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Offshore speculators don't care about communities

To the editor: Thank you for your excellent column on the dysfunctional housing market in Â鶹´«Ã½Ó³»­and what needs to be done about it. We should follow the lead of Australia and restrict foreign ownership. We have lost our community.
Â鶹´«Ã½Ó³»­Courier Staff

To the editor:

Thank you for your excellent column on the dysfunctional housing market in Â鶹´«Ã½Ó³»­and what needs to be done about it.

We should follow the lead of Australia and restrict foreign ownership. We have lost our community. Too many houses are vacant, waiting to be torn down or simply providing safe investments with no one living there. The mature landscape is sent to the landfill to provide more space for the house or decks etc.

The offshore property speculators and developers have no interest in preserving the community, but only to park their money and return to their home country.

Sarah McLoughlin, Vancouver

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