The big difference between the US and GB is how much more land there is in the US.
We can always build a new city.
GB is less than 10% urban. A lot less. You could build another city the size of Birmingham in GB and not notice. The problem GB has with land isn't not having enough; it's a regulatory problem of planning permission and associated issues.
Re:China Moves to Devalue Yuan
by toomuchtodo on Tuesday August 11, 2015 @11:44AM
(#10041905)
Its not where the land is. Its where the jobs are. Is everyone going to live in a tiny house in BFE Texas?
This wouldn't be as much of an issue if more companies embraced working remotely.
Re:China Moves to Devalue Yuan
by toomuchtodo on Tuesday August 11, 2015 @03:27PM
(#10043684)
Completely agree. It'll happen slowly. You already can see more companies willing to hire remote so you're not limited to candidates that fit your requirements within 0-50 miles of your office.
> It hurts the domestic home buyer, though, who has to compete with inflated all-cash offers from these foreign investors.
is much more hurtful then the benefits provided by foreign buyers paying taxes. If you don't believe me, look at London. Actual workers are pushed out by money launderers (yes, that is what they are).