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Holding cash is a losing strategy long term, plenty of money has already gone into real-estate. They can't expatriate their money, where else is it gonna go?
by placeybordeaux 11y ago
Holding cash is a losing strategy long term, plenty of money has already gone into real-estate. They can't expatriate their money, where else is it gonna go?
- e15ctr0n 11y agoThe Chinese are expatriating plenty of money; just ask anyone trying to buy a single family home on the US and Canada west coast. See http://www.nytimes.com/2015/11/29/business/international/chinese-cash-floods-us-real-estate-market.html http://www.nytimes.com/2015/11/29/business/international/chi... and its discussion https://news.ycombinator.com/item?id=10645768 https://news.ycombinator.com/item?id=10645768
- CyberDildonics 11y agoYou are talking about two different economic classes. It takes a few hundred thousand dollars to move immigrate to Canada and it takes more to be a housing speculator.