People complain about Blackstone and all these rental companies buying up homes to rent them out. But as I look through the property owners for the rentals in my area, the majority of homes that aren't being listed by corporations are listed by Indians with phone number that aren't even local. I look up their names on LinkedIn and they universally went to some random school in India, became a consultant at Tata or Infosys and somehow have bought up homes nowhere near where they live and are renting them out. Love watching the country get whored out at every level. Renting a home from Rakesh Raju who lives 800 miles away is definitely preferable to some soulless corporation

I've worked with dozens of them.  They work their asses off. They don't drink or smoke. they save their money. They focus on their careers and families.  


The Indians aren't the problem.  It's lazy assed, whiney Americans who think they are owed something.

Bro, I have a friend from Vietnam who is a strong conservative and supports Trump. And also I met an Indian dude who seemed really nice.

Why shouldn't we have mass migration of people who overwhelmingly vote democrat? Why shouldn't we have a lot more foreigners who overwhelmingly vote democrat chasing after a limited supply of homes and buying them up causing rental and housing prices to continue rising exponentially?

Sounds like you might be a bigot if you disagree

Not blacks.  Over 90% of blacks reportedly note for Democrats.  Democrats who love the Great Society welfare programs that have destroyed the black family.    I wonder if there is any correlation between the massive black bastard rate and black crime/imprisonment.

Many of them are here illegally.  They enter on an H1B or tourist visa and never leave.  No one ever comes looking for them.  
The techies work on a 1099 basis.  No withholding taxes.  

Those properties are cash businesses.  Again, no taxes.  

They overwhelmingly vote democrat and are the most cliquey, nepotistic people you will ever meet, but no big deal! Let more in. They voted 68% for Joe Biden, they are a great asset to America.

They work incredibly hard at producing unprofitable, non-tangible, bubble-related tech fugazi that does not materially benefit the avg American

700,000+ Indians in the USA illegally.  Those are a problem.  

So you’re advocating for a one party system?

You’re so scared of someone voting differently than you you’d prefer a king? As long as the king shares your views?

Am I following along correctly?

Oh ya……. And said king bans all non whiteys?

So you're advocating for importing more people from abroad to bid up housing costs, overwhelmingly vote for leftists causes and strip away the 2nd amendment?

Am I following along correctly?

Imagine being that disconnected from reality. This country is going to be even more amazing in a few decades as the flood gates of immigration remain open

Many foreigners pool their site resources and become entrepreneurs to buy businesses, rentals, etc.  Sad that Americans haven't learned this.  I blame bad parenting, bad schools, and social media.

Rugged individualism only gets you so far.

Lol. Just because I’m not afraid of people who vote differently than me and look differently than me doesn’t mean I advocate for open and unchecked borders.

You’re trying to deflect your overt racism and fear of anything not in your echo chamber.

I’m sorry people who have a higher financial IQ than you have bought ALL your houses.

It’s totally the brownies and democrats fault.

Their money is just as green and anyone's.  Capitalism doesn't care.

Should I be allowed to own land in Spain or Argentina as a Non-Citizen? Non-Resident?

Even restrictive markets like Mexico have regional limits and provisions for foreign ownership through  Fideicomiso - tho that's more market pressing than a governmental intent.

What if my RE Assets are owned by a Trust or LLC? Are we talking only Single Family Homes or is it ok to own Apartments corporately?

Much unintended consequences resulting from otherwise well intentioned interference in market dynamics.

We'll see how that shakes out. Demand pricing is ok for travel but not rents. It will be interesting to parse that prosecution when it's done. Many in the industry will need revise their policies and processes I imagine.  

The funny thing, this has been done on an ad hoc basis for a long time through rent surveys almost every management entity uses. Sophisticated operators use proprietary data collection to set rents daily. The problem might be the sharing, but I'd like to see the collusion proven rather than alleged.

Dozens.  I've offshored more than 5000 FTE's.  I've managed hundreds of H1B's.  And I've been on the board with H1B and Greencard holders making strategic plans decades in advance.  

Your insight into their culture is surface level at best.  You only have a limited experience with them.  The things you point out are mostly true (they drink like fish, just not in front of you)...but you miss a BUNCH of other things.

First Nepotisim.  This is just a part of their culture.  They will hire their brother, sister, cousin and put them in place of people who are better suited for the role in an instant.  You will never get away from this.  That is a fact.  Sometimes this can be beneficial, but often it's at the detrimint of the overall organization.

Second Caste system.   Basically cultural racisim.  If you have the wrong last name, you can't get a promotion.  There's a glass ceiling no matter how damn good you are.  Which sucks for that individual, true, but can be a real problem for the organization too if you have a shit manager or director with a subordinate that's a rock star but just happens to have the wrong last name.

Third anti-assimilation.  People on an H1B have NO INTEREST in assimalating into American life or culture.  None.  They are here because of their family, to get money, and it's on a limited timeframe.  So they are maximizing their profits to go home and be better off than they were.  This means that they may learn about American culture, but they won't adopt it in practice.  This is more of a problem for the communities they temporarily reside in, but can be an organizational problem as well.

Fourth, intellectual property rights.  The only people who steal intellectual property more prolificly than Indians are Chineese.  And, the Indian laws do not allow for protections or reclimation of those things.  If you need to be educated on how bad this is then lord help us.

If you are aware of all the negatives the Indian culture brings to the table, you can plan around it and leverage the benefits they bring to the table for mutually beneficial relationships.  But you're rose colored, there's no drawback's view of the Indian culture tells me you are wet behind the ears and have a lot to learn.

How old are you?

Not surprising that you'd latch onto racism accusations in a thread discussing non-American caucasians of different ethnicities. It's right in line with your understanding of free markets and capitalism- which is to say you have none based on your posts in this thread.

Attached File

Same reason as anyone else, diversifying their investments.

I grew up going to school with some Indians.  They have a substantial population in my area and I work with and deal with them on a daily basis.  I've lived in the same area my entire life.

I would disagree with your comment.

Well, we just need the government to step in and mandate who property owners can and can't enter into contracts with.  That would solve it.

Where!?

Op: "I lOvE cApItAliSm"

*captialism happens*

Op: NnnnoooOOOOOOoooo NoT lIke ThAt.

This is gayer than Richard Simmons starting an OF account.

Explain why allowing foreign land ownership is a bad thing please.

I think if US citizens can’t buy land there, they can’t buy here. That’s only fair, right?

It's pretty clear from this thread that he's a globalist, and probably hates whites.

https://www.businessinsider.in/stock-market/the-true-story-of-the-1980s-when-everyone-was-convinced-japan-would-buy-america/slidelist/41812762.cms

Japan will own AMERICA!

I argue that TN and H1Bs have done more harm to the American worker and our country than most illegal immigration has.

We should mainly just quit allowing mass migration and return the H1B's and illegal immigrants to their homes. But I get it, that's mean and racist.

It's actually not a big deal having millions of people from vastly different cultures move in, scoop property up, entrench themselves, buy up entire neighborhoods, become cliquey and nepostic, overwhelmingly vote democrat and not having any unifying or cohesive culture and values.

America was founded solely on earning money. People exist to make money and fuck everything else. All that matters is line go up. Screw any unifying culture, social cohesion, and personal space.

Clear cut more tracts of forests so we can developed more cookie cutter homes, apartments and Costcos for the millions of future socialists that will vote us even further away from the America that previously existed.

Capitalism works best when it turns into crony capitalism and has unchecked migration of leftists that vote the capitalism away.

Without name calling or stereotyping, I really would like to hear the benefit of allowing foreign real estate purchases. I can’t think of any, maybe someone can expand my worldview.

We should have never let foreigners own land.

Or let the children of foreigners get citizenship for just being born on our soil.

Yeah wait til you're the last non Indian family around and your wife or daughter gets gang raped while out on a walk.

A king that shares my views is infinitely better than anything else.

Democracy is fake and gay.

This is the real problem. Mixing a fantastically racist group with peoples housing is asking for problems.

If you own a house or a portfolio of rental properties, it helps increase the value of your homes and you can raise your rent when there are millions of foreigners chasing after the same finite supply of homes.

As long as you were born before the mass migration and were able to snatch up a nice little slice of America for yourself before things got crazy, you're in the money and sitting good.

And if you were old enough to buy a nice little portfolio before the mass migration really got going, you're also old enough to die of old age before America becomes an unrecognizable, ungovernable shithole where said migrants become the majority and vote in full on socialism. The timing works out perfectly. Oh, and you're a bigot and hate free market capitalism if you don't think this is a good thing!

Competing in a global market gives the seller more choice. A peepeepoopoo lassez Faire capitalist would call that a good thing, but it's clearly not a net positive for the people that live here. It's not like it's reciprocal. The average American can't afford an overseas property (If the country in question allows it at all, which many don't), nor is it practical to buy one as a primary residence unless your goal is to expatriate.

I'm not opposed to foreigners owning primary residences here in specific cases (retirees that want to expatriate to America are probably a net benefit) , but there's not really an upside to letting them own investment properties.

Japan - Population 110 million with declining demographics and wealth acquired from an asset bubble that subsequently popped.


India - Population 1.4 billion and rising.
China - Population 1.4 billion
Latin America - 600 million and rising
Africa - 1.2 billion and rising
Middle East - 500 million and rising


Let them buy all the US property they want. Free markets!

You know there is a correlation between destruction of the nuclear family and crime rates. That crosses all races, broken families increase the likelihood of future problems with offspring.

Yes, it was 50 years ago ..  your statistics are from today

"Enjoy your free markets and capitalism when the demographic that allowed for that is the minority"

Dudes advocating for a white ethnostate, what else would you like to call it? Most people that talk about the white race becoming the minority are in fact racist. Also the white race is already a minority from a global standpoint.

The real question is why the millions of H1Bs?

Why do people keep voting for people who hate them? Stop importing cheap labor. Train Americans.

Wanting to reverse a demographic decline is not advocating for an ethnostate. He's simply advocating for what he believes is in his own best interest, which everybody else on the planet is apparently allowed to do, except for white Americans and Europeans. There is inherently no reason why we have to allow an endless supply of foreigners entry to our country.

This.

They did it when white property owners wanted to decide who to rent to.

Don't act like any policy of racial "equity" in America doesn't boil down to "fuck whites and especially fuck whites if they want to choose who they associate with".

I don't like capitalism if it means my family is disadvantaged in the country I was born in. It's an economic system, not a diety to sacrifice my children to. Try again.

How was your trip to India? Did you enjoy your view of the Ganges river. I'm glad to see their hard work ethic culture taking a foothold over here.

Neither are the case. One if you cut off foreign ownership of land do you think you would have foreign car companies or manufacturing facilities coming to the US? What about biotech companies that have foreign ownership? Should we be able to buy land and houses in other countries? Because in 90% of countries we can purchase land and houses. But keep with your stupid argument that I hate whites just because I don't hate non whites.

I hate to piss on your point here, but historically America WAS meant to be a "white ethnostate" (which as near as I can tell is just when white countries put the interests of their founding populations above those of more recent arrivals) Regardless of how you feel about that being a bad thing or not, the facts bear it out.

To prove my point, at the outset the country was founded with only white males allowed to vote. What term would you use for such an arrangement if not a white ethnostate? And if that's not a white ethnostate, then I guess anyone advocating for limiting the franchise to white males can't be accused of advocating for an ethnostate then? You're either wearing rose colored glasses when looking at our founding, or you're starting American history at 1900.

It isn't capitalism when the door doesn't swing both ways.

I shouldn't have to explain that to you.

So a corporation cannot own an apartment building?

No problem with foreigners owning properties in the US as long as they are from countries that are part of NATO who are in compliance with their dues.
If your country is free loading on NATO no property for you. The sale of any land designated farm land could never be sold to any foreigner regardless of NATO status.

It's so easy to call immigration controls racist and virtue signal from a state that is 80% white.

Why don't you practice what you preach, get out of your white comfort zone and move to a nice, diverse state or city?

Come move to a neighborhood that is all Indian or Hispanic. Where no American flags are displayed. Where 4th of July is not celebrated. Where people don't make eye-contact with your or even acknowledge or waive at you when you pass by.

If wanting to live in a place that feels like quintessential America makes me a racist bigot, then I guess I am. I don't hate Indians and foreigners, I just don't want to live in a place that feels like a foreign country. If I wanted to live in India, I'd move there.

Every other people-group is allowed to have in-group preference, and they do. The Indians that live here clearly only want to live around other Indians. And not only that, they only want to live around Indians within their Caste. That sounds pretty bigoted to me.

Deny this at your own peril. Many cultures are not compatible with your way of life and do not share your gooey, feels-based view of the world. Certain cultures don't, in fact, mesh well with free markets and are collectivist in nature.

In 20 years you'll realize all this Kumbaya bullshit was silly.