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Real Estate
Reply to "The chinese are coming and they want to buy your house!!"
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[quote=Anonymous]If rich people from other countries want to buy real estate and pay taxes here, I say let them. This is more an issue in places like London or Manhattan where you can have entire blocks of near-empty buildings because units are owned by rich foreign nationals (not just Chinese, but a lot of Russians, Saudis, South Americans, etc. etc.) who spend maybe a weekend or two in those apartments. Its not great for other residents living in those buildings or for the street scene outside -- zero sense of community or activity. Those are truly cases of people using high-end real estate like Swiss bank accounts. [/quote]
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