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A comment on China Moves to Devalue Yuan. Parent comment

Re:China Moves to Devalue Yuan by Asbostos on Tuesday August 11, 2015 @09:49AM (#10041003)
What's wrong with paying rent to someone in another country? There's the argument that the money doesn't come back into the local economy, but in this case it clearly does - they bought the house by paying a local seller.
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Re:China Moves to Devalue Yuan by clavalle on Tuesday August 11, 2015 @10:12AM (#10041169)
Unless they bought it from a foreign investor.

There is something to be said for not having another country control property that one's citizens need to live. What if another country started buying up farmland, for example?

Beyond that they have no interest beyond financial to, say, keep things nice or affordable or to encourage sustainable growth or any of the other bonuses communities get when they have locals own property.

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Re:China Moves to Devalue Yuan by jpollock on Tuesday August 11, 2015 @11:01AM (#10041536)
Citizens (and occasionally residents) have ultimate control over the land, through control of taxation and regulation.
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Re:China Moves to Devalue Yuan by toomuchtodo on Tuesday August 11, 2015 @11:17AM (#10041678)
Only if said Citizens are keeping their government in check.
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