Posted on 04/03/2014 2:50:03 PM PDT by SeekAndFind
China: The newest colonial power.
They don’t have to take it home,they are building housing,corporations,museums on the property,they are then going to import Chinese workers to live and work in these China Cities.
Don’t worry they won’t nuke their own cities would they ?
Americans will have no problem with it as long as the Social Security checks keep coming and the food stamps and free phones keep being handed out
That may have been meant as a joke, but China is the newest colonial power.
Foreigners cannot buy land in China.
Chinese however can buy land here, and we are running a (massive) trade deficit with China now.
So not only does China not allow foreign land purchases, we continue to support their government factories.
China has five times America’s population.
Wake up people.
——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.
Mineral rights are separate from property rights.
In a weakened America, any perceived or fabricated threat to Chinese nationals might be used as a pretext for Chinese military intervention to “protect them.”
Bingo.
Both of America’s parties, are completely in bed with the Chicoms.
The Chicoms however, are protecting China and selling out America.
We need to produce things right here. We need to buy American, and hire Americans.
Neither party is currently looking out for our country. Nobody is apparently.
Our national budget is now terribly negative, yet we have two big national parties who continue to simply sell out.
Republicans. Democrats.
Everyone.
If you see a mosque going up, you may want to take a page from the Islamic playbook.
BOOM!
Dumb question:
Couldn’t people in China read Zillow (and other real estate) listings directly on the net?
The only dumb question is the one unasked.
How many Chinese are comfortable with a website in English? I assume the Chinese site is translated.
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%.
There is a significant issue however:
China does not allow Americans to principally invest in Chinese land. There is (always) a primary Chinese owner.
That becomes a bigger issue, the more money the Chinese have. And China is currently exporting MORE than America does.
We are holding the short end in this deal. Big time.
“We are holding the short end in this deal. Big time.”
Maybe. Maybe not.
My own view is that China is on a short fuse. Demographically, they are, right now, at the their peak. It's pretty much downhill from here. The Chinese are no longer the low wage economy of the world. Any number of other countries have up-and-coming employment sectors where workers will work for less than the Chinese. The Chinese have likely squandered stupefyingly large amounts of capital on dead-end capital projects in their own country, and the downsides of these projects haven't yet become apparent.
There are any number of reasons to think that the Chinese are peaking, and that by, say, 2030, folks who worried about China “buying” the US in 2014 will seem like folks in the late 1980s and early 1990s who thought we'd all be working for the Japanese by now.
To provide a little perspective, the Chinese own less than $1 trillion in US dollars. While that's a considerable chunk of change, if they spent the ENTIRE WAD on US real estate, they wouldn't own but a couple of percent of our real estate.
The US has a lot of problems. I don't know whether, as a country, we'll outlast and overcome those problems. But letting Chinese buy some of our real estate is not one of the five or ten most pressing problems our country faces in the next 10 or 20 years.
sitetest
Just saying:
In 2013 the Chinese sold America 440 billion of goods and services.
In 2013 the Americans sold China 122 billion of goods and services.
That is a trade deficit of something like 318 billion. Just last year.
And it seems to get worse every single year.
IIRC, the japs went for more high profile urban property than the Chicoms are doing.
The topic of trade deficits, though not unrelated, is nonetheless, not the issue of the article.
The article seems to suggest that China is going to buy up all of America, including our real estate. It mentions figures of 10%, 20%, and 30% of our real estate.
But the truth is that last year, China in the aggregate bought real estate valued at the equivalent of about four hundredths of one percent of just our residential real estate. At this rate, by 2040, they'll own one full percent!!
And by 2040, it's likely that China will be a spent force.
We have problems, and some of them are related to China. But this isn't in the top 10.
sitetest
Maybe I’m naive but I’d think any Chinese folks prosperous enough to purchase property in the US would have some decent command (especially the written form) of English.
Stats indicate there are 300 million people in China who have studied English.
Probably correct. The only other reason I can think of is that the Chinese gov’t keeps tabs on who is looking by monitoring the website. They might want to know who has money who is not supposed to have money.
Probably more truthful than OUR government stating that unemployment is under 7%...
Sad day when I trust the Chinese commies more than Washington D.C.
some are chicaps
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