There are already too many real estate agents in the area, each doing far fewer sales than they could handle, but each is highly profitable. Rates can't be lowered because then incentives are bad, plus they're sort of standardized between real estate agents.
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What percentage of that wealth used to pay for citizenship would have come from rent extraction by people who are especially good at it? I've met rich Chinese guys and you don't necessarily want them in your country.
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yes! for sure on the other hand I doubt they'd have the same social context facilitating exploitation in the US
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Yes, but that doesn't translate to success in America, it usually translates to floundering around not knowing why your old tricks don't work anymore and not knowing what to do.
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thats fine, we've already appropriated their wealth at the border or they anticipate they'll be better off in their niche in red china and dont bother immigrating at all
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Chinese money has been used to purchase houses in expensive areas like Vancouver so the Chinese government can't take it. But empty houses are a negative externality!
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This is a metaphor: the same can be true of people who don't participate in the economy or culture.
End of conversation
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