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A comment on Wells Fargo to pay $3.7B settling charges it wrongfully seized homes and cars. Parent comment

Re:Wells Fargo to pay $3.7B settling charges it wrongfully s... by imtringued on Wednesday December 21, 2022 @02:27AM (#34077682)
This is a pretty shallow argument. Americans should be glad that foreign citizens are funding housing because it means they can build more housing with that money. It is Americans who get to choose whether to build more or not and they have decided to instead block new housing.
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Re:Wells Fargo to pay $3.7B settling charges it wrongfully s... by bill_joy_fanboy on Thursday December 22, 2022 @07:47PM (#34101000)
Nah.

If it weren't for foreign "investment" in real estate, there would still be housing in the U.S. It would just be cheaper.

Real estate is a finite resource. More people showing up and bidding just drives the price up for the people who were already at the auction.

No reason for me to be happy about it.

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