White Seattleites protest to keep Seattle segregated
Comments
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Go Mariners!RedRocket said:
You're conflating speculative Chinese real estate investment with globalization and FDI in general. Foreign property ownership isn't a good thing if the property owner doesn't live, work or contribute meaningfully to the local economy. It prices out local residents and creates distortions - median housing prices that far exceed median incomes. This is the problem in Vancouver and why the city implemented a foreign ownership tax on property purchases. -
Shithole town,CirrhosisDawg said:
Seattle is rich because of globalization and the high-value (skills and education of its workforce). In the long term "WE" will become even more successful and dominant. The only way we lose that advantage is to restrict the flow of capital, labor and resources. HTH.RedRocket said:Yeah Vancouver fucked itself because it waited too long to implement any restrictions on overseas buyers. The US will fuck itself too if it doesn't start clamping down. Right now the Chinese real estate problem is primarily in a handful of major US metros but its going to get worse because no one seems to give a shit.
Shithole post.
Two hole poster. -
RedRocket said:
You're conflating speculative Chinese real estate investment with globalization and FDI in general. Foreign property ownership isn't a good thing if the property owner doesn't live, work or contribute meaningfully to the local economy. It prices out local residents and creates distortions - median housing prices that far exceed median incomes. This is the problem in Vancouver and why the city implemented a foreign ownership tax on property purchases.CirrhosisDawg said:
Seattle is rich because of globalization and the high-value (skills and education of its workforce). In the long term "WE" will become even more successful and dominant. The only way we lose that advantage is to restrict the flow of capital, labor and resources. HTH.RedRocket said:Yeah Vancouver fucked itself because it waited too long to implement any restrictions on overseas buyers. The US will fuck itself too if it doesn't start clamping down. Right now the Chinese real estate problem is primarily in a handful of major US metros but its going to get worse because no one seems to give a shit.
Disagree. Capital flows to its most productive uses. Always. It's called comparative advantage and is one of the reasons why the US is the richest country country in the world and Seattle is at the apex of the US economy. We can't sell the world trillions in our value-added products like tech and at the same time prevent people from buying in the US. Overall,and especially in the long term, our benefits vastly exceed the costs. You have to be skilled, educated, competive and aggressive though. Otherwise, Race can introduce you to life in the 909 / 951. -
Funny, I see two beards and ten bitches.Pitchfork51 said: -
Disagree. Capital flows to its most productive uses. Always. It's called comparative advantage and is one of the reasons why the US is the richest country country in the world and Seattle is at the apex of the US economy. We can't sell the world trillions in our value-added products like tech and at the same time prevent people from buying in the US. Overall,and especially in the long term, our benefits vastly exceed the costs. You have to be skilled, educated, competive and aggressive though. Otherwise, Race can introduce you to life in the 909 / 951.CirrhosisDawg said:RedRocket said:
You're conflating speculative Chinese real estate investment with globalization and FDI in general. Foreign property ownership isn't a good thing if the property owner doesn't live, work or contribute meaningfully to the local economy. It prices out local residents and creates distortions - median housing prices that far exceed median incomes. This is the problem in Vancouver and why the city implemented a foreign ownership tax on property purchases.CirrhosisDawg said:
Seattle is rich because of globalization and the high-value (skills and education of its workforce). In the long term "WE" will become even more successful and dominant. The only way we lose that advantage is to restrict the flow of capital, labor and resources. HTH.RedRocket said:Yeah Vancouver fucked itself because it waited too long to implement any restrictions on overseas buyers. The US will fuck itself too if it doesn't start clamping down. Right now the Chinese real estate problem is primarily in a handful of major US metros but its going to get worse because no one seems to give a shit.
AD or BC? -
@oregonblitzkrieg, is that you?RedRocket said:
Wish Trump would go after Chinese real estate investors. Sick of these fuckers going in and bubblefying housing markets. They've completely fucked Vancouver and are starting to fuck Seattle.PurpleThrobber said:
It's probably Chinese money doing the development anyway.PurpleJ said:There's a fine line between a white nationalist and a white supremacist. Sad!
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I'm the wattered down version. I'm only a little racist and it's primarily targeted at at a small segment of wealthy, mainland Chinese.TierbsHsotBoobs said:
@oregonblitzkrieg, is that you?RedRocket said:
Wish Trump would go after Chinese real estate investors. Sick of these fuckers going in and bubblefying housing markets. They've completely fucked Vancouver and are starting to fuck Seattle.PurpleThrobber said:
It's probably Chinese money doing the development anyway.PurpleJ said:There's a fine line between a white nationalist and a white supremacist. Sad!
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Disagree. Capital flows to its most productive uses. Always. It's called comparative advantage and is one of the reasons why the US is the richest country country in the world and Seattle is at the apex of the US economy. We can't sell the world trillions in our value-added products like tech and at the same time prevent people from buying in the US. Overall,and especially in the long term, our benefits vastly exceed the costs. You have to be skilled, educated, competive and aggressive though. Otherwise, Race can introduce you to life in the 909 / 951.CirrhosisDawg said:RedRocket said:
You're conflating speculative Chinese real estate investment with globalization and FDI in general. Foreign property ownership isn't a good thing if the property owner doesn't live, work or contribute meaningfully to the local economy. It prices out local residents and creates distortions - median housing prices that far exceed median incomes. This is the problem in Vancouver and why the city implemented a foreign ownership tax on property purchases.CirrhosisDawg said:
Seattle is rich because of globalization and the high-value (skills and education of its workforce). In the long term "WE" will become even more successful and dominant. The only way we lose that advantage is to restrict the flow of capital, labor and resources. HTH.RedRocket said:Yeah Vancouver fucked itself because it waited too long to implement any restrictions on overseas buyers. The US will fuck itself too if it doesn't start clamping down. Right now the Chinese real estate problem is primarily in a handful of major US metros but its going to get worse because no one seems to give a shit.
--you fucked up the quoting--
You are talking about macroeconomic theory and I'm talking about a specific problem where some Chinese millionaire decides that he doesn't trust the Chinese government and wants to park his cash in a hot real estate market overseas instead. If they tear down some old single family home and replace it with a set of condos then it is probably a net positive because they added housing stock but if they just buy and hold onto some home then it's just artificially inflating local demand beyond what local residents cam afford.
If Chinese real estate speculation is such a good thing then why are cities like Vancouver and Sydney imposing such tough restrictions to fight the problem? -
You are talking about macroeconomic theory and I'm talking about a specific problem where some Chinese millionaire decides that he doesn't trust the Chinese government and wants to park his cash in a hot real estate market overseas instead. If they tear down some old single family home and replace it with a set of condos then it is probably a net positive because they added housing stock but if they just buy and hold onto some home then it's just artificially inflating local demand beyond what local residents cam afford.RedRocket said:
Disagree. Capital flows to its most productive uses. Always. It's called comparative advantage and is one of the reasons why the US is the richest country country in the world and Seattle is at the apex of the US economy. We can't sell the world trillions in our value-added products like tech and at the same time prevent people from buying in the US. Overall,and especially in the long term, our benefits vastly exceed the costs. You have to be skilled, educated, competive and aggressive though. Otherwise, Race can introduce you to life in the 909 / 951.CirrhosisDawg said:RedRocket said:
You're conflating speculative Chinese real estate investment with globalization and FDI in general. Foreign property ownership isn't a good thing if the property owner doesn't live, work or contribute meaningfully to the local economy. It prices out local residents and creates distortions - median housing prices that far exceed median incomes. This is the problem in Vancouver and why the city implemented a foreign ownership tax on property purchases.CirrhosisDawg said:
Seattle is rich because of globalization and the high-value (skills and education of its workforce). In the long term "WE" will become even more successful and dominant. The only way we lose that advantage is to restrict the flow of capital, labor and resources. HTH.RedRocket said:Yeah Vancouver fucked itself because it waited too long to implement any restrictions on overseas buyers. The US will fuck itself too if it doesn't start clamping down. Right now the Chinese real estate problem is primarily in a handful of major US metros but its going to get worse because no one seems to give a shit.
If Chinese real estate speculation is such a good thing then why are cities like Vancouver and Sydney imposing such tough restrictions to fight the problem?
Because protectionists, nativists and nationalists come to the fore everywhere. It's ultimately self defeating but historically recurring. It's the simple minded thing to do and always ends badly.
