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A comment on Chinese are big customers for schemes selling foreign residency. Parent comment

Re:Chinese are big customers for schemes selling foreign res... by mistermann on Monday July 22, 2019 @06:16PM (#20502810)
A housing bubble based on domestic demand is dangerous enough, adding in who knows how much foreign demand on top of that, if it was to pop it could be more than doubly impactful.

Before we go on a building spree, I say we should get a decent handle on the total amount of foreign money in play.

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Re:Chinese are big customers for schemes selling foreign res... by wharnal on Monday July 22, 2019 @07:18PM (#20503176)
You're right, it'd be a real tragedy if they built too many homes and just anyone could afford to live in Vancouver.
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Re:Chinese are big customers for schemes selling foreign res... by mistermann on Monday July 22, 2019 @07:24PM (#20503213)
In the long run it may be fine. In the short run, crashing housing bubbles can bankrupt families and cause chaos in both financial and job markets.
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