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How do you feel about the Michelin Guide giving a restaurant a Michelin star without their notification or permission?

Of course it's an absurd analogy, there would not be much value if there is no underlying property you can make use of. But I think it illustrates the point well: if the high prices were caused by absent foreign investors, 101 would not be jammed.

More realistically, investors rent out the properties they buy. So a market with tons of foreign investors spending irrationally would have an undersupply of homes to buy and corresponding oversupply of homes for rent. Renters would get a great deal and buyers would get bad ROI.

That part in the middle of South Beach is a weird little restaurant desert. However if you are willing to make the 10 minute walk I'd recommend the Delancey Street Restaurant for a nice place for brunch with a good social mission. I had many a mimosa there when living in the corporate housing across the street.

+1. If the problem is that absent foreign investors are buying up all the housing stock, maybe we should make a 100 story tower on some parking lot in SOMA and sell each floor as a $5M luxurious penthouse unit with the stipulation that the buyer must reside out of the country. Boom, we just took a bunch of those foreign investors out of the market without increasing traffic and decreased the annual US trade deficit by 1% to boot.

Fundamentally, if people outside the country want to buy our housing, we should be happy about that, and create jobs by building housing to meet the demand. Imagine if our reaction to Chinese demand for Buicks was to limit car manufacturing and complain that foreign investors are making Buicks unaffordable.

I can't agree, there are lots of restaurants in SOMA as well as the city's best nightlife IMO.

> (with my earbuds on, no music, because this thing is so noisy)

Have you tried a pair of closed-back headphones?

> Disclaimer: I don't really have much of a stake in ethereum, although I made some money off of it during the craziness last month (I cashed out when early warnings about the DAO hit hn, and bough back in when it was at the bottom, and cashed out again)

Ah, the old disclaimerbrag. Other classics:

> Disclaimer: I own Apple stock, in fact I bought thousands of shares in 2002.

> Disclaimer: I'm not a lawyer, but I am a doctor.

> Disclaimer: I'm a member of the Democratic party, in fact I was a guest at Hillary's daughter's wedding.