If it's not a trademarked word, registering a domain name is like investing in real estate.
Or is every property owner who doesn't live on that property a "dickhead" ?
Or is every property owner who doesn't live on that property a "dickhead" ?
In theory, that would allow rents extracted from the local economy by (presumably non-voting) absentee landlords to be recovered.
A straight ban on absentee ownership would simply lead to workaround legal arrangements, such as strawman purchasers who can then turn around and sign a 99-year "peppercorn" lease to the true buyers. You would be playing whack-a-mole with evasion tactics and corporate shell games.
If you just introduce an economic penalty, people would only evade/avoid to the extent that it produces a profitable bottom line. Rich people and foreigners could still buy up all the available local property, but they would at least have to pay to keep it unavailable to the local market.
Thailand, foreigners cannot own land, or houses, or villa's, etc. But you can own an apartment, because you own the apartment, but not the building or land.
If you want to own a villa, you have to be a lease hold where you pay a huge tax to a Thai company who owns the actual property and grants you the right to live in it.
So, houses in Thailand are affordable for Thai people.
Yet you take NZ, Aus, UK, America, where you can sit on a computer, press buy on a website, get your lawyer to send some money, and own a house and property without ever stepping foot in the country.
Western and now we can't afford to own a house in our own country without getting a 1.2m loan that costs us our life and prevents us from enjoying the money we work so hard for.
You don't mean renting out a property do you? Because that isn't divesting, that's highly profitable.