[CurlyDave]

When someone from China buys a house in the US, money moves into the US. And, the house stays right here in the US.

Looks like a win-win for the the good old US of A.

[Cringing Negativism Network]

China has nearly 5 times as many people as America does.

Yet Americans cannot buy land in China.

We need to begin protecting America. We have sold out our very own nation for far too long.

Equal laws. Now.

[bert]

yep

[roadcat]

When someone from China buys a house in the US, money moves into the US. And, the house stays right here in the US.

I see a win-win here. My wife and I are currently remodeling her mom's house in San Francisco, as her mom is now living in an assisted-living facility. Every week, real-estate agents are dropping postcards and flyers about what they sold nearby, hoping to entice us to sell. Costs of homes here are going up about 10 percent in price every year. Many of the real-estate postcards brag about the ones that sold for 3 or 4 hundred thousand over asking price, and as all cash purchases. I'm talking about $1.2 to $2 million in cash. Clearly many of these are Chinese buyers.

The win-win is that they are also dropping big bucks into fixing these homes, lifting the quality of the neighborhoods. Gentrification going on everywhere. Who wants dilapidated run-down houses and neighborhoods? Bad thing is kids can't afford them, unless they get really good jobs. If the real-estate bubble pops, the fixed-up homes will still be pretty and nice.

[riverdawg]

As long as we buy more goods from the Chinese than they buy from us, the “excess” money they receive has to go somewhere; U.S. Treasury bonds, U.S. real estate, or other types of U.S. assets. We went through the same cycle with the Japanese in the mid-to-late 1980s, when there was much hand-wringing over Japanese purchases of Pebble Beach and Rockafeller Center.