Chinese buyers have driven up housing prices in many parts of the world to the point where there is not enough affordable housing stock for local populations.

Many countries are in the process of enacting laws against non-citizens from using real estate to launder money.

Westerners are not allowed to own property in Asian countries - not even if you are married to a local.

Many Asian countries have laws which were enacted long ago to protect them against foreign ownership which could result in a national security threat. These laws also ensure that there will be homes for the children of their own citizens.

When are we going to enacted laws to protect our country from the same?

Questions should be raised as to where this money is coming from.
It is illegal to take this much cash out of a country, so these all cash buyers are already breaking the law before the transaction occurs.

This is creating tensions throughout the world, and not only in Silicon Valley.

Properties are sitting empty in many cities throughout the world, while local populations are struggling to find housing.

There needs to be reform.

American citizen have come to resent and fear Chinese immigrants because of what they have done to our housing market. Home ownership is out of reach for the middle classes for the first time ever in our history.

The same is true for a college education, especially grad school. The Chinese government pays tuition for a graduate degree from anAmerican University. As a result American kids have been displaced by Chinese immigrants, especially in the UC system, where Janet Napolitano has made it known she wants the higher tuition theypay

Look at all the foreign-manufactured items in your house or business, multiply by the population of Americans also buying these goods, and then tell me where we expect all those dollars to go?

It is not only Americans who are upset about what is happening.

From a March 15th article in the Financial Times of Sydney.

"Australia is tightening scrutiny of foreign ownership in agriculture and real estate to combat public fears that Chinese investment is forcing up house prices and could potentially undermine the country’s food security".

You can read more here if you wish.

Web Link

And many other countries are reporting similar tensions.

From not enough housing stock, complaints about empty residential homes, packed universities, and record levels of cheating never seen before in Western academic institutions.

Now is there any evidence that Chinese buyers are pushing up housing prices (as I've seen plenty of evidence to dispute this) or is this just straight xenophobia?

Who is having a greater impact on Palo Alto home prices, Chinese immigrants or American techies hired by local companies like Google, Facebook, and all those startups that are eating up the retail space on University Ave? I'm betting that American companies have a 100 bigger impact on real estate prices than the immigrants.

"The Chinese government pays tuition for a graduate degree from anAmerican University. As a result American kids have been displaced by Chinese immigrants"

So why doesn't the US government finance American kids through college and grad school?

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