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If things are so great and looking up in China, why do Chinese millionaires send their kids and families to USA/Canada? Why do they buy up the majority of real
by readhn 10y ago
If things are so great and looking up in China, why do Chinese millionaires send their kids and families to USA/Canada? Why do they buy up the majority of real estate in New York, Boston, San Francisco, Vancouver, London?
- ArkyBeagle 10y agoWhen I've asked people from China why they put up with the hassle, the answer has been - they want their kids to be Americans. It's really pretty impressive. Buying real estate is a hedge strategy. You might as well; productive investment is treated shabbily ( in terms of returns) in this economy.
- readhn 10y agoSure money laundering and legalizing it in the USA etc by buying real estate in USA/Great Britain / Canada is the thing to do today. Pretty simple scheme thats being completely ignored by the FEDs today. They'd rather chase after some pathetic shoe bombers.
- ArkyBeagle 10y agoI think we should tax the ... fire out of them. Is that ...chauvinistic? SFAIK, I cannot buy land in Mexico at any price. They got burned and banned it.