The phrase
"rich foreigners" refers to wealthy individuals from other countries.
Full definition
After all, if there's one tax people can get behind, it's a tax that targets
filthy rich foreigners (the Liberals said the funds will go to new spending on «housing and rental programs»).
While rich foreigners are coming to Canada to park their wealth (legit or otherwise) in real estate, rich Canadians are running away instead!
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.
Why Washington Is Making It Easier
For Rich Foreigners To Buy U.S. Real Estate (link is external), (Forbes, Feb. 3, 2016).
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.
Elites — princes, oil executives, military chieftains,
rich foreigners — win.
Some residents were appalled that
rich foreigners would be snapping up local property, inflating prices and shutting their kids out of the market.
Viyada, a Thai soap opera actress in her mid-30s, finds herself increasingly pressured by her husband Jerome,
a rich foreigner entirely devoted to a charismatic cult leader called The Holy One.