Posted on 02/26/2011 7:29:32 AM PST by outinyellowdogcountry
I have been made aware this week that Chinese investors are either buying or considering to buy dry land farm land in my area of Texas. If it is true and if they don't care what values are, they may be paying more than double what land would sell for locally. Does anyone else know of such activity?
As a native Texan, I’m now hoping that at demise of our 50 state republic, DC will declare the state of Texas like a Native American reservation, and us Texans can thrive on its own gumption and will power.
Is the land in west Texas?
Well, send them up to Red River County. I hear there’s land for sale at rock bottom prices by the thousands of acres. Used to live around there and know it is economically depressed big time. but watch out for the corrupted local government. Other than that - learn to speak Chinese I guess.
Yes. Rolling Plains area.
Somebody willing to pay top dollar for land? Sounds like a win-win.
They don’t get to change the laws and language: they just get to buy and improve an asset. If they’re anything like Japanese investors some decades back - and they seem to be - they’ll make a thumping loss.
This of course is assuming that the land hasn’t got natural gas underneath or something.
If you look closely you might see some very old Japanese foot prints made before they bought and then sold out
That notion has crossed my mind. It will be interesting to see what transpires. I don’t like what it does to land values around here. However, it hasn’t sold yet!
China has a record of resettling vast areas of barren desert or scrub highlands in Muslim western China and Tibet.
The resettlement of huge numbers of Chinese is simply the use of their most potent weapon—population numbers.
Maybe they think Texas will be their foothold in the expansion of China into N. America.
Of course, they will be in a dogfight with their Mexican allies. They have their own “population bomb” which is already in place and growing.
They even become Southern Baptists and send their kids to Baylor.
The Chinese could just be shadow buyers for the real developer: Disney. Who else could take some worthless swampland and turn it into a goldmine.
If that is the case I whole heartedly welcome them as a neighbor less than 2 miles away! They would be a needed juice of energy to our local school. You don’t have to tell me of the good qualities. Our pastor, not Baptist, was born and raised a Chinese national communist athiest. What a testimony! That would be a blessing.
I would be more concerned for some other reasons I can think of that Chinese investors would buy our land for 2.5 times value. Not to mention the effect over valuation would have for those of us that live and work here. It is not the individual people but the nation state that concerns me.
The Chicom investors don’t give a chit about West Texas... or using it to “re-settle” in. Its the mineral rights to the Oil Shale deposits that they are after.
Those West Texas Cotton farmers just found out recently that their land, that supposedly had no significant oil production
value, actually does when new fracking methods are used.
The Chinese are going to be a bit disappointed though when they find that allot of that land has been bought and sold a
few times over and the mineral rights were retained by a previous owner.
I hope when the good people of West Texas are presented offers, they do the right thing, and take the one from Exxon or Shell (if they are reasonable) and tell the Chicoms to eff off.
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