Comment by amelius 1 month ago But why allow e.g. Chinese investors to buy property in SF if they aren't even going to live there? 8 comments amelius Reply socalgal2 1 month ago 1. It's only an investment because of limited supply.2. Chinese investors buying up and not living there is effectively a myth. There just are aren't very many of them.3. What's special about "Chinese"? If a rich NYC finance person buys a vacation home in SF is that ok? How about a Brit or German? t43562 1 month ago The supply may be limited because the people who own property want it to remain so. cycrutchfield 1 month ago Do they pay property taxes? fragmede 1 month ago In California? With prop 13? Hardly.We invented money as a way of distributing scares resources. When there is housing going empty while people live on the streets in tents with no running water, no electricity, no sewage, one has to realize that something's gone wrong. cycrutchfield 1 month ago I don’t think you understand how prop 13 works 1 reply → amelius 1 month ago Maybe but that will certainly not bring down prices for the average US citizen looking for a home. cycrutchfield 1 month ago Why not?
socalgal2 1 month ago 1. It's only an investment because of limited supply.2. Chinese investors buying up and not living there is effectively a myth. There just are aren't very many of them.3. What's special about "Chinese"? If a rich NYC finance person buys a vacation home in SF is that ok? How about a Brit or German? t43562 1 month ago The supply may be limited because the people who own property want it to remain so.
t43562 1 month ago The supply may be limited because the people who own property want it to remain so.
cycrutchfield 1 month ago Do they pay property taxes? fragmede 1 month ago In California? With prop 13? Hardly.We invented money as a way of distributing scares resources. When there is housing going empty while people live on the streets in tents with no running water, no electricity, no sewage, one has to realize that something's gone wrong. cycrutchfield 1 month ago I don’t think you understand how prop 13 works 1 reply → amelius 1 month ago Maybe but that will certainly not bring down prices for the average US citizen looking for a home. cycrutchfield 1 month ago Why not?
fragmede 1 month ago In California? With prop 13? Hardly.We invented money as a way of distributing scares resources. When there is housing going empty while people live on the streets in tents with no running water, no electricity, no sewage, one has to realize that something's gone wrong. cycrutchfield 1 month ago I don’t think you understand how prop 13 works 1 reply →
amelius 1 month ago Maybe but that will certainly not bring down prices for the average US citizen looking for a home. cycrutchfield 1 month ago Why not?
1. It's only an investment because of limited supply.
2. Chinese investors buying up and not living there is effectively a myth. There just are aren't very many of them.
3. What's special about "Chinese"? If a rich NYC finance person buys a vacation home in SF is that ok? How about a Brit or German?
The supply may be limited because the people who own property want it to remain so.
Do they pay property taxes?
In California? With prop 13? Hardly.
We invented money as a way of distributing scares resources. When there is housing going empty while people live on the streets in tents with no running water, no electricity, no sewage, one has to realize that something's gone wrong.
I don’t think you understand how prop 13 works
1 reply →
Maybe but that will certainly not bring down prices for the average US citizen looking for a home.
Why not?