There's a lot of speculation that the influx
of rich foreigners is inflating prices and squeezing the local middle class, many of whom say they're being priced out of the market.
Not exact matches
Canada is one
of many developed countries willing to let
rich foreigners buy their way in.
Some residents were appalled that
rich foreigners would be snapping up local property, inflating prices and shutting their kids out
of the market.
These
foreigners came, settled and prospered in various avenues
of life and so they became
rich and influential, and in one way or the other, they aroused hatred and jealousy in the general population.
You might think they're talking about current American politics: There is no money in the national treasury for more social programs like orphanages and vaccinations; The military budget must be cut; The
rich are intent on keeping their tax privileges; Members
of the legislature continue to beat down all proposed reforms
of the leader; The conditions
of the poor are getting worse; Some religious leaders insist that the Earth was created in six literal days;
Foreigners must be deported.
This sort
of thinking is not new though, and Charlie Chaplin once lost a paternity suit, despite having proved the child was not his, when an appeal was made to the jury that such a
rich individual, a
foreigner made
rich in the US, should pay for a poor woman's child.
; analyzes the connection between RAF tactics in WWII and the way the English play; explores history, real and imagined; contrasts the English view
of themselves and
foreigners; and mines the
rich vein
of fatalism that fuels English humor.
Parrot and Olivier in America is a
rich, intricate historical novel which places two very different
foreigners in the middle
of a completely alien society: American democracy in its infancy.
While the rest
of the population generally resent them, the
rich families show us
foreigners how to appreciate winter and celebrate Spring Day in style.
In addition to its stunning and dramatic coastlines, gorgeous beaches, and
rich history, Lagos is also known for its nightlife, drawing in lots
of young
foreigners looking to continue the fun after watching some
of the most gorgeous sunsets in the world — surely one
of the best places to see in Portugal.
But the truth is the Vancouver real estate market has felt the impact
of foreign money — in particular, money from
rich foreigners.
Some detractors
of this data argue that
rich foreigners only invest in luxury properties — purchases that don't impact neighbourhoods (and prices) where regular, middle - class Vancouverites choose to buy homes.