Earlier quoted context omitted.
You correctly blame corporate buy up of real estate as a problem but nobody ever cites upper income new immigrants as a problem. Where I live the only people purchasing $600k - $1 million residential properties are newly arrived Chinese, Eastern European, South Asian and Arab immigrants. Makes for a very angry native population who are being pushed out of the places they were born for new arrivals. We'll never be abl…
Are you claiming that they’re already well to do (by American standards) when they arrive? I can’t count a single immigrant in my network that was rich by American standards (which makes them filthy rich by most other nations standards) and then chose to move here. Sure my sample size is probably 30 families (across a dozen countries) but that’s not nothing. Every single one built their net worth here. Meaning that o…
If you’re meeting someone who has a Masters or PhD from a US university and came from another country - often their family is well off. Certainly better off than a typical middle class family in the US that can’t pay for college for their own kids and aren’t even paying international rates.