Usually this type of law is for realtors not the general public but like any linsane law written by a politician. ..people usually find a way around it.

There are still lots of politicians (including the Minister of Finance and PM) who are still preaching no pending real estate crises or, worst case, a soft landing ... however, fewer and fewer economists are certain.

Politicians limit supply.

Below are 5 pieces of information as to why I invest in Chicago despite its high property taxes, lousy weather and corrupt politicians.  1) Volume of Sales Have Has Been Increasing in the Past 5 Years  2) Inventory Has Been Declining in the Past 5 Years  3) Foreclosure Filings Has Been Declining Also in the Past 5 Years  4) The Increase in Home Sales, Decrease in Housing Inventory Are Backed by Resurgence of Employment in the Past 4 Years  5)  All of these mean that over the next few years, property prices in Chicago will INCREASE (based on reversion to the mean - see Case Schiller Index):The NOT So GoodI've decided to part ways with a JV partner on a rehab project.

I would hope that we can discuss government to some degree on this site, since our governments impact our business as investors (and notice that I never mentioned any political party or any specific politician).

I have asked lawyers, bankers, politicians how the DF act will work and none of them have a clue so how can an investor know how it will work.

The fate of America will depend on what the politicians decide to do regarding immigration policy here.

You're as bad as all the politicians you complain about -- you throw around untruths without doing any research.

I heard a quote from some european politician that said democracy is the worst until you compare it to all the other options.

Like a liberal politician or an abusive boyfriend, no matter what a person gives it can never be enough.