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We've seen it happen in Canada, that Chinese investments in housing have exploded housing prices to the point of absolute unsustainability; and just a few weeks ago, New Zealand decided to ban foreigners (sans Singaporeans and Australians) from buying homes in a probably-too-late effort to cut into housing prices there where, in Auckland alone, 22% of houses were foreign-owned. Would it be a progressive and cool thing to ban foreign ownership of houses in the US too? I'm torn because it's a solution of "fuckin immigants i always knew it was immigants," but here's how I see the pros and cons: pros?: cuts down on chinese investment being able to artificially raise housing costs the IMF hates the New Zealand plan, so anything the IMF hates is usually good poo poo cons: could easily just be demagoguery the New Zealand party that's enacting it is the liberal party being a citizen might not be good enough to prove you're a citizen in era of trump, meaning a lot of Olivares families could get locked out of a home it's probably too fuckin late to fix this insanity american government is corrupt as gently caress so all this will really do is create a black cottage industry of money launderers that shelter chinese investment anyway Plan B: 斗地主 Fill me in on where I'm wrong or right. I'm genuinely curious what can of worms such a rule would do.
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Sep 20, 2018 06:11
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| # ? May 9, 2024 00:57 |
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