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You can have both, it just requires so much open zoning and building that you can satisfy international and local demand.

International real estate can be a boom, if someone in China owns an apartment in Vancouver, everyone else is free riding on their property taxes. They are paying for busses they never use, park maintenance on parks they never visit, fire/police/medical emergency services he never calls. This would be great if Vancouver built enough to let everyone who wants to be there be there




The end game of an international real estate market like this is empty communities and urban sprawl.




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