Dallas housing socialism appears ready to come to Dallas if some get their way.
The City of Dallas is considering limiting property purchases within city limits and may seek state legislation also.
David Noguera, the Director of Dallas Housing said, “Canada restricts how many foreign investors can come into your market and buy up your real estate.”
Dallas Housing Socialism
Median prices on housing are up more than twenty percent in th Dallas/Fort Worth market over last year and there has been general sticker shock over the tax bills coming due.
Dallas Councilwoman Jaynie Schultz asked “are we working on a bigger policy regarding the scourge of investment buyers?”
Some are not sure this should be a city council priority.
Mark Fuentes, a local landlord, said “Dallas does not need to follow Canada on anything. We need police to respond to emergencies and city council members to follow their own ethics policy.”
“Why do they want to bring Canada’s socialism to Dallas,” he continued.
Dallas has a poor history of affordable housing issues in part because of repetitive corruptions trials where elected officials were getting rich off federal programs and bribes. These have led in some cases to today’s higher tax bills.
Fuentes said, “Dallas can’t even get its permit office to run properly. Why are they going to restrict how I make a living?”