Not China, but was surprised to read how much control real estate companies have over California's Democrat run government. Sounds like a bad deal for Californians.
Tucker Carlson exposes real estate companies 'wrecking' America
'Tucker Carlson Tonight' host discusses the implications of rising housing prices in California and failed legislation
https://www.foxnews.com/media/tucker-carlson-real-estate-companies-wrecking-america
excerpt:
....At the behest of his donors, Gavin Newsom is turning the state of California into a swamp. It’s not just happening in California, recently Oregon passed a statewide ban on single-family zoning. This is insane! Cities like Minneapolis and Sacramento have begun to allow multifamily dwellings on single-family lots. Crowding problem, anyone think? Only the government of China, by the way, appears to be doing anything to reign in real estate developers. "Housing should be living and not for speculation," said the President of China. Woo, hate to quote the president of China, but in this case, he is right one of the largest and most leveraged real estate companies in the world is collapsing and China has given the indication they’re not interested in bailing out ever again. In this country, real estate companies don’t just get bailouts, they get to write the law, wreck your neighborhood. And in many parts of America, they will be able to demolish the home next door and turn it into an apartment complex. Great!
Tucker Carlson exposes real estate companies 'wrecking' America
'Tucker Carlson Tonight' host discusses the implications of rising housing prices in California and failed legislation
https://www.foxnews.com/media/tucker-carlson-real-estate-companies-wrecking-america
excerpt:
....At the behest of his donors, Gavin Newsom is turning the state of California into a swamp. It’s not just happening in California, recently Oregon passed a statewide ban on single-family zoning. This is insane! Cities like Minneapolis and Sacramento have begun to allow multifamily dwellings on single-family lots. Crowding problem, anyone think? Only the government of China, by the way, appears to be doing anything to reign in real estate developers. "Housing should be living and not for speculation," said the President of China. Woo, hate to quote the president of China, but in this case, he is right one of the largest and most leveraged real estate companies in the world is collapsing and China has given the indication they’re not interested in bailing out ever again. In this country, real estate companies don’t just get bailouts, they get to write the law, wreck your neighborhood. And in many parts of America, they will be able to demolish the home next door and turn it into an apartment complex. Great!