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Property is bought by absentee owners who take supply out of the market, drive up prices, but do not contribute to the economy.

I've heard that said many times without any hard stats behind it. How many absentee purchasers would it take to drive prices up? What about the effects of low interest rates and everyone desiring to get in the market before it gets hotter? Everyone seems to be an expert on this, and I highly doubt that.




How do you expect there to be stats about this? You don't have to register somewhere that you're an absentee owner.




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