>

Pfff that was mostly a good time good place. I have my share of "if only I knew it" lol
Non-Residents meaning banks and investors? All these people buying up houses and pushing people out need a daily kick in the teeth. >

it became a real issue; lots of chinese buying houses that are just sitting there empty. Same goes for condos. A friend of mine is a realtor and even he stated that things must change because long term itll be catastrophic for some cities. He actually once sold 12 out of 20 apartments blocks to someone that paid cash (no bank financing). Those are still empty 2y later. >

I’m in North Carolina and there are three houses within a block from me that were bought two years ago and empty and don’t have for sale signs in front. It’s definitely worrisome and infuriating. >

It literally destroys communities. Can't have communities if there's no people.
In Vancouver (Canada) it got so out of hand it got crazy. I saw stats not so long time ago and only 4% were Canadian buyers for properties over 600k. 
You get shit for under 600k in Vancouver. I have friends living there and it was literally impossible to buy a house there. Both are working with 100k+ salaries. I was like: "WTF?!" !! >

It would be interesting to see how much dirty money Vancouver and BC politicians have taken for throwing their countrymen under the bus. >

Canada pretends there are no trusts or legal entities set up to skirt this. I hope this country  will do it better >

This is the best tl;dr I could make, original reduced by 80%. (I'm a bot)


Officials on Spain's Balearic Islands want to ban non-residents from buying property as soaring prices in Mallorca, Menorca and Ibiza drive local people out and create "Ghost villages" of empty homes.
Juan Pedro Yllanes, the Balearic vice-president, said earlier this month that "We should follow Canada's example" and has asked the Spanish government to put pressure on the European Union to allow the islands to impose a similar ban.
The estate agent Engel & Völkers is offering a "Cosy" two-bedroom house in the village for €1.6m. As well as being among the most expensive, foreign property purchases on the Balearic Islands far exceed the rest of Spain.


Extended Summary | FAQ | Feedback | Top keywords: property^#1 Islands^#2 home^#3 village^#4 Balearic^#5 >

Definitely noticed a switch here in Canada. I just completed an acquisition and could lower the price significantly compared to what is was before december. 5.40% financing definitely helped. Banks are waaay more chill with financing now. Whole market got chilled.
I made an offer on said building -40k on asked price and was refused in nov. I made another offer -90k in December and it got accepted on dec 17th. I stated it was my only and final offer in 2022. My next one in jan 2023 will be -140k hehe
I actually learned that realtor halved his commission to convince owner to sell. I laughed my ass off. I still remember his reaction on my dec offer lol >

You are my hero.
Please do share more of your bargaining wisdom with other like-minded Redditors!