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A comment on Secondary shops flooded with unicorn sellers. Parent comment

Re:Secondary shops flooded with unicorn sellers by sry_only_anon on Friday February 19, 2016 @09:10PM (#11138319)
In places like SV and Vancouver housing prices are not strongly connected to the economic reach of the median person.

China has a middle class as big as the entire US, and a huge number of millionaires in USD, and an unstable, opaque state-run economy, so huge numbers of rich Chinese are buying real estate abroad to protect their wealth and to give their kids a life in the US.

I would be happy to see a movement to keep Chinese money out of the U.S. housing market, at least in places like SV.

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Re:Secondary shops flooded with unicorn sellers by eru on Saturday February 20, 2016 @12:25AM (#11139018)
Why? If foreigners want to buy stuff, we call that exports. Just produce more of the stuff they want to buy. Ie build more apartments (= higher houses) in SV.
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Re:Secondary shops flooded with unicorn sellers by nickgrosvenor on Saturday February 20, 2016 @12:45AM (#11139072)
It doesn't work like that with housing, it's not a widget, it's fixed (to some degree)
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Re:Secondary shops flooded with unicorn sellers by eru on Saturday February 20, 2016 @02:28AM (#11139268)
Why? Especially SV has lots of tiny bungalows were you could build skyscrapers.
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Re:Secondary shops flooded with unicorn sellers by KannO on Saturday February 20, 2016 @07:06AM (#11139782)
Mostly local red tape, zoning laws, and NIMBYism
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Re:Secondary shops flooded with unicorn sellers by eru on Saturday February 20, 2016 @08:49AM (#11140009)
Yes. And that's the problem. Not the foreigners.
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Re:Secondary shops flooded with unicorn sellers by TheLogothete on Saturday February 20, 2016 @05:45AM (#11139651)
China has 300 million people middle class? Do you stop for a moment to listen to yourself? Middle class where? In China, earning $500/month?
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Re:Secondary shops flooded with unicorn sellers by manigandham on Sunday February 21, 2016 @03:09AM (#11143765)
Why not just find a source to better explain numbers?

You're right it's not that big but it's the biggest in the world: http://qz.com/523626/chinas-middle-class-has-overtaken-the-u...

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Re:Secondary shops flooded with unicorn sellers by manigandham on Sunday February 21, 2016 @03:09AM (#11143763)
Seems more like 100M, not the entire US population: http://qz.com/523626/chinas-middle-class-has-overtaken-the-u...
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