Re:In Cramped and Costly Bay Area, Cries to Build, Baby, Build
by jbapple on Saturday April 16, 2016 @12:38PM
(#11511221)
> Could you please explain why the foreign investment is a problem?
I'm not sure, but I get the impression that the concern is partly about non-resident populations. Non-residents buying homes as investments or as a hedge against corruption driving them out of their home countries uncaps demand. More demand might end up causing wealth transfer from the renter class to the owner class.
I'm not sure, but I get the impression that the concern is partly about non-resident populations. Non-residents buying homes as investments or as a hedge against corruption driving them out of their home countries uncaps demand. More demand might end up causing wealth transfer from the renter class to the owner class.