2 ms·
I don't understand why the US does not push back on Chinese ownership of property. From what I understand, there are so many restrictions of owning land in Chin
by nebula8804 5y ago
I don't understand why the US does not push back on Chinese ownership of property. From what I understand, there are so many restrictions of owning land in China as a foreigner:
1. The property must be residential
2. If the property is commercial, a foreigner must incorporate in China
3. You may own only one property
4. You must possess a long-term visa
5. You cannot be a landlord, as a foreigner
6. You must pay a 1% deposit and an initial 30% of the purchase price to the seller in RMB, if you are obtaining a mortgage
I think there needs to be a campaign to educate the US population on how lopsided the system is. Only then will politicians start to get massive heat to enact at least equivalent restrictions. Right now its all the rich and foreigners picking away at the carcass that is America.