I am just curious why we are allowing foreigners to buy homes in the US when we have a housing crisis. Here in New England, Chinese/Russians came in and started buying homes in the past two decades. Not only that, we end up educating their children for free in our public schools. Why? They don’t even let our companies operate in their country. Edit: they should not be able to invest in real estate in the US if US cit…
Lawsuits Block Thousands of Seattle Homes, $39M for Affordable Housing
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Re: Lawsuits Block Thousands of Seattle Homes, $39M for Affordable Housing
#42I am just curious why we are allowing foreigners to buy homes in the US when we have a housing crisis. Here in New England, Chinese/Russians came in and started buying homes in the past two decades. Not only that, we end up educating their children for free in our public schools. Why? They don’t even let our companies operate in their country. Edit: they should not be able to invest in real estate in the US if US cit…
Re: Lawsuits Block Thousands of Seattle Homes, $39M for Affordable Housing
#43Irrespective of any economic or legal incentives or factors here, this comes down fundamentally to a lack of social trust in north america. It doesn't happen the same way anywhere else in the world like it does in US&Canada. People don't care about other people. "I got mine, ** yours." It's a problem without an easy solution.
Re: Lawsuits Block Thousands of Seattle Homes, $39M for Affordable Housing
#44Earlier quoted context omitted.
This is patently untrue. Cities like LA and SF should have high rises everywhere, but instead they have 1 story homes from 1955 selling for $2 million.
LA and SF seem trapped by their design. Sure they need way higher density, but that would require transit that handles density better than cars on a road. But in order to build high capacity transit they want people to prove that it would be fully utilized and that won't be true if you're servicing areas that are currently all single family homes. So high density housing can't be build because there is no transit, an…
Re: Lawsuits Block Thousands of Seattle Homes, $39M for Affordable Housing
#45Irrespective of any economic or legal incentives or factors here, this comes down fundamentally to a lack of social trust in north america. It doesn't happen the same way anywhere else in the world like it does in US&Canada. People don't care about other people. "I got mine, ** yours." It's a problem without an easy solution.
Re: Lawsuits Block Thousands of Seattle Homes, $39M for Affordable Housing
#46Escala condos were the model for the protagonist's apartment in 50 Shades of Grey
https://www.mansionglobal.com/articles/fifty-shades-seattle-...
Also across the street from Lola's, where Bezos often has breakfast.
Re: Lawsuits Block Thousands of Seattle Homes, $39M for Affordable Housing
#47This is an important check to developer greed. You have to be able to maintain quality of life with new development.
Re: Lawsuits Block Thousands of Seattle Homes, $39M for Affordable Housing
#48I am just curious why we are allowing foreigners to buy homes in the US when we have a housing crisis. Here in New England, Chinese/Russians came in and started buying homes in the past two decades. Not only that, we end up educating their children for free in our public schools. Why? They don’t even let our companies operate in their country. Edit: they should not be able to invest in real estate in the US if US cit…
they don't pay taxes for the school systems?
Re: Lawsuits Block Thousands of Seattle Homes, $39M for Affordable Housing
#49Re: Lawsuits Block Thousands of Seattle Homes, $39M for Affordable Housing
#50I am just curious why we are allowing foreigners to buy homes in the US when we have a housing crisis. Here in New England, Chinese/Russians came in and started buying homes in the past two decades. Not only that, we end up educating their children for free in our public schools. Why? They don’t even let our companies operate in their country. Edit: they should not be able to invest in real estate in the US if US cit…
You could just choose to not have a housing crisis, you know? It's not the foreigners fault that you insist on outlawing construction.
Home ownership should be only for people who are permanent residents (they can own up to 10 years or until they receive citizenship, to cut down on loophole abusers) or citizens.
Why should any country let mega rich people from other countries (let’s be honest if you have money in 3rd world country you’re most likely doing something sketchy.. otherwise you’d move here to work as a swe or something) who have no intention of living here.
Source: I’m a naturalized US citizen originally from 3rd world, grew up poor and I know income inequality there it’s far worse than what exists in US. I’m against dirt bag tier rich people from taking advantage of our system. We have plenty people doing that here already lol.