Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: cba123

Much of Honolulu is being purchased by Chinese interests, causing a huge runup in prices and increasing inability of local people to buy homes.

Congress has been quietly considering passing legislation (”CFIUS Section 721”) that would ban China and other foreign nationals from buying real estate in much of the U.S., but it is probably too late and may be deemed unconstitutional as racially discriminatory. Among other things, on Oahu it would require all foreign purchases of real estate to be approved by the President and the Department of Defense. Again, probably too late since China is in the process of buying up much of the U.S.


4 posted on 02/28/2018 10:10:56 PM PST by kaehurowing
[ Post Reply | Private Reply | To 1 | View Replies ]


To: kaehurowing

Info on the legislation to try stop Chinese buyup of United States real property and takeover of technology:

https://www.lexology.com/library/detail.aspx?g=45ff595c-ed91-4156-a97b-bbdb27a357b7


5 posted on 02/28/2018 10:22:15 PM PST by kaehurowing
[ Post Reply | Private Reply | To 4 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson