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When you talk about Chinese "investors", I think of high-wealth individuals who see real estate as a long term investment and/or occasional vacation home (e.g.
by nyc640 12y ago
When you talk about Chinese "investors", I think of high-wealth individuals who see real estate as a long term investment and/or occasional vacation home (e.g. Manhattan or London). Then the article goes on to present the strong Chinese cultural presence and good local schools as reasons why these individuals are buying real estate in the area. Those are things that immigrants care about, not investors. And if these are law-abiding Chinese immigrants buying homes in the Bay Area, so what? They have every right to it. Why are we promoting some new wave of fear about mega-rich Chinese people buying up all our houses when there's no evidence it's happening. Stop deflecting blame from the groups and organizations that could actually fix the housing situation.