to kick out all the students from the cities?
When I was studying in Groningen I had to look for places to rent out of the city.
Some students were camping in tents in front of the campus.
Here is a photo from another city, Tilburg:
https://www.dutchnews.nl/wpcms/wp-content/uploads/2019/09/st...
Some academic staff were even taking them in due to shortage of places to rent.
I managed to rent a very nice place in Bedum, a village 13 km from the university campus, and I was commuting every day on bike.
Re: Dutch cities want to ban property investors in all neighborhoods
#8I've been looking at buying a bigger home than the current one I own. It's near impossible as prices keep on going up. Very disapppinted that cities have to arrange this - it means that some cities won't yet introduce anything. I can already see investors swooping into those markets without the ban... i.e. Haarlem where I live will be among them.
We'd need to look at demand versus supply, including new builds before we can point the finger at "investors", which may be convenient but not necessarily useful.
Ultimately, market forces are what they are. If demand exceeds supply then some people will always miss out.
There is also the problem of the amount of liquidity available. Since 2008 and even more since Covid mountains of cash have been created at zero interest rate and that partly explains assets' price inflation.
Let's also not forget that many people cannot afford to buy, and don't want to for whatever reason, so decimating the private letting sector is not great, either, and will only cause rents to skyrocket.
Re: Dutch cities want to ban property investors in all neighborhoods
#9The only way to make housing affordable is to end property investing.
New Zealand had a stock market crash in the ’80s which is frequently blamed for the aversion New Zealanders have to shares and the love of property investment.
We have a truely terrible housing stock (cold, damp and poorly maintained) and in the largest city, Auckland, the average house price is 20x the average wage.
People claim it’s untenable but the rise in values has been utterly relentless.
Re: Dutch cities want to ban property investors in all neighborhoods
#10So long as homes are considered an asset class governments are compelled to protect their value and help increase that value.
This is a small step to decoupling property from investing but I think a great start.