J____ | 02-10-2011 11:11 PM | Quote:
Originally Posted by Carl Johnson
(Post 7300953)
I am fine with foreigners coming into this country and buy up properties. Because we Canadians do the same as well like in states and Europe. But let's face it, many of these Chinese millionaires who are buying properties here got rich through some type of fraud and tax evasion in the past. If the CBSA and CRA wants to play hard ball and dick around with them, some of these guy could face criminal and civil charges. | yes there are ppl who evade tax and use fraud as a source of getting rich. But don't generalize it upon the majority. Lots of Chinese are rich these years because of the huge boom in china's economy in the past 10-20 years. Being in the right place at the right time + the I don't give a shit about my health mentality and drive to earn money the Chinese have, you'd ought to have a few millionaires. This doesn't mean everyone's money is dirty. Being a millionaire is nothing in china these days, most people are valued in the billions. Besides, even if they do get rich from evicting tax/cheating the system, they're smarter and more ballsy than the majority of the public. Fraud in china is mainly targeted towards the government/official state, and it's not exactly a cake walk to steal money from a communist government like China.
In the next 10 years, you'll see another rise in our real estate from the influx of Indian real estate investors as India is in the same economic state China was 10 years ago. If you can't keep up with the changing world and competitive market as the 3rd world countries become rich, then move to Kamloops and enjoy your $30k salary and $200,000 houses. Just because you were born in the white house it doesn't mean you'll be president.
Now do you guys understand how the Native Indians felt 200 years ago? |