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Foreign investors buy US property because (a) they get a lot of dollars in exchange for all the TVs, cellphones and underpants we somehow cannot manufacture our
by AlexTWithBeard 8y ago
Foreign investors buy US property because (a) they get a lot of dollars in exchange for all the TVs, cellphones and underpants we somehow cannot manufacture ourselves and (b) US doesn't have much else to offer. US cars? They're "okay" at best. US electronics? Come on, when have you seen a piece of electronic made in the USA last time?
We should fight the cause, not the effect.
- bobthepanda 8y agoChinese people invest in property because they don’t have good experiences with their home financial markets, know-your-customer is a burden, and because it is hard to invest internationally. Everyone else is fine with stocks and bonds and funds and such. The rest of the world has been asking China to free capital markets for a long time, but there’s not much we can do if the Party doesn’t want to.
- anthony_barker 8y agoAlso in Canada there is 0% capital gains tax on your primary residence.