News for hackers. Stuff that matters.
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.
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.