I bet in 2024 American Democrats will move to be an anti immigration party in a tactic to win over moderate Trump voters in an attempt to fight whatever the new scary term for teabagger/maga/qanon is. It's going to take the form of less overtly racist forms and more economic arguments, (e.g. The housing crisis is because the Chinese are buying up all our houses.)
We will be accused of abandoning POC Americans by not supporting anti immigrant policies. Get ready.
fucking A. they're doing exactly what the people from the non-orient are also doing and that's why I reject that other guy's weirdness about divining what the foreigners are like. My former student housing slumlord was doing exactly what these investment property buyers are doing because if you paid off mortgage on more than one property then it's stupid not to keep going at this point.
It's exactly that, it's dumb not to have investment property and the type of white boomers who already own secondary recreational properties would be and are doing the exact same thing because housing is a fuck. And I highly doubt that is most of what's going on based on how i see condo presales going, where you deposit money to buy a condo that might be finished later but if it's not you're fucked, but you can speculate on this speculation that a shitty 'luxury' condo will be built and resell your rights to buy this thing for more than your deposit.
I just wanted to get it out there that it seems like a reactionary wedge to blame it all on foreigners. The housing price rises are bleeding to within 2 hours commute of cities people want to live in and up here it's blamed more on the chinese than makes sense, because those units are being rented out to some sort of rich student who drives a luxury car which is what would happen if 0 chinese money could get into our real estate.