Communists Saving Your Capitalist Pig Asses!

[CreepersWiener]

Go, China, GO!

[_sabotage_]

Not bad, but at 2:10 he shows absolute ignorance. The Chinese government has restricted property purchases to 1 per married couple. Nothing to do with lack of stability, it's to do with skyrocketing housing prices which is furthered by the rich buying up newer housing and leaving it vacant until it becomes worth selling.

In California as it had been in Vancouver, this isn't necessarily something to be sought after. If they refuse to rent out the properties, which is common since they can't be bothered with little things like collecting rent, it will artificially inflate the market. Another point is that to get investment visas, they are required to invest a certain amount, and will actually bargain up so that the property price meets the minimum investment requirement. This also puts undo demand on a market and pushes the local population out of higher-end areas in the long run.

[Phatscotty]

I wonder what kind of tax breaks China gets on those investments...