Comments by "Tony Wilson" (@tonywilson4713) on "DeSantis BANS Chinese People From Buying Florida Property | The Kyle Kulinski" video.

That's a very similar argument that's been raging here in Australia for most of the last 30 years. Under the mantra (and its only a mantra) "ALL FOREIGN investment is good" because its CASH coming into the economy. The banks love it because they get the currency transfer fees. Where this has been a disaster for us is that we have become a great place for people to hide money in housing properties (both houses and apartments). That has jacked up the price of housing to insane levels. The banks love it (as said) BUT - so do the real estate agents because they get bigger fees. - so do the people who are selling especially retirees who are cashing out their investment properties. - so do the developers of large apartment complexes. For everyone else its a farking nightmare because BOTH rental prices are soaring and house prices are soaring. The catastrophe that' snow beginning to unwind is that people can NO LONGER take out loans because they just can't afford them. Then there's 1,000s of people who bought when interest rates were low but they bought at premium prices and now that interest rates are rising they many of them are under immense mortgage stress. PLUS we have between 5 and 25% increase in electricity due to 20+ years of stupidity (FYI - I'm an engineer) that's hammering every part of the economy because every house and every business (largest to smallest) need electricity. This stupid policy of "All foreign investment is good" is killing my country just like its killing other countries.
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@steffengustavsen9678 At first I thought you were ranting but the second half of your comment describes the AUSTRALIAN situation perfectly. Almost 20 years ago the government of the day cut the tax on investment property gains by 50% we are now so trapped by that system we can't get away from it.
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@johnbrown8570 Its not simply capitalism but the TYPE of capitalism we are now running. Remember up until the 1970s most of the world operated on Keynesian economics, before that was "laissez faire" economics running on the gold standard. After Keynesian came The Chicago School Neoliberal Free Market with minimal regulation and privatised everything that was the brain child of clowns like Hayek and Freidman. What their acolytes can't accept is that just like Keynesian economics their time is OVER and we need to move on. We should have moved on after 2008 when it became obvious that their version of economics didn't work for 90% of the world. Instead we got this stagnant merry-go-round nonsense we're trapped in.
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