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It would be funny though, if you were trying to say that Chinese foreign ownership isn't a problem in places in the world, because I mean, it's absolutely smash
by bamboozled 4y ago
It would be funny though, if you were trying to say that Chinese foreign ownership isn't a problem in places in the world, because I mean, it's absolutely smashed Sydney's housing prices.
Not saying there's anything "wrong" with any ethnic group, but there are sources of money in this world and some are particularly more present than others.
I don't know why but I'd say Chinese foreign ownership is much lower in the USA than in Australia, parts of Asia. Either way, I'd say 4% is still a pretty large part of American real estate ?
- fatbird 4y agoYeah, I wasn't fully clear. I'm talking about Canada, where Chinese investment is only 4%, contrary to perception that "Chinese money" is the source of our troubles. 4% is still a significant impact, but it's pretty much pure racism that singles out the Chinese as the primary driver.
- seanmcdirmid 4y agoAren't Chinese investments relatively restricted to Vancouver and Toronto areas? If that 4% is focused, it could have huge impact in those areas.
- mixmastamyk 4y agoOne third of Vancouver according to this post: https://news.ycombinator.com/item?id=34226812 https://news.ycombinator.com/item?id=34226812