[misher]

Originally Posted by cov

Units are rented out or how much renters are willing to rent the unit for, not how much the owner bought it for. The money laundering talks are mostly nimby talking points who believe scapegoating minorities can slow developments in their neighborhoods. It might, to some extent, but it won't increase affordability for sure, nor is affordability their real concern.

In agreement here. Home prices and rents are only loosely related. Foreign buyers were likely decreasing rents.