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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 dmix on Monday January 02, 2017 @02:46PM (#13303807)
This was a common fear in Vancouver and Toronto in Canada, but I remember reading that a study found foreign Chinese investment was only 5-10%, while playing a role it wasn't the primary issue everyone made it out to be. Can't find the link just now.

I remember thinking they might have just been good at hiding the fact they were foreign by having their student kids or extended family who have moved here permanently buy the properties, or shell companies. Which wouldn't attract as much scrutiny. This is just speculation but it's good to be highly sceptical when people put all the blame on foreigners.

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Re:$2T in Proceeds of Corruption Removed from China and Take... by nostrademons on Monday January 02, 2017 @03:43PM (#13304323)
5-10% of total housing stock, or 5-10% of houses on the market?

Prices are set on the margin, reflected by the goods that are actively on the market, and at any given time only a small percentage of housing units are on the market. If 5-10% of total housing units are owned by Chinese nationals, and that percentage has grown rapidly in the last few years, it could easily translate to > 50% of real estate transactions.

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