Dirty money

Whytehawk poses an interesting question:

Foreign tourists arriving in South Africa in 2010 will (all going well) see nice new roads and sparkling stadiums overwhelming nearby buildings and clearly very expensive. They will (crime aside) hopefully have a very nice time. All starry-eyed they may pull out their chequebooks and offer to invest.

But what will they buy?

After all, we can’t have foreigners driving up property prices, can we? Nevermind the people who actually own assets and might want their values driven up by competition. What about the poor masses who need cheap holiday homes? Hey, I have an idea: ban everyone from paying anything for property. That’d make South African property accessible to anyone!