Elections China now has nearly 30 percent of the world's billionaires

Need laws in the US like there are in nearly every other country that prevents foreigners from owning land. Even in China foreigners can buy one property only, after they have lived there and there are limits.
The US attracted people by offering land ownership. The nation have different origins.



A lot of the same folks who scream about housing prices and cost of living will say I am spreading anti Asian hate rhetoric when I bring up the causes and say we need to have crackdown on foreign buyers. It's fucking incredible watching them implode to cognitive dissonance
You hear people all the time talk about foreign investors and rising rent prices. China, Australians, Russians, etc.

Now, if you only focus on chinese buyers, that would seem strange.
 
The US attracted people by offering land ownership. The nation have different origins.



You hear people all the time talk about foreign investors and rising rent prices. China, Australians, Russians, etc.

Now, if you only focus on chinese buyers, that would seem strange.
I focus on Chinese buyers because they bought 30% of all real estate in one of the biggest Canadian cities and nobody else even comes close.

The shittiest 1 bedroom bachelor apartment style falling apart house in Vancouver was like $650000 5 years ago after their sweep in and take everything drove the market through the roof.

House prices went from.average $700000 in 2009 to 1.8 million in 2016 in Vancouver. It's retarded.

They also bought a significantly large portion of Toronto and set their sights on Montreal and halifax. The market similarly shot through the roof.

My neighbor bought his house for around $250000 in 2019 and just sold it for $360000 after doing no renovations. Houses are being sold the day they go on the market, with no inspection, and $50000 to $120000 over the asking price.

I'm lucky I have a house for years before this happened, but now people looking to buy their first house are fucked. It's almost all foreign buyers and citizens are in limbo.

We have a housing crisis. And an apartment crisis currently happening. Landlords are renovicting tenants so they can do a $200 floor reno and then change their rent from $1100 a month to $1700 a month.

We need a foreign buyers megatax or to prevent foreigners from purchasing real estate period. Canadians first. You have to live here and be a Canadian citizen to own land here.
 
What's the name of the totalitarian party in control of China?

Were you under the bizarre impression that there are no rich people under communism? Maria Chavez is worth like $5 billion, the Castro family are billionaires. Who the hell thought the people at the top live in the same shit conditions as the peasants?

What's the offical name of North Korea ? Is it a Democratic People's Republic ?

You guys on the right love to pull this shit, trying to claim the fascist CCP is communist , as if a name means anything. You pull the same shit with the Nazis, trying to claim they were socialists.
 
The US handed, or rather willingly surrendered, the keys to the kingdom to them. Spineless cowards.
 
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I focus on Chinese buyers because they bought 30% of all real estate in one of the biggest Canadian cities and nobody else even comes close.

The shittiest 1 bedroom bachelor apartment style falling apart house in Vancouver was like $650000 5 years ago after their sweep in and take everything drove the market through the roof.

House prices went from.average $700000 in 2009 to 1.8 million in 2016 in Vancouver. It's retarded.

They also bought a significantly large portion of Toronto and set their sights on Montreal and halifax. The market similarly shot through the roof.

My neighbor bought his house for around $250000 in 2019 and just sold it for $360000 after doing no renovations. Houses are being sold the day they go on the market, with no inspection, and $50000 to $120000 over the asking price.

I'm lucky I have a house for years before this happened, but now people looking to buy their first house are fucked. It's almost all foreign buyers and citizens are in limbo.

We have a housing crisis. And an apartment crisis currently happening. Landlords are renovicting tenants so they can do a $200 floor reno and then change their rent from $1100 a month to $1700 a month.

We need a foreign buyers megatax or to prevent foreigners from purchasing real estate period. Canadians first. You have to live here and be a Canadian citizen to own land here.
I live in NYC, foreign investors, gentrification, etc is very big issue here. Median home in BK is just under $1 million. Many of these homes were bought by Bus Drivers, Nurses, Postal Workers, Teachers, until recently.

I focus on it all though.
 
What's the offical name of North Korea ? Is it a Democratic People's Republic ?

You guys on the right love to pull this shit, trying to claim the fascist CCP is communist , as if a name means anything. You pull the same shit with the Nazis, trying to claim they were socialists.
Lol, so it's not real communism? Really dug deep into the playbook for that one.

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I focus on Chinese buyers because they bought 30% of all real estate in one of the biggest Canadian cities and nobody else even comes close.

The shittiest 1 bedroom bachelor apartment style falling apart house in Vancouver was like $650000 5 years ago after their sweep in and take everything drove the market through the roof.

House prices went from.average $700000 in 2009 to 1.8 million in 2016 in Vancouver. It's retarded.

They also bought a significantly large portion of Toronto and set their sights on Montreal and halifax. The market similarly shot through the roof.

My neighbor bought his house for around $250000 in 2019 and just sold it for $360000 after doing no renovations. Houses are being sold the day they go on the market, with no inspection, and $50000 to $120000 over the asking price.

I'm lucky I have a house for years before this happened, but now people looking to buy their first house are fucked. It's almost all foreign buyers and citizens are in limbo.

We have a housing crisis. And an apartment crisis currently happening. Landlords are renovicting tenants so they can do a $200 floor reno and then change their rent from $1100 a month to $1700 a month.

We need a foreign buyers megatax or to prevent foreigners from purchasing real estate period. Canadians first. You have to live here and be a Canadian citizen to own land here.

I'm tempted to sell because as you say I can probably get an extra 100K right now. Obvious problem is that this exists in all transactions now so any profit gets dumped in your next purchase anyway. Clown world.
 
I'm tempted to sell because as you say I can probably get an extra 100K right now. Obvious problem is that this exists in all transactions now so any profit gets dumped in your next purchase anyway. Clown world.
Assets like a house are one of the few things that will float the wave of inflation.

I considered downsizing and putting in some work on a fixer upper, but the price of lumber and general home depot items are 6x what it was a year ago and would eat any profit
 
What's the offical name of North Korea ? Is it a Democratic People's Republic ?

You guys on the right love to pull this shit, trying to claim the fascist CCP is communist , as if a name means anything. You pull the same shit with the Nazis, trying to claim they were socialists.
The CCP just potentiated to what communism always becomes.
 
When future students read about the fall of America they'll realize it was from our poor treatment of billionaires
Only if theyre retarded and dont take into account the previous 30 years. We had a democratic republic, had. Now we are trying to beat china at their own game and we are a step behind and not built for it. The destruction of this country was letting the billonaires gain all the influence and then letting them pout about being "treated poorly" as they abuse their people. What im saying is, your breathe smells like boots.
 
Just a heads up not to forget Putin is worth between 150 billion to 300 billion depending on who you hear from that he is covering up and has a yacht in Greece that is worth 240 million dollars. How do they know it belongs to Putin it has Russian Police guarding it as well as what they believe are undercover Russian military. Reason why only 240 million it is big but does not draw as much attention as the 400 million monsters in the harbor. Apparently he bought it through a Ukraine broker and made great efforts covering up his connection to the ship.

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In Canada we desperately need to curb the foreign investors. They're making home ownership on both coasts impossible for many Canadians. Doesn't make sense that we have to pay rent to people in China because it's incredibly difficult to buy the homes ourselves due to the foreign buyers jacking up the prices.
 
It’s just free money for us, I don’t see the outrage.

They pay inflated prices for stuff because they have such little faith in their own countries. A competent Chinese billionaire today may be knocked off at no fault of his own simply because he fell out of favor.
Yes, it's free money or unrealized wealth to home owners but it destroys the lower middle class and poor. My house is up an insane amount since the 3 years I bought it (after tripling up on my previous home) and if I sold I would have to leave CA to realize any benefit or quality of life improvement. Having these cash offers from China flood the market and drive everything through the roof will not end well...
 
Yes, it's free money or unrealized wealth to home owners but it destroys the lower middle class and poor. My house is up an insane amount since the 3 years I bought it (after tripling up on my previous home) and if I sold I would have to leave CA to realize any benefit or quality of life improvement. Having these cash offers from China flood the market and drive everything through the roof will not end well...
The primary problem in California is not the Chinese but all the vested interests that prohibit new housing from being built. Whether they are environmentalists or a collection of rich fucks who don’t want to change the “character” of their neighborhood.
 
The primary problem in California is not the Chinese but all the vested interests that prohibit new housing from being built. Whether they are environmentalists or a collection of rich fucks who don’t want to change the “character” of their neighborhood.
That’s one part no doubt. It’s a matter of time before the leftists in charge push more section 8 in the suburbs and destroy everything.
 
China has outpaced the US to become the first country in the world with more than 1,000 billionaires, according to the newly released 2021 Hurun Global Rich List.
 
And in canada.

Chinese own 30% of some Canadian cities houses. Drove prices into the sky

This. Chinese buyers ruined Toronto and Vancouver.

I own two condos, thankfully, but combined they are about 1500 square feet.

if I don’t get filthy rich soon me and my kid will die in these boxes.

Because of the government that sold us out.
 

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