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I suppose the difference is if the person actually lives in and contributes to the community or not. Many properties bought by Asians and Russians in tier 1 we

I suppose the difference is if the person actually lives in and contributes to the community or not. Many properties bought by Asians and Russians in tier 1 western cities (London and Toronto are the obvious examples) are not even lived in; they are simply places to store wealth since the home regime isn't trusted.

ChuckNorris89 4y ago
And what exactly would be the added benefit to the locals if those millionaires would actually live there? That now there are consumers in the area willing to spend $10 on a latte instead of the usual $2? Congrats. Now local consumer prices will increase even more.