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The ease at which we let foreigners buy our American Real-estate has been bothering me for years. I can't prove it, but it seems like too much foreign capital
by hellbannedguy 5y ago
The ease at which we let foreigners buy our American Real-estate has been bothering me for years.
I can't prove it, but it seems like too much foreign capital that is buying our land is ill gotten, and allowing crypto is just going to make it worse.
I believe we are the Only country that allows foreigners buy property with a phone call, or email.
- nwatson 5y agoIt's cyclical, Japanese folks were buying lots of U.S. real estate (and other assets) in the 1980s, then it fizzled out. [0] [0] https://www.latimes.com/archives/la-xpm-1992-02-21-mn-2588-story.html https://www.latimes.com/archives/la-xpm-1992-02-21-mn-2588-s...
- knownjorbist 5y agoIt needs to go in the other direction - it should be easy for anyone to buy property anywhere.
- FabHK 5y agoHmmm. It is not easy for foreigners to buy property in most of Asia (except commonwealth-influenced jurisdictions like HK, Australia) from what I gather. It does not strike me as unreasonable. Prices in London for example are hard to afford for the people who actually live there because so much property has been bought by people who don't live there.
- knownjorbist 5y agoOkay. You're attacking the symptom, not the problem. Make it easier to spend your money how you please.
- quantumBerry 5y agoIt should be reciprocal. We shouldn't allow foreigners who block land sales to us to buy our land.