2 ms·
Makes sense A lot of Chinese nationals are buying property in the states and Canada in order to accomplish the same thing I wonder how this kind of cash parki
by cgb223 9y ago
Makes sense
A lot of Chinese nationals are buying property in the states and Canada in order to accomplish the same thing
I wonder how this kind of cash parking affects property values?
- sulam 9y agoYou wonder? It's easy to guess. They go up. A lot. But you don't have to guess, just look at property values for anything at all nice in Vancouver. Practically the whole city could not afford to buy a house there on their current income.
- ikeyany 9y ago> I wonder how this kind of cash parking affects property values? Go look at housing prices in every city on the west coast.
- minikomi 9y agoIs it possible to create "real estate" which is basically geared towards this kind of thing? Eg. a large vertical block of tiny, tiny rooms which are just good enough to be livable, but with extremely expensive components.. designed to be parked and traded and never lived in.
- hkmurakami 9y agoSuch highrises seem to exist in china. (Refer to their real estate speculation bubble)