Chinese real estate investment is responsible for a significant portion of the major cost of living increases in NYC and California
places that discourage building reasonably priced housing, but encourage foreigners to buy apartments and leave them empty, are knowingly fucking over their citizens for the prize of having their own real estate holding skyrocket in value
it's all one big scam, and the Chinese investors are often the least dishonest party involved (many of them just want hard assets overseas that the CCP can't really steal)
China has been buying up California real estate for the last 30 years.
Yeah Oregon too. Probably Washington as well.
lol where has this person been? It's pretty common knowledge.
Vietnam too.
Chinese real estate investment is responsible for a significant portion of the major cost of living increases in NYC and California
places that discourage building reasonably priced housing, but encourage foreigners to buy apartments and leave them empty, are knowingly fucking over their citizens for the prize of having their own real estate holding skyrocket in value
it's all one big scam, and the Chinese investors are often the least dishonest party involved (many of them just want hard assets overseas that the CCP can't really steal)
All that land should be seized and sold to Americans.
They have in many states. New York too.
It's what happened to the Vegas real estate market.