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Makes for a very angry native population who are being pushed out of the places they were born for new arrivals. We'll never be able to build enough housing to account for the continual flow of well to do immigrants and native population.
I can’t count a single immigrant in my network that was rich by American standards (which makes them filthy rich by most other nations standards) and then chose to move here.
Sure my sample size is probably 30 families (across a dozen countries) but that’s not nothing.
Every single one built their net worth here. Meaning that opportunity is also available to natives.
These people are too rich to talk to you.
https://www.benhams.com/news/london-property-market/foreign-...
"almost 27% of the total London properties sold in Q1 2024 were acquired by foreign buyers, recording a 3% YoY rise."
Note that "foreign buyer" and "immigrant" aren't precisely the same thing; you can buy property in the UK without having to be resident.
If you’re meeting someone who has a Masters or PhD from a US university and came from another country - often their family is well off. Certainly better off than a typical middle class family in the US that can’t pay for college for their own kids and aren’t even paying international rates.
It made it extremely difficult for us to buy our house because we kept losing out to all cash offers from China, and that was 10 years ago.
My point was meant more that I also knew tons of immigrants that made their money here with the same opportunities available to locals, and not some unfair advantage.
It wasn’t long ago when the experts were warning about over population.