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A comment on $2T in Proceeds of Corruption Removed from China and Taken to US, AUS, CAN, NL. Parent comment

Re:$2T in Proceeds of Corruption Removed from China and Take... by semi-extrinsic on Monday January 02, 2017 @12:30AM (#13299269)
I guess it depends heavily on the location's property market and the regional tax rules. E.g. here in Norway, good tax breaks for owning property means we're currently paying $1k/month on mortgage+maintenance+taxes, but renting the same apartment costs 50% more.

It also means you essentially can't rent anything bigger than a 2 bedroom apartment; bigger units make so much more financial sense to own (easily $1k/month cheaper even before you include the investment aspect) that there is no market for renting them.

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Re:$2T in Proceeds of Corruption Removed from China and Take... by angry_octet on Monday January 02, 2017 @11:14AM (#13301937)
In other economies that would severely punished poor people, but I'm guessing there is sufficient social housing. It still seems like it would lead to problems though.
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