5 ms·

The USA is the only country, I can think of, that allows anyone, from anywhere, to buy our land. You don't need to be a citizen of this country in order to buy

The USA is the only country, I can think of, that allows anyone, from anywhere, to buy our land. You don't need to be a citizen of this country in order to buy our land? Just money, and a email will buy a house. The federal government could stop some of the insanity of buying a home, if they just made it a bit harder for foreigners to buy our land? Isn't the federal governments purpose to put Americans first?

bidirectional 5y ago
I don't think this is unique to the US at all. As far as I'm aware most countries allow foreigners to buy land, many even give you residency if you do so. Also would this have any affect outside of places like Manhattan?
pjc50 5y ago
Almost all countries allow foreign nationals (or their local subsidiary businesses) to buy land. The only change in recent years is that more ID checks are performed to reduce the extent this gets used for money laundering. You could campaign to change that, but since it goes strongly against the free market and countries like money it's unlikely to go anywhere.
yunohn 5y ago
> if they just made it a bit harder for foreigners to buy our land I fully empathize with how you feel, and I see the same sentiments in various countries. But I think it’s important to not bring the immigrant straw man into this discussion, when it is easily shown that the problem is much much larger than that. Institutions and investors are the real perpetrator, not an immigrant middle class.
TimPC 5y ago
Canada allows foreign ownership of property. Some provinces have an additional tax at purchase time for foreign ownership.
dragonwriter 5y ago
> The USA is the only country, I can think of, that allows anyone, from anywhere, to buy our land. The only other country I've specifically looked at, Mexico, only has restrictions on non-citizens owning land near coasts or international borders, for the vast majority of the country anyone can buy land.

bidirectional 5y ago

I don't think this is unique to the US at all. As far as I'm aware most countries allow foreigners to buy land, many even give you residency if you do so. Also would this have any affect outside of places like Manhattan?

pjc50 5y ago

Almost all countries allow foreign nationals (or their local subsidiary businesses) to buy land. The only change in recent years is that more ID checks are performed to reduce the extent this gets used for money laundering. You could campaign to change that, but since it goes strongly against the free market and countries like money it's unlikely to go anywhere.

yunohn 5y ago

> if they just made it a bit harder for foreigners to buy our land I fully empathize with how you feel, and I see the same sentiments in various countries. But I think it’s important to not bring the immigrant straw man into this discussion, when it is easily shown that the problem is much much larger than that. Institutions and investors are the real perpetrator, not an immigrant middle class.

TimPC 5y ago

Canada allows foreign ownership of property. Some provinces have an additional tax at purchase time for foreign ownership.

dragonwriter 5y ago

> The USA is the only country, I can think of, that allows anyone, from anywhere, to buy our land. The only other country I've specifically looked at, Mexico, only has restrictions on non-citizens owning land near coasts or international borders, for the vast majority of the country anyone can buy land.