More work for accountants and lawyers to get around the restrictions. More houses owned in the names of people's kids. More demand to make sure their kids get citizenship in an economically liberal country. Less privacy as the government will need transparency from everyone.
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these all sound like extremely useful barriers of entry for (increasingly) the chinese middle class, which is now competing with our own middle class for affordable homes in florida, texas, georgia
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i meant negative second order effects
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this is what i’m hoping for tbh
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why would the chinese government even mind? their citizens are buying property abroad to escape their government’s reach.
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Jeez no one wants to answer your question hey. 1. Decrease in foreign uni enrolment. 2. Diplomatic spat - even if the central gov wanted to stop cap flight, this would be a bad look. 3. Increase in capital flight to Can and Aus
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4. Not an expert on US property market, but potential marginal liquidity problems if developers have a pipeline based on foreign demand (not sure of magnitudes here). 5. The advent of many businesses designed to frustrate the ban/arb the regulation
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