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Comment by bitxbitxbitcoin | Hacker News Reader

This same story seems to be playing out anywhere that attracts it and allows it.

Unless you have really crappy weather, like here in Sweden :-p

What do you mean. Sweden has hugely inflated housing prices.

Tourists / foreigners buying houses i guess, although i predict that in the coming 10-20 years we'll be seeing mediterraneans escaping the summer heat in the north.

With global warming, the north is going to have the best weather in a few decades, maybe less.

You guys are going to have it all.

It will still be over half of the year, I don't thinking climate change will change that.

There are good arguments that foreigners should only be allowed to own real estate only in specific places and that citizenship should be by blood only for small countries - let's say under 100000 sq km and 50 million people. Too easy for them to be overtaken by global elite otherwise.

> There are good arguments that foreigners should only be allowed to own real estate only in specific places

What are the good arguments ?

Do you think the “global elite” is invading Portugal ?

The poorer part. The richer are busy fucking up London, New York and Vancouver and other desirable places.

> There are good arguments that foreigners should only be allowed to own real estate only in specific places

In the context of receiving visas, that's exactly what already happens in Portugal.

No. They can buy everywhere in Portugal. The idea is that you forbid them to buy near the desirable coast and force them into the heartland.

Citizenship-by-investment programs are dominated by small nations. Seems like smaller nations actually disproportionately favor absorbing richer foreigners.

The most extreme example is probably Comoros, which up until a few years ago you could become a citizen for $45k over-the-counter.

The US and Canada are no strangers to these schemes though.

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