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this post was submitted on 03 Feb 2024
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It simply makes no sense that it only blocks Chinese citizens specifically.
I don't want anyone to buy/own housing which goes uninhabited for a long time while there are so many homeless people who need a place to call home.
It's difficult to imagine a person struggling to buy/rent an apartment/house, and for them to get mad about nationalities, rather than the fact that housing needs to be an "investment opportunity" over being recognized as the basic human need that it really is.
I hardly care if it's Chinese people, Wallstreet, some Big Tech corporation, or just individual landlords driving up prices.
Housing must be accessible to all people, if a society wants to call itself civilized.
This bill going against Chinese citizens, rather than all foreigners tells you all you need to know about the real motivations behind it.
I think it's because Chinese people specifically hold a lot of real estate investments globally. With foreign-owned AirBnB a problem in many major metros, it's a problem that does need to be addressed. I suspect the issue is that they wanted to address it but still allow, you know, wealthy white investors, so they made it about nationality rather than other factors.
So yes, the law is a good idea but needs to be applied globally rather than targeting a specific ethnicity.
Yes, basically agree.
But I just think it's kind of obvious why they only block one ethnicity, I believe protecting consumers was only the second priority here.