[masayako]

Imagine an extreme scenario, let’s say a foreign RE investment group buy all the rental apartment complex near SDSU, and then raise rent by 20%. We would have a rental shortage near SDSU instantly and local students would need to pay more to be able to live near the school and have less money to spend on other items.

At the same time, this money would go back to the foreign countries, their children and trigger down. Wealth transferred outside. Who gets negatively impactd? U.S of A folks.

Why I speak of this? Because I know it’s happening in San Diego and other parts of CA. CAR won’t complain because their goal is to sell houses. Doesn’t matter who buy it as long as someone buy it.

Just look at Vancouver, people from Hong Kong ‘invest’ in it and now they are the biggest landlord in Vancouver. What happened next? Housing price tripled. Local buyers forced to move out from the good neighborhoods in Vancouver to somewhere remote.

It’s sick.

[masayako]

Imagine an extreme scenario, let’s say a foreign RE investment group buy all the rental apartment complex near SDSU, and then raise rent by 20%. We would have a rental shortage near SDSU instantly and local students would need to pay more to be able to live near the school and have less money to spend on other items.

At the same time, this money would go back to the foreign countries, their children and trigger down. Wealth transferred outside. Who gets negatively impactd? U.S of A folks.

Why I speak of this? Because I know it’s happening in San Diego and other parts of CA. CAR won’t complain because their goal is to sell houses. Doesn’t matter who buy it as long as someone buy it.

Just look at Vancouver, people from Hong Kong ‘invest’ in it and now they are the biggest landlord in Vancouver. What happened next? Housing price tripled. Local buyers forced to move out from the good neighborhoods in Vancouver to somewhere remote.

It’s sick.

[masayako]

And recommendation for electrician and installer of outdoor lights?

[masayako]

And recommendation for electrician and installer of outdoor lights?

[masayako]

And recommendation for electrician and installer of outdoor lights?

[masayako]

And recommendation for electrician and installer of outdoor lights?

[masayako]

And recommendation for electrician and installer of outdoor lights?

[masayako]

No foreign buyers = less demand

Less demand = lower the Housing price

So, I am saying the exchange rate and currency is killing us local buyers because it kills our purchasing power.

The foreigners are here to make profits for themselves, not here to save our economy. When the price go back up, they will sell their houses back to us at a higher price to make money for themselves. Got it?

[masayako]

No foreign buyers = less demand

Less demand = lower the Housing price

So, I am saying the exchange rate and currency is killing us local buyers because it kills our purchasing power.

The foreigners are here to make profits for themselves, not here to save our economy. When the price go back up, they will sell their houses back to us at a higher price to make money for themselves. Got it?

[masayako]

No foreign buyers = less demand

Less demand = lower the Housing price

So, I am saying the exchange rate and currency is killing us local buyers because it kills our purchasing power.

The foreigners are here to make profits for themselves, not here to save our economy. When the price go back up, they will sell their houses back to us at a higher price to make money for themselves. Got it?

[masayako]

No foreign buyers = less demand

Less demand = lower the Housing price

So, I am saying the exchange rate and currency is killing us local buyers because it kills our purchasing power.

The foreigners are here to make profits for themselves, not here to save our economy. When the price go back up, they will sell their houses back to us at a higher price to make money for themselves. Got it?

[masayako]

No foreign buyers = less demand

Less demand = lower the Housing price

So, I am saying the exchange rate and currency is killing us local buyers because it kills our purchasing power.

The foreigners are here to make profits for themselves, not here to save our economy. When the price go back up, they will sell their houses back to us at a higher price to make money for themselves. Got it?

[masayako]

[quote=sdduuuude]Lack of responses suggests we don’t know what the hell to do, either.[/quote]

Kind of agree to sdduuuude. I am in the same boat. For me, the sensible thing to do is to diversify in stocks/ RE / overseas investment. Whichever gains become fully realized, take it out and put it in another undervalued asset vehicle.

Keep it going. Money got to flow somewhere. We just need to sit tight and be there before it arrives.

[masayako]

[quote=sdduuuude]Lack of responses suggests we don’t know what the hell to do, either.[/quote]

Kind of agree to sdduuuude. I am in the same boat. For me, the sensible thing to do is to diversify in stocks/ RE / overseas investment. Whichever gains become fully realized, take it out and put it in another undervalued asset vehicle.

Keep it going. Money got to flow somewhere. We just need to sit tight and be there before it arrives.

[masayako]

[quote=sdduuuude]Lack of responses suggests we don’t know what the hell to do, either.[/quote]

Kind of agree to sdduuuude. I am in the same boat. For me, the sensible thing to do is to diversify in stocks/ RE / overseas investment. Whichever gains become fully realized, take it out and put it in another undervalued asset vehicle.

Keep it going. Money got to flow somewhere. We just need to sit tight and be there before it arrives.

[Author]

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