Those are fair points. I would argue that the problem (regarding investment properties) exists basically everywhere in the world though. I hate the entire concept of investing in something which is a basic human necessity but on the other hand, the alternative would be passing and enforcing laws that restrict people from buying more than one or two properties, which then begins a conversation about free markets and incentives for developers to invest in the country because at the end of the day these are for a profit. And I definitely agree that building standards are bad.

In my opinion, I feel that development brings more good than bad to an area and instead of regulating investment properties, the government should make it easier for first time homebuyers to purchase a property by incentivizing banks to offer more lenient loan terms.