Policy Proposal – Affordable Housing Regulations
Problem: The availability of affordable housing is in limited supply, causing the middle class families face potential homelessness.
Claim 1: The property business gets better after the financial crisis abates.
1. The selling price of homes skyrocketing again after numbers of local and foreign investors, especially from China, started purchasing properties in compelling quantity. “Middle class Chinese has spent over $28 billion on American homes through 2014.” english.cri.cn, January 6, 2016.
2. It is common for wealthy people owning multiple properties on top of their successful business endeavors, in addition of property buying by the corporations.
Supporting facts:
1. Chinese investors in property business become the major player in America, commercial and residential. “Chinese Investors Becomes Major Player On U.S. Real Estate Market”. The data from the State Department confirms the figure Chinese nationals accounted for about 85% of visa recipients in 2014 alone. english.cri.cn, January 6, 2016
2. Foreign investment is good for economic growth, but also becomes double-edged sword if there is no fair regulation that protects the livelihood of its market. One thing for sure about foreign investors is their sole purpose in business as others as …show more content…
One method is a regulation on the multiple property ownership to provide one unit of half-market-priced for every three units of residential ownership. That applies to each household that owning multiple units of residential as their sources of passive incomes or form of investment. For all family members in that household is considered as one household and the policy applies. Any member of the household cannot purchase a property or put any property under person’s name without affecting the bracket of this
Problem: The availability of affordable housing is in limited supply, causing the middle class families face potential homelessness.
Claim 1: The property business gets better after the financial crisis abates.
1. The selling price of homes skyrocketing again after numbers of local and foreign investors, especially from China, started purchasing properties in compelling quantity. “Middle class Chinese has spent over $28 billion on American homes through 2014.” english.cri.cn, January 6, 2016.
2. It is common for wealthy people owning multiple properties on top of their successful business endeavors, in addition of property buying by the corporations.
Supporting facts:
1. Chinese investors in property business become the major player in America, commercial and residential. “Chinese Investors Becomes Major Player On U.S. Real Estate Market”. The data from the State Department confirms the figure Chinese nationals accounted for about 85% of visa recipients in 2014 alone. english.cri.cn, January 6, 2016
2. Foreign investment is good for economic growth, but also becomes double-edged sword if there is no fair regulation that protects the livelihood of its market. One thing for sure about foreign investors is their sole purpose in business as others as …show more content…
One method is a regulation on the multiple property ownership to provide one unit of half-market-priced for every three units of residential ownership. That applies to each household that owning multiple units of residential as their sources of passive incomes or form of investment. For all family members in that household is considered as one household and the policy applies. Any member of the household cannot purchase a property or put any property under person’s name without affecting the bracket of this