>>718703841
>Capital Gains Tax: If a property is sold within five years of purchase, a capital gains tax of approximately 5% may apply, which can affect investors flipping multiple properties
>Transaction Costs: Buying multiple properties incurs additional costs, such as transfer taxes (3-5%) and stamp duty (0.05%), which add up for multiple transactions

https://www.youtube.com/watch?v=2Wnsi7KXun0

In the US, there are no financial penalties for owning multiple homes. So you can wealthy Indians buying up thousands of homes and renting it to Americans for profit. Or Blackrock doing it with millions of homes.

In China, it's prohibitively expensive to own multiple homes, and the more homes you own, the more financial penalties you incur.

Why don't more countries adopt penalties for owning multiple homes? A person should not need more than 3.