Over here foreign investors are banned from buying property, they can only build property. Unless you send your kid to uni here, then it’s all fine apparently
And if we in the US tried banning foreign investors buying houses we’d be called racists. It needs to be done. I’m tired on not being able to afford anything where I live
Domestic corporations outpace them by quite a bit. Even if you only look at foreigners, China only accounts for 13% with Mexico at 11% and Canada at 10%.
We should aim to ban everyone from doing this. If no one, domestic or foreign, can abuse of the housing industry, the problem goes away.
If only China is banned from doing so, the vacuum gets filled in the space of a day and the problem persists.
Op has right idea but terrible phrasing. Sounds racist (well, xenophobic) and I actually started trying to type a (tongue-in-cheek) racist response, but I couldn’t get the tongue-and-cheekiness strong enough to be clear I was mocking it.
yeah someone needs to stop the Chinese from buying up residential property everywhere
Over here foreign investors are banned from buying property, they can only build property. Unless you send your kid to uni here, then it’s all fine apparently
And if we in the US tried banning foreign investors buying houses we’d be called racists. It needs to be done. I’m tired on not being able to afford anything where I live
Oh don’t worry we still can’t afford anything. Median house prices are over a million dollars AUD and in terrible condition.
If only there were some sort of governing body that could regulate things like that…
Yes, we should ban foreign investors. Especially the US companies that want to profit from our housing scarcity.
No one should be able to, regardless of where they come from. China is a scapegoat.
Not a scapegoat but the current largest offender.
Domestic corporations outpace them by quite a bit. Even if you only look at foreigners, China only accounts for 13% with Mexico at 11% and Canada at 10%.
We should aim to ban everyone from doing this. If no one, domestic or foreign, can abuse of the housing industry, the problem goes away.
If only China is banned from doing so, the vacuum gets filled in the space of a day and the problem persists.
Op has right idea but terrible phrasing. Sounds racist (well, xenophobic) and I actually started trying to type a (tongue-in-cheek) racist response, but I couldn’t get the tongue-and-cheekiness strong enough to be clear I was mocking it.