← Back to context Comment by amelius 5 hours ago But why allow e.g. Chinese investors to buy property in SF if they aren't even going to live there? 4 comments amelius Reply socalgal2 3 hours 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? cycrutchfield 5 hours ago Do they pay property taxes? amelius 4 hours ago Maybe but that will certainly not bring down prices for the average US citizen looking for a home. fragmede 3 hours 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.
socalgal2 3 hours 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?
cycrutchfield 5 hours ago Do they pay property taxes? amelius 4 hours ago Maybe but that will certainly not bring down prices for the average US citizen looking for a home. fragmede 3 hours 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.
amelius 4 hours ago Maybe but that will certainly not bring down prices for the average US citizen looking for a home.
fragmede 3 hours 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.
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?
Do they pay property taxes?
Maybe but that will certainly not bring down prices for the average US citizen looking for a home.
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.