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The Hartmann Report

CAN BANNING FOREIGN OWNERSHIP LOWER HOME PRICES?

The Hartmann Report

Thom Hartmann

News, Congress, America, Thom Hartmann, Climate Change, Democracy, Debate, Economics, The Hartmann Report

4.51.3K Ratings

🗓️ 7 January 2023

⏱️ 58 minutes

🧾️ Download transcript

Summary

Canada is banning foreign home ownership to stop foreign investors from raising housing prices. Should the United States do the same? Plus what is the real story of what the Secret Service agents were doing in the Biden's private quarters? And can dogs really perceive artifice in humans?

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Transcript

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0:42.8

This is the Tom Harbin program.

0:46.1

And greetings my friends, patriots, lovers of democracy, truth and justice,

0:51.0

believers in peace, freedom and the American way Tom Harbin here with you.

0:55.2

A ban on foreigners owning homes in Canada went into effect day before yesterday.

1:02.4

And the reason for this is something just in Trudeau, the Prime Minister campaigned on

1:07.7

winning ran for re-election in 2021.

1:11.3

And the reason why was because the cost of Canadian homes had just gone through the roof.

1:17.8

It was, it had gone from the average home in Canada had gone from 630 Canadian,

1:26.0

well actually instead of Canadian dollars, I'll do this in US dollars.

1:28.3

It had gone from $485,000 US dollars, which is a lot.

1:34.5

I mean, that's the neighborhood where it's actually a little above, I think,

1:38.7

what the median house price is here in Portland, or maybe it's a little lower.

1:44.0

Portland is around a half a million, but any whatever, to over $590,000 US dollars.

1:50.5

And one of the reasons why apparently was that a lot of foreigners were buying homes in Canada

1:56.3

as their investment homes or as their second homes or whatever.

...

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