Dear Sir,Earlier this year the Bermuda Government revised the rules for foreigners purchasing homes in Bermuda. The threshold ARV was raised from $155, 000 to $176,000. Bermudian owners as well as foreign owners of properties exceeding the threshold can now sell to foreign buyersAlthough this change may have been well meaning, it was a value destroyer for any foreign-owned properties caught in the middle, above the old threshold, but below the new. In our own case, although we have been foreign owners since 1974, we can no longer seek another foreign buyer, nor can we leave the property to our family, because our ARV now falls very slightly below the new threshold. After having invested here in good faith, we should have been grandfathered.As foreign owners we bring Canadian money to Bermuda to maintain our house and our lifestyle, (taxes, maintenance, housekeeper, groundskeeper, pool, utilities, plumbers, electricians, painters etc). The list goes on. We support local clubs, a local church, many Island charities, retail merchants of every stripe, and many restaurants. We regularly entertain Canadian and US houseguests in our home.Bermuda should be bending over backwards to attract and cater to more people like us. Instead these new restrictions complicate our succession planning and make it more likely that we will move on. I think that Bermuda will be the loser.Bermuda should take a hard look at its home ownership policy as it affects foreigners. Entire neighbourhoods like Tucker’s Town should be available to offshore buyers. The ARV threshold should be lowered to 150,000, not raised. Believe it or not, there are many well-to-do people who cannot be bothered with the complexity of a mega house, but might enjoy owning here and they would certainly contribute to the Island.Bermuda would benefit from the business that we bring and the foreign exchange that it earns.LARRY MASLANDHamilton Parish