Free trade works until an Asian nation wants to buy a baseball team. Haven’t we learned that with Seatle when the Japanese wanted to buy her. I agree with you, how would free trade GOP’ers like to have Chicoms buying up homes in their affluent neighborhoods. They will probably react the same way Dem limo liberals when someone proposes to put wind mills in their neighborhoods. Dems and GOP are all the same, time for a new party!!!
The Free Traitors will try to spin it such that housing prices will now increase because the Chi Coms are decreasing the excess of housing.
However many Americans can't afford homes now because of high prices (in many areas).
Selling property to Japan in the 1989-1990 recession was one of the smartest things we did. Not only did they pay more than the properties were worth, they ended up having to sell them back half a decade later, at a loss.
At the end of the day, repossessing property, and returning it back to your own country is essentially impossible. It’s hard to pick up a lot and air-lift it across the ocean!
They’ll tell you it’s good for us.
Those Chinese better learn Spanish if they are planning to buy in southern California.
Good for 3 reasons.
1) The dollars that China has been hording will come home to the US. Only, instead of going the the government to buy debt, which would be wasted by our elected officials, it will go into the pockets of private citizens.
2) The influx of capital will raise home values across the board so even people who don't sell will see a benefit.
3) Foreign buyers usually overpay for assets. That means Americans who do sell will likely get richer at the expense of the Chinese.
You have it backwards. The capitalist Chinese are buying homes from the Commie Americans. This country is turning into a socialist hell while China moves ahead with capitalism. China has many problems but it is moving in the right direction for property rights. We are moving in the opposite direction.
You don’t understand. When the Chi-Coms make all of our stuff AND own all of our property, we’ll have them right where we want them. On the plus side, we sure taught Cuba a lesson.