{"id":30170,"date":"2015-01-21T08:28:45","date_gmt":"2015-01-21T16:28:45","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=30170"},"modified":"2015-01-21T08:28:45","modified_gmt":"2015-01-21T16:28:45","slug":"humorous-take-foreign-buyers-driving-prices","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2015\/01\/21\/humorous-take-foreign-buyers-driving-prices\/","title":{"rendered":"A Humorous Take on Foreign Buyers Driving Up Prices"},"content":{"rendered":"<p>Over in the New Yorker (where the issue of foreign buyers is more substantial than <a href=\"http:\/\/seattlebubble.com\/blog\/2014\/09\/22\/chinese-driven-boom\/\" title=\"A Chinese-Driven &quot;Real Estate Boom&quot; in Seattle? No.\">a few vague anecdotes<\/a>):<\/p>\n<p><strong><a href=\"http:\/\/www.newyorker.com\/humor\/daily-shouts\/stop-complaining-zathbog-planet-cibwarv-inflating-u-s-housing-prices\">Stop Complaining That I, Zathbog of Planet Cibwarv, Am Inflating U.S. Housing Prices<\/a><\/strong><\/p>\n<blockquote><p>I\u2019m told there\u2019s a familiar narrative that unfolds whenever you try to buy property in a cosmopolitan American city these days. You find a place that you like, put in a bid that\u2019s well above the asking price (just to be safe), and prepare to celebrate, even though the place itself isn\u2019t very nice. It actually pretty much sucks. But it\u2019s a place, and it\u2019s sort of within walking distance of some stuff, so you\u2019re excited. Then you get a call from your broker, who says that you\u2019ve been outbid. \u201cDon\u2019t tell me,\u201d you say. \u201cYup,\u201d she replies. \u201cIt\u2019s yet another alien gazillionaire parking cash in American real estate as a hedge against the volatile economy of his home planet.\u201d This story must be getting old, but you have to stop complaining. It\u2019s simply how the intergalactic economic system works now.<\/p>\n<p>I understand your frustration\u2014really, I do. Because of alien magnates like me, you can\u2019t afford to own property (or even part of a floor of a property) in the city where you work and live. And it\u2019s not like you\u2019re middle-class or anything. You and your spouse make a lot of money at the corporate jobs you took so that you could afford to live in neighborhoods full of competing chain pharmacies and consumer banks. You\u2019ll just have to come to grips with the fact that you\u2019re not rich enough. You could look into the interstellar mining industry, where I made my gazillions, but\u2014oh, wait, I forgot, your spaceships are awful and can\u2019t even get to the star systems with valuable deposits. Never mind.<\/p><\/blockquote>\n<p><a href=\"http:\/\/www.newyorker.com\/humor\/daily-shouts\/stop-complaining-zathbog-planet-cibwarv-inflating-u-s-housing-prices\">Read the rest&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over in the New Yorker (where the issue of foreign buyers is more substantial than a few vague anecdotes): Stop Complaining That I, Zathbog of Planet Cibwarv, Am Inflating U.S. Housing Prices I\u2019m told there\u2019s a familiar narrative that unfolds whenever you try to buy property in a cosmopolitan American city these days. You find&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[205],"tags":[1059,1058,1119,1083],"coauthors":[],"class_list":["post-30170","post","type-post","status-publish","format-standard","hentry","category-humor","tag-china","tag-chinese-buyers","tag-humor","tag-new-yorker"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A Humorous Take on Foreign Buyers Driving Up Prices<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seattlebubble.com\/blog\/2015\/01\/21\/humorous-take-foreign-buyers-driving-prices\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"A Humorous Take on Foreign Buyers Driving Up Prices\" \/>\n<meta name=\"twitter:description\" content=\"Over in the New Yorker (where the issue of foreign buyers is more substantial than a few vague anecdotes): Stop Complaining That I, Zathbog of Planet Cibwarv, Am Inflating U.S. Housing Prices I\u2019m told there\u2019s a familiar narrative that unfolds whenever you try to buy property in a cosmopolitan American city these days. 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