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by Asbostos
3854 days ago
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These guys are buying to move in and settle down. That's exactly what's good for community and society. You're talking about foreign landlords who rent to local people, which is different. Just because they're Chinese, doesn't mean they're the same Chinese people you're afraid of. They're still human beings with families and kids, as you saw in the video. People all over the world need to get over their tribal "yellow peril" and "Asian invasion" mindsets. Historically Chinese immigrants were disliked because they worked too hard for the locals to compete with, now they're too rich for the locals to compete with. What next, their kids will do too well at school for the local kids to compete with? |
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Hard to say. If it's anything like Vancouver (mentioned once IIRC in the article), many purchases happen for two reasons. First, to get money out of China, and second, to provide a place for Chinese kids to get a "better" education.
According to a study done by a recent Vancouver urban planner, a major chunk of new home purchases by ostensibly Chinese buyers were to students or homemakers (see slides 18-23):
http://www.slideshare.net/ayan604/ownership-patterns-of-sing...
This was for homes with a median value of 1.3M and avg value of 2.3M.
"Parachute kids" like the above buyers are super common in Vancouver. I would assume, though, that if their intention was to stay, the entire family would move.