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Foreign investment is certainly a factor as much as the NIMBY-ism of the Bay Area. But people would still be griping about outside money if it were New York inv
by teej 9y ago
Foreign investment is certainly a factor as much as the NIMBY-ism of the Bay Area. But people would still be griping about outside money if it were New York investors buying homes and leaving them empty. But it’s not.
Just because the outside investment is Chinese doesn’t make someone xenophobic.
- nerfhammer 9y agoIt's entirely the NIMBYism because without that the supposed foreign real estate speculation would be almost completely pointless. It is xenophobia and that's bad because it trains the reflex to waste time on stupid, lazy, self-satisfying thought blaming greedy, scheming outsiders instead of trying to think of any sane practicable solution.