4 ms·
When you sell stuff to foreign people that’s called exporting. Exports are good. They bring money from foreign countries to your country. So SF could stop expo
by jaredklewis 9y ago
When you sell stuff to foreign people that’s called exporting. Exports are good. They bring money from foreign countries to your country.
So SF could stop exporting with some sort of ban on foreign buyers. For what's it worth (not much), I think such a ban would have almost no effect, as unless the US bans all Chinese capital wholesale, all the same money can makes it way to SF real estate through less direct means.
Or we could fix our taxes and regulations. The current regime of taxes and regulations actively incentivize speculation, and penalize land use. We need tax revenue, might as well collect it in a way that discourages speculation.