Re:Why Billionaires Don't Pay Property Taxes in New York
by bko on Tuesday May 12, 2015 @04:23PM
(#9534594)
I never understood why complaining about foreigners taking real-estate is okay but complaining about foreigners taking our jobs is thought of as (IMO rightfully) xenophobic.
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Re:Why Billionaires Don't Pay Property Taxes in New York
by jahewson on Tuesday May 12, 2015 @05:48PM
(#9535173)
Foreign workers are a great benefit to the economy. However, past a certain point, foreign (non-resident) ownership of real estate doesn't provide much benefit to the local economy and can easily push prices up to the point where housing is unaffordable for locals, due to the influx of foreign speculators. Chinese ownership in the Bay Area and Russian ownership in London are two current examples.
Re:Why Billionaires Don't Pay Property Taxes in New York
by felideon on Tuesday May 12, 2015 @06:05PM
(#9535290)
As well as Venezuelan ownership in South Florida.
Re:Why Billionaires Don't Pay Property Taxes in New York
by mixmastamyk on Tuesday May 12, 2015 @05:16PM
(#9534950)
The complaint is that the people don't live there, and therefore don't contribute to the neighborhood. See the recent article about how Vancouver is dying for more info.
Re:Why Billionaires Don't Pay Property Taxes in New York
by sukilot on Wednesday May 13, 2015 @11:05AM
(#9539435)
Because immigrants actually live here. it is isn't about foreigners, it is about absentees.
And that fact that when a billionaire leaves their home country, it is often for shady reasons, not innocent enduring persecution or suffering.
Re:Why Billionaires Don't Pay Property Taxes in New York
by ksk on Tuesday May 12, 2015 @07:39PM
(#9535746)
And also, jobs are given, not taken. So if they're going to unqualified people (whether local or foreign), the person taking the job is never to blame. They're just trying to improve their life situation, like anyone else.