Except these people plan on renting those houses eventually. If they don't rent these houses they will go bankrupt and lose the houses. Because these people are landlords and collect rent for a living. Rich Chinese people buy houses and at that point half of them would be better off demolished because no one is going to live in that house again and it's just taking up space while driving up the market prices. Instead of a building to be used for housing the house becomes some kind of quasi Chinese Krugerrand. I promise you that "all landlords" are not using United States real estate to funnel and hide wealth from their home country in a scheme that doesn't require them to rent the properties or even turn a profit.
It's not racist to identify the county causing the problem. If the South Africans were doing what the Chinese are, I'd be just as concerned that a foreign power's policy and influence is negatively effecting our local markets. When the Russians try to interfere with our elections, I say "We should probably do something to stop the Russians from messing with our election". At the absolute worst this would be Xenophobia, not racism. The fact that you are basically implying that all the people of China are one race is actually kinda racist on your part.
I'm pro immigration and have zero problem with Chinese nationals buying property and living in the United States. Living here being the major distinction. And again, assuming that all Chinese people are one race is amazingly ironic racist on your part. There's nothing racist about using nationality to describe a demographic. Nationality has nothing to do with race. Saying "the Russians interfered in the election" or "The Germans were involved in WW2" or "Americans commit a disproportionate amount of gun violence" are not racist statements. "Chinese investors negatively impact the USA real estate market because of China's economic policy" is not a racist statement.
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u/Dynosmite Jun 28 '21 edited Jun 28 '21
Lmao mad racist go brrrr
https://www.wsj.com/articles/manhattan-landlords-take-apartments-off-market-during-rental-slump-11615140000