Rising Rents Are Pushing More Tenants Past the Breaking Point

Re:Rising Rents Are Pushing More Tenants Past the Breaking P... by neilparikh on Thursday October 26, 2017 @04:26PM (#15562699)

I'm not sure why it matters if the buyer is foreign or American. You would get the same issue if an investor from Texas decided to buy 10 houses and live in 1.

The key issue here is that there's housing that's unoccupied, even under lots of demand. The fix for that is to tax or ban unoccupied housing, not ban foreign housing.

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Re:Rising Rents Are Pushing More Tenants Past the Breaking P... by gozur88 on Thursday October 26, 2017 @10:09PM (#15565094)

The fix is to stop printing so much money it's basically free to borrow. These people aren't buying houses with their own money - it's all OPM.

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Re:Rising Rents Are Pushing More Tenants Past the Breaking P... by closeparen on Thursday October 26, 2017 @11:14PM (#15565416)

>if an investor from Texas decided to buy 10 houses and live in 1

An investor from Texas can simply open a Vanguard account. The theoretical mechanism for Chinese speculation is that real estate is the path of least regulatory resistance compared to stock markets, etc. under Chinese law.

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Re:Rising Rents Are Pushing More Tenants Past the Breaking P... by uiri on Friday October 27, 2017 @02:24AM (#15566152)

Nothing to do with regulatory resistance. Chinese culture generally views the stock market as gambling in a way that US culture does not. Real estate is a safe investment. It is also protected against seizure by the Chinese government.

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