Reply to Canada now bans foreigners from buying houses- should we do the same?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I met a guy (covered in tats and didn’t look like he had any money) on a flight from DC to Dallas. He was flying to Dallas to check on his rental properties. He owns 40+ properties, essentially controlling the FMR in one neighborhood.

I was staying in a nice suburb in Dallas and my friend who was hosting me told me the bulk of the SFH neighborhood was owned by a few Asian families who rent out the properties. Rents have jumped dramatically and they quickly purchase any homes that go on the market.

This is a problem. [/quote]
capitalism at its finest.  Also, how do you know if the "Asian" families aren't Asian Americans? Because they have accents? [/quote]

Asian here (as in, born in Asia, grew up here, have US citizenship).  Whether 'Asian' or 'Asian Americans', real estate is a time honored investment vehicle for Chinese and Koreans.  I think the Chinese Communists had a deep complex with the 'landlord' class.  (Not the clergy, the nobility, the aristocracy - the classic villians for Marx).  In feudal Asian society, there were only two classes - the peasants and the landlords.  Can't be a landlord in China so do it here in North America.[/quote]

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