Quote:
Originally Posted by Vin
$560,000 with a 10% downpayment on a townhouse in Langley is hardly "outbdding" anyone. Any local student can easily do that and not "challenged" by such a foreigner. Only difference is that a local student in his/her 20s is probably spending money elsewhere and wouldn't have the guts to invest on a property further away. Although a foreigner, this student is borrowing from people around her, and just like anyone else, would be paying mortgages with interest rates. The money she loans from her parents is never proven to be "corrupt money". She is also probably paying 3X the tuition fees that local students here are paying. On graduation, she may choose to live here and contribute to the economy here by working and paying taxes. What more do you expect for a potentially legit immigrant who can contribute to your retire funds?
If this person were an American or, say, Italian, no one would be batting an eye.
Again the backlash here has a racist undertone.
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Yeah right. So many students I know just have $56k lying around from working at the mall.
Save the sob story for SUCCESS.
She "may choose to work here" or she may choose to just flip her condo and drive up prices further. There's the expectation of profit with this kind of purchase otherwise she would just rent.
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