Housing

I am committed to addressing the critical issue of housing affordability and accessibility. One significant aspect of my approach is the implementation of stringent policies that restrict corporate ownership of housing. Corporations, particularly large investment entities, often purchase residential properties en masse, treating these homes primarily as vehicles for substantial financial returns. This practice can lead to a number of community issues, including inflated real estate prices, reduced housing availability for actual residents, and destabilization of community cohesion. By limiting corporate ownership, we ensure that homes serve their primary purpose: providing a place for people to live. This policy will help stabilize housing markets and make housing more affordable, maintaining the integrity and vibrancy of communities.



Additionally, I advocate for a ban on foreign ownership of residential properties that are used solely as safe havens for wealth accumulation. This practice, often termed as speculative buying, involves foreign investors purchasing homes not to reside in, but to store wealth, which can significantly inflate housing prices. Such speculative investment makes it difficult, if not impossible, for local residents to afford homes in their own neighborhoods, exacerbating the housing crisis and contributing to social inequality.


This policy is designed to curb these speculative activities, thus preventing the runaway inflation of housing prices fueled by foreign capital. By restricting this kind of investment, we aim to create a more equitable housing market where homes are more accessible and affordable for the local population. This, in turn, contributes to the overall stabilization of our communities and supports the economic well-being of our citizens.