LogFAQs > #913024983

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Topic	Should Chinese citizens be allowed to buy American real estate?
s0nicfan 11/25/18 5:48:34 PM #4:	IIRC foreign investors is a major problem in Miami. On one end it can be a boon to housing in an area with too much supply, but on the other it creates property value problems that make it impossible to buy or rent in some places without cash-in-hand and it does little for the community because good properties are being taken up by people who don't live in the area and thus don't spend on the local economy. It's a quiet little problem that hasn't gained a lot of traction yet, but honestly I don't know what the right solution is. --- "History Is Much Like An Endless Waltz. The Three Beats Of War, Peace And Revolution Continue On Forever." - Gundam Wing: Endless Waltz <cite>s0nicfan posted [p:913024983] in Should Chi... [t:77238846]...</cite> <quote>IIRC foreign investors is a major problem in Miami. On one end it can be a boon to housing in an area with too much supply, but on the other it creates property value problems that make it impossible to buy or rent in some places without cash-in-hand and it does little for the community because good properties are being taken up by people who don't live in the area and thus don't spend on the local economy. It's a quiet little problem that hasn't gained a lot of traction yet, but honestly I don't know what the right solution is. --- "History Is Much Like An Endless Waltz. The Three Beats Of War, Peace And Revolution Continue On Forever." - Gundam Wing: Endless Waltz</quote> ... Copied to Clipboard!
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