Re:"Fake Chinese income" mortgages fuel Toronto real estate ...
by seanmcdirmid on Tuesday February 06, 2024 @05:38PM
(#39281811)
I got the feeling that the HSBC in Bellevue Washington catered primarily to overseas Chinese clients looking to buy homes in the Seattle area. Most of the employees spoke some dialect of Chinese. I have no idea about the loan officers, however.
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Re:"Fake Chinese income" mortgages fuel Toronto real estate ...
by pchristensen on Tuesday February 06, 2024 @06:04PM
(#39282105)
Bellevue's population is ~14% Chinese, over 21,000 people, and mostly high income tech salaries. It would be bad business not to have Chinese speakers on staff.
Re:"Fake Chinese income" mortgages fuel Toronto real estate ...
by FireBeyond on Tuesday February 06, 2024 @10:33PM
(#39284141)
> 14% Chinese, over 21,000 people, and mostly high income tech salaries. It would be bad business not to have Chinese speakers on staff.
What language do these Chinese tech workers speak at their jobs?
Re:"Fake Chinese income" mortgages fuel Toronto real estate ...
by pchristensen on Tuesday February 06, 2024 @10:43PM
(#39284219)
It depends on the composition of their teams, but probably something different than their most comfortable, native language.
Re:"Fake Chinese income" mortgages fuel Toronto real estate ...
by danielscrubs on Wednesday February 07, 2024 @01:13AM
(#39285126)
You can have a tech vocabulary but not know what a secured property is for example. Maybe a non native would know the word secure and the word property and make an erroneous assumption.
It’s probably the biggest purchase in your life so it makes sense you want to know all details.
Re:"Fake Chinese income" mortgages fuel Toronto real estate ...
by seanmcdirmid on Wednesday February 07, 2024 @01:31PM
(#39292297)
Yes. But you know, Bellevue is almost as Indian (12%) as it is Chinese (14%), so HSBC is definitely specializing in this case. Not that I'm complaining. They also have a lot of customers who don't speak much english at all, obviously not techies (but maybe the aging parents of techies).
It definitely isn't Richmond though.