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Can you explain _why_ you think that would be beneficial? Why moving abroad for a year you automatically lose your property rights? Does this just apply to rea
by niij 8y ago
Can you explain _why_ you think that would be beneficial?
Why moving abroad for a year you automatically lose your property rights? Does this just apply to real estate or do you release all property rights, such as cash, stocks, property left in a storage unit, car, etc?
- gremlinsinc 8y agoMoving abroad you're still a U.S. citizens, I'm talking about non-us nationals buying up property strictly to hold/sell later, or to use as AIRBNB, etc... A little old but here's an example: https://www.cnbc.com/2017/07/18/foreigners-snap-up-record-number-of-us-homes.html https://www.cnbc.com/2017/07/18/foreigners-snap-up-record-nu... I get if you are a U.S. national and live abroad some times and come back sometimes keeping a home, but a business man in china just holding 5-10 homes, or using U.S. real estate to launder money, definitely serves no purpose.