We should follow Japan's (I'm sure there are other countries as well) lead and NOT ALLOW FOREIGNERS to own AMERICAN land or property.
Why not? They can't take the land out of the country. Even if they took the buildings apart, brick by brick, and took them back to the middle east, the land would still be there. I remember the hugh flap in the 80's about the Japanese buying up buildings here. Same deal; they can't take it with them.
Reciprocity is the answer.....you can't buy certain items here cause I can't buy them in your country.....
Are you afraid they're going to take these buildings back to Dubai?
That's not a very good idea. The Japanese used their American dollars to buy a perfectly worthless tire company and some hotels where they also lost their shirts.
"We should follow Japan's (I'm sure there are other countries as well) lead and NOT ALLOW FOREIGNERS to own AMERICAN land or property."
Why not? They're pumping money into the US economy.
Why not? This is an emotional fear, not based on reason. I remember when Chicken Littles were screaming about the Japanese buying Rockefeller Center. How'd that work out? They sold it back to American investors later for a staggering loss. I'm guessing those Japanese investors wish that America had had the same laws in place then. It would have prevented them from losing a great deal of money to American investors.
If Dubai is not careful, the same thing could happen to them. Hopefully, they learned from the Japanese.
Remember, American investors have been around awhile, and are not easily taken advantage of.
Good for Sheik Makhtoum. He is a wonderful man and shrewd, progressive (in the good sense) businessman who owns one of the greatest airlines in the world (Emirates).
That's insane. In the event that you failed to read the article, a bunch of Arabs just injected $1.1 billion into New York City's economy. That's a good thing if you're a New Yorker, and a good thing if you realize how else they could have spent that $1.1 billion.
What kind of socialist nonsense is that?