Re:In Cramped and Costly Bay Area, Cries to Build, Baby, Build
by tamana on Saturday April 16, 2016 @12:57PM
(#11511279)
They aren't buying houses becuase they might need to live in them. They could rent anywhere easily. They are buying them as investments.
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Re:In Cramped and Costly Bay Area, Cries to Build, Baby, Build
by mc32 on Saturday April 16, 2016 @02:06PM
(#11511609)
The idea of ownership is more important in Chinese culture so renting is not as attractive, plus ownership affords them a place to park their money away from central govt control.
Re:In Cramped and Costly Bay Area, Cries to Build, Baby, Build
by jessaustin on Saturday April 16, 2016 @01:55PM
(#11511561)
In many cases the younger generation changes citizenship. The whole family could leverage that in a pinch.