General Urban Cambridge Updates and Rumours

[plam]

Take the rich asians buying up our housing as an example. This is a legitimate problem. I grew up in china, I've seen it firsthand, fall out of favour with the CCP and Canada is one of the top destinations to send you money, with real estate being one of the main investments. It is a legitimate problem, unfortunately all the anti asian bigots take the problem and turn it into a racist one.

Since we're discussing various things not directly related to urban Cambridge... NZ banned non-residents from buying real estate in 2018 and that did nothing to decrease the prices of houses in NZ. It does happen in Canada that overseas investors buy houses, but I don't think it increases the prices significantly. That would likely be Canadians.