Had a lovely WeChat conversation with my 96 year old revolutionary grandfather a couple days ago and at one point he hit me with the "You should buy property over there to rent out, it's very lucrative, and you should take the {老外|lǎo wài}'s money and spend it in China"

I actually had no idea how to respond to this financial advice. Like at face value, the housing market is a bubble and could collapse at any moment, and also I'm not sure how moral being a parasite would be even if you're leeching off of the benefactors of colonialism and western hegemony.

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[–] Wheaties@hexbear.net 12 points 4 months ago

Practically, a bunch of states passed laws forbidding Chinese citizens and companies from purchasing land, so it may be a bit of a hassle finding a place where you even could. On top of that, local companies that contract out rental management are somewhat notorious for violating tenant rights. Finally you have the timezone difference.

Sounds like more work than its worth.