They can put as much of their assets under our jurisdiction as they want.no matter how much they buy, they can’t take it home. Now, if state like Idaho, for example, wants to give them special rights, privileges or a legal “pass” for pollution laws, that’s another story.
How many of them are government fronts?
I wish they’d buy a condo in downtown Seattle - within walking distance of Seahawks stadium....
Dumb question:
Couldn’t people in China read Zillow (and other real estate) listings directly on the net?
Is it blocked by their govt?
Good for Zillow. Our economic prospects are dismal due to stupid voters voting for socialism, so we might as well go out with another housing boom and bust.
“Attitudes in the U.S. are going to have to change, because the U.S. will not permanently be the global leader,” Mr. Bullard said.
Realize here that a lot of work had to be accomplished by enemies of the Republic to get to the point where you could say that with any semblance of credibility...
Japan was doing this in the ‘eighties, just before their economy went belly-up.
Yeah, but what are they gonna do with the natives?
I would just like to point out, that no such huge purchasing of Chinese land by Americans is going on, because it is not allowed.
Just saying...
China: The newest colonial power.
——Has the United States ever experienced a time when a foreign nation has attempted to buy up so much of our land all at once?-——
Yes, of course it has.
Most recently when the ¥ was strong, the Japanese corporations were buying everything in sight, from raw land to golf courses to new condos they built from scratch.
Historically, Europeans bought lots and lots of the American west as we was pushed westward in our growth.
It is not really farfetched to say America was built in some manner by foreigners buying American real estate.
None was carried off, we still have it all.
We have to pay off the debt owed somehow. /s
“So what happens when we get to the point when the Chinese government and/or Chinese citizens own 10 percent of all the real estate in the entire country?
“Will it be a problem then?
“What about if we get to 20 percent or 30 percent?”
The residential housing stock of the United States, without counting any commercial real estate, is valued at over $25 trillion.
“Chinese buyers spent more than $11 billion on U.S. real estate last year,...”
At that rate, it will take a little while to get to 1% of our total real estate value, no less 10% or 20% or 30%.
They certainly seem to be taking up a lot of space in the casinos.
Money is no object.