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A comment on "Fake Chinese income" mortgages fuel Toronto real estate bubble: HSBC bank leaks. Parent comment

Re:"Fake Chinese income" mortgages fuel Toronto real estate ... by mytailorisrich on Tuesday February 06, 2024 @01:35PM (#39278455)
Most governments would do anything for foreign direct investment.

From many points of view, having foreign investors buy property without immigrating is a best case scenario for governments.

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Re:"Fake Chinese income" mortgages fuel Toronto real estate ... by ericmcer on Tuesday February 06, 2024 @02:02PM (#39278902)
In the long run (30+ years from now)? Or just for the few years they are in office?
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Re:"Fake Chinese income" mortgages fuel Toronto real estate ... by mytailorisrich on Tuesday February 06, 2024 @02:45PM (#39279511)
I think probably in the long run because, all in all, net inbound capital into the economy is positive in the long run. What can cause problems is bubbles and 'over-heating', meaning too much over a too short period, which is when 'less' inbound capital may be sought. But overall best to keep the flow positive.
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