4 ms·

I would expect this to have a positive influence on national security. If rich, influential Chinese people own a lot of property in the United States, that mean

• hoodoof 11y ago
  I expect property owners to demand a say in the country that they own part of.
  • evanpw 11y ago
    Can you be more specific about the mechanism? If they aren't citizens or even permanent residents, what influence do they have? I can understand an argument saying that allowing a larger market is bad because it increases demand and drives up prices, but I honestly don't see why you would consider a foreign buyer worse than a domestic one. If these are people trying to get themselves or their assets out of China, they evidently aren't pushing the agenda of the Chinese government.
    • e15ctr0n 11y ago
      From TFA > Investments in the United States provide another advantage: a pathway to a green card. Chinese investors have been particularly aggressive at using a federal visa program called EB-5 that allows overseas citizens to put $500,000 to $1 million into a project that will create at least 10 jobs. Investors can get a green card in about two years. So far this year, 86 percent of the EB-5 visas issued worldwide have gone to Chinese. Green Card = permanent resident
      • evanpw 11y ago
        So the mechanism by which this harms national security is: Chinese person buys a house for $1 million -> gets a green card -> moves to the United States -> waits 5 years -> becomes a citizen -> elects a pro-Chinese government? Or is the argument that immigration in itself harms native-born citizens, and this is a way to avoid some of the restrictions?
        • refurb 11y ago
          Unless buying a house creates sustainable jobs, they aren't going to get a green card out of it.
          • e15ctr0n 11y ago
            From TFA > So far this year, 86 percent of the EB-5 visas issued worldwide have gone to Chinese.
            • refurb 11y ago
              That wasn't from buying houses. That was investments into starting businesses.
              • e15ctr0n 11y ago
                Honestly, did you even bother to read the article? > Canyon Lake Ranch [...] soon will be a gated subdivision of 99 mini-mansions designed for buyers from mainland China. Some Chinese are buying homes purely as investments. Investments in the United States provide another advantage: a pathway to a green card. Nov 23, 2015 - The Roots of China's Real Estate Rush http://www.nytimes.com/interactive/2015/11/23/business/china-factor-real-estate.html http://www.nytimes.com/interactive/2015/11/23/business/china... May 15, 2015 - Want a Green Card? Invest in Real Estate http://www.nytimes.com/2015/05/17/realestate/want-a-green-card-invest-in-real-estate.html http://www.nytimes.com/2015/05/17/realestate/want-a-green-ca... Sep 6, 2012 - Visas-for-Dollars Program a Boon to Hotel Developers http://dealbook.nytimes.com/2012/09/06/visas-for-dollars-program-a-boon-to-hotel-developers/ http://dealbook.nytimes.com/2012/09/06/visas-for-dollars-pro...
                • refurb 11y ago
                  Investing in a real estate project is not the same as buying a house.
  • peteretep 11y ago
    This hasn't worked so well for foreign oil companies in many countries.