Another kind of invasion

[Hawkmoon]

Coming soon to a United States near you?

https://www.bloombergquint.com/pursuits/vancouver-is-drowning-in-chinese-money#gs.N=PRX9Y

Vancouver being taken over (economically) by Chinese money. It's only a matter of time before it becomes obvious that the same thing is happening here, and by the time our politicians recognize it ... it'll be too late.

[makattak]

China doesn't have the money to "take over" here.

They could take over a city, but is that really a loss?

[Scout26]

1.  I seem to recall the same concerns when the Japanese were buying up everything and anything in the 1980's.  Whatever happened with that ??

2.  If they want to buy American cities, there are several that I would be willing to give a good price on.

3.  The reason they are buying as much of whatever they can outside the PRC, is because they fear the collape of the Chinese economy or the collapse of the PRC or both.   They are simply moving their assets beyond the reach of the Chinese government.

[MillCreek]

Since BC imposed the 20% surcharge on foreign buyers of Vancouver homes, the sale of Seattle-area homes to mainland Chinese has soared.  Most of the activity is in the affluent eastside suburbs of Seattle: Bellevue, Kirkland and Redmond, home to Microsoft, Google and a host of dot coms. 

Many of the high-end real estate brokers in the area now advertise Mandarin-speaking staff and advertise in mainland China.  Many people buy a house for their teenage children, who attend Eastside schools or the University of Washington while the parents remain in China, or the house is bought as an investment or emergency bolt-hole and remains empty.

[Ben]

Since BC imposed the 20% surcharge on foreign buyers of Vancouver homes, the sale of Seattle-area homes to mainland Chinese has soared.  Most of the activity is in the affluent eastside suburbs of Seattle: Bellevue, Kirkland and Redmond, home to Microsoft, Google and a host of dot coms. 

Many of the high-end real estate brokers in the area now advertise Mandarin-speaking staff and advertise in mainland China.  Many people buy a house for their teenage children, who attend Eastside schools or the University of Washington while the parents remain in China, or the house is bought as an investment or emergency bolt-hole and remains empty.

Same was happening in Santa Barbara before I moved, including buying condos for their kids who attended UCSB. I don't know what the current situation is.

[Ron]

What Is this Chinese you speak of?

Sounds like a social construct.

They sound like proto Americans who just want to live the American dream.

[Fly320s]

China doesn't have the money to "take over" here.

They could take over a city, but is that really a loss?

The article says the Chinese have “exported” roughly $800B.  California’s yearly budget is $200B.  The Chinese could take over a big chunk if they wanted to.

[Ron]

The article says the Chinese have “exported” roughly $800B.  California’s yearly budget is $200B.  The Chinese could take over a big chunk if they wanted to.

Why do you guys hate capitalism?

They probably love mom and apple pie also.

Being an American is nothing more than a geographical location.

Our magic dirt grows freedom.

[grampster]

I'd wager the Chinese, Koreans, Japanese etc etc orientals aren't flying the flags from where they came from as the peons from the Mexico, South and Central Americans do.