I saw a segment on CNBC about firefighters in Silicon Valley.
A significant number commute over 100 miles each way.
(admittedly with 24 hour shifts that’s not like driving every day)
This would help drive realestate prices down because the city is full of absentee Chinese owned houses that are rented for high rates.
Their are consequences to sending billions of dollars to China every month for years at a time. Eventually, we'll all be working for Chinese owned businesses, today (and since the late 1980s) you are likely to be competeting with Chinese cash to buy property, and if you can't you'll end up renting from them.
Yeah, I don’t see how that’s sustainable.