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I was certain there more Chinese than any other group. Even if you count the entire continent of Africa as "black" (which of course it is not.)
And I may have my terminology wrong, but I thought "Latino" referred to Spanish-speaking people who lived in the U.S.?
People are complaining about Chinese people even though Asians make up only 4% of total US population.
I can tell you that Asians do have the highest median income of all US households and lowest unemployment rate. This all attributes to high home ownership.
People are complaining about Chinese people even though Asians make up only 4% of total US population.
I can tell you that Asians do have the highest median income of all US households and lowest unemployment rate. This all attributes to high home ownership.
You appear to have completely missed the point.
Nobody cares if Chinese americans are buying homes or not.
This is about Chinese nationals, NON resident mostly buying up large volumes of real estate for investment hedging.
Often these homes sit empty with a phony non existent occupant, or they are rented for a profit or loss just to keep the ball rolling.
This is distorting local housing markets and making housing less affordable for middle income families.
The USA has few worker rights, a weak social safety net and is shifting burdens to the individual that were previously born collectively.
In short this is just another nail in the coffin of our already beatened down middle class. As it stands a responsible hard working family in WA can very often not afford to live in a modest area due to spiraling housing costs.
5-10 times income is a huge burden, allowing masses of foreign monies to distort values on a local level is just not a pro middle class, pro US citizen thing to do.
There are a bunch of ways to discourage speculation and over investment without bans. getting rid of programs like these is a start. Along with big increases in property taxes that are offset by exemptions for locals ... or such like..
We are NOT the first country to have to deal with this. Just look how a number of EU countries put policies in place to prevent german wealth from gobbling up thier neighbors housing.
People are complaining about Chinese people even though Asians make up only 4% of total US population.
I can tell you that Asians do have the highest median income of all US households and lowest unemployment rate. This all attributes to high home ownership.
Some of this may be semantics, but...
That 4% is all Asians, not just Chinese. And your chart is representative of the U.S. population, whereas the thread title, and article cited in the OP are about foreigners, the article mentions Canadians as an example. So that's foreign nationals, not US citizens or even permanent residents. Therefore, I assume the reference to the large number of Chinese meant worldwide population.
I'm seriously considering making a public website that has a Zillow-like map of all of the unoccupied foreign-owned homes in the United States, or homes that are owned by foreigners that are not legal residents.
If it were easy to compile the data, I'd have done it yesterday.
If anyone knows how to access that information, even partially, please let me know. I don't mind paying a service for the data.
The United States public really needs to be made aware of what is going on in this country.
If our politicians don't restrict foreign ownership of US real estate,
there won't be anything left for Americans.
Other countries protect their native populations, unfortunately,
our politicians have not protected us.
This will become a major issue.
Let me tell you, the Chinese are coming whether you like it or not. I was on line at the U.S. Consulate here in Guangzhou, China last week and there are thousands of them waiting to come to America. And were not just talking about the wealthy Chinese who buy luxury homes and live part time in China and part time in the U.S. for business purposes. Were talking about their entire families, sons, daughters and grandma's and grandpa's. Once one Chinese gets an immigration or EB-5 visa to the U.S. they all later on apply for the rest of their family to come over. You think all these older grandparents aren't going to apply for government subsidies? They don't have any income, and anything they had in assets they usually move around to different family members or leave off shore. It's a shame. America is such a great and beautiful country, but we get played and taken advantage of for our open system. We look so gullible and naive most of the time to foreigners who know how to work the system.
Let me tell you, the Chinese are coming whether you like it or not. I was on line at the U.S. Consulate here in Guangzhou, China last week and there are thousands of them waiting to come to America. And were not just talking about the wealthy Chinese who buy luxury homes and live part time in China and part time in the U.S. for business purposes. Were talking about their entire families, sons, daughters and grandma's and grandpa's. Once one Chinese gets an immigration or EB-5 visa to the U.S. they all later on apply for the rest of their family to come over. You think all these older grandparents aren't going to apply for government subsidies? They don't have any income, and anything they had in assets they usually move around to different family members or leave off shore. It's a shame. America is such a great and beautiful country, but we get played and taken advantage of for our open system. We look so gullible and naive most of the time to foreigners who know how to work the system.
There are long lines in embassies across the globe for as long as I can recall. Certainly since the 1980s, when I began moving about...
We have nothing to fear from Chinese people arriving here, they are hard working people with drive , dream and desires, just like our parents, grandparents and so on ( mine go back to around 1800 plus or minus a couple of decades).
It is non-resident investment in residential housing that is driving prices out of the reach of locals. The REPs who forced FIRPTA changes on POTUS by tying them to PATH are making it worse. POTUS should have stood up them and stopped the Republicans from doing this, they opened the door to an estimated 20-30 billion in 2017 alone.
I don't believe grass root Republican leaning folk would have supported this in any way. I believe they were acting (just like the dems do) to support lobbyists who contribute to them through various means.
I am not against people moving here to work and contribute, I am against foreign investors distorting residential housing markets in order to protect their wealth from their own government.
Many of the EU countries uses a selection of taxes and credits to reduce this type of investment. It is one thing to encourage investment in lending, in construction of large scale projects and it is another to assist and encourage non resident ownership of basic housing...
H1b, EB5, FIRPTA are all geared to service wealth and power over the interests of US residents and citizens
There are long lines in embassies across the globe for as long as I can recall. Certainly since the 1980s, when I began moving about...
We have nothing to fear from Chinese people arriving here, they are hard working people with drive , dream and desires, just like our parents, grandparents and so on ( mine go back to around 1800 plus or minus a couple of decades).
It is non-resident investment in residential housing that is driving prices out of the reach of locals. The REPs who forced FIRPTA changes on POTUS by tying them to PATH are making it worse. POTUS should have stood up them and stopped the Republicans from doing this, they opened the door to an estimated 20-30 billion in 2017 alone.
I don't believe grass root Republican leaning folk would have supported this in any way. I believe they were acting (just like the dems do) to support lobbyists who contribute to them through various means.
I am not against people moving here to work and contribute, I am against foreign investors distorting residential housing markets in order to protect their wealth from their own government.
Many of the EU countries uses a selection of taxes and credits to reduce this type of investment. It is one thing to encourage investment in lending, in construction of large scale projects and it is another to assist and encourage non resident ownership of basic housing...
H1b, EB5, FIRPTA are all geared to service wealth and power over the interests of US residents and citizens
In a sea of posts driven by misguided opinion, this is a logical jewel.
You can't compare Chinese in the 1980's who immigrated to the U.S. to Chinese today.
"I am not against people moving here to work and contribute, I am against foreign investors distorting residential housing markets in order to protect their wealth from their own government."
Well, many Chinese are not contributing today, and they do not work or pay taxes in the U.S. They are there for hiding their money from the Chinese government, for their kids to go to free public schools, and for cleaner air and food safety measures.
You can't compare Chinese in the 1980's who immigrated to the U.S. to Chinese today.
"I am not against people moving here to work and contribute, I am against foreign investors distorting residential housing markets in order to protect their wealth from their own government."
Well, many Chinese are not contributing today, and they do not work or pay taxes in the U.S. They are there for hiding their money from the Chinese government, for their kids to go to free public schools, and for cleaner air and food safety measures.
Wow. You swipe that broad brush across the world's largest population with a great deal of confidence...I guess because living in China you've met all 1.3 billion of them and they're apparently identical??
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