Are foreign Chinese investors buying up American housing

Much more likely it's individuals investing in stuff they can rely on, as opposed to the legal/normal investments China permits.

It's a lot harder for China to try to seize real/immovable property in the US than Chinese-approved assets.

Yes.

When I sold my house in Katy TX we had 4 offers, all above asking price, one was cash. We took that offer.

My wife wrote a nice letter to the buyers saying how it had been a wonderful home for us and she hoped the new owners would love it as much as we had.

At closing we found out it was a Chinese buyer that was going to make it a rent house. We were pissed. I felt bad for my neighbors.

My wife went home and tore up the letter lol.

Luckily my neighbors have said the renters haven’t been a problem

There's a couple of houses in my neighborhood that have a Blackrock sign out front "For Lease". This isn't some run-down neighborhood full of rent houses either. This is a newer neighborhood starting in the 350's.

quote:

---

Not sure why any non American citizen can own property in the United States

---

You'll get called xenophobic in some circles for that logic, but I'd love to see other how many other developed nations allow non citizens to own property in their country.

quote:

---

It is well known China has been buying houses:

---

Just a few months ago during the republican debates,
Florida gov Ron DeSantis said, "In the State of Florida, we passed legislation making it illegal to sell real estate to any Chinese entity".

I was thinking, what about the fair Housing Act/Equal Opportunity?? As a Realtor, violating this law will cause you to lose your license faster than any other law on the books.

quote:

---

Blackrock is another one that is buying up houses and screwing with the market.

---

quote:

---

“Bottom line: BlackRock is an active investor in the U.S. real estate market, but we are not among the institutional investors buying single-family homes.”

---

quote:

---

But according to a report by Moody’s Analytics, “Institutional owners make up approximately 3% of the total single-family rental market in the U.S.”

So, what is the role of institutional investors in the U.S. housing market? Each varies, of course. As far as BlackRock, it has an investment portfolio totaling approximately $120 billion on behalf of its clients.

The message from BlackRock breaks down how it participates in the U.S. real estate market:

Providing Capital for Mortgages: BlackRock emerges as a key player in mortgage securities, contributing to the availability of capital for American families looking to buy new homes.

Fueling New Housing Construction: BlackRock is actively invested in various programs aimed at providing financing for the construction of new homes, contributing to the expansion of the U.S. housing supply. The company has ventured into new construction projects tailored for the rental market, addressing the growing demand for purpose-built, single-family rental housing.

Diverse U.S. Real Estate Investments: BlackRock diversifies its real estate investments by participating in multifamily properties, apartment complexes, and other residential real estate ventures.

So, while BlackRock does not buy individual properties, it does “make capital available to individuals and families seeking to purchase homes.”

---

quote:

---

I was thinking, what about the fair Housing Act/Equal Opportunity

---

I'm no lawyer but I would assume that only applies to Americans.

quote:

---

They’re not doing it to “bring down moral”. They’re doing it as a stable store of value. Chinese investors are panicking because the CCP’s economic house of cards is completely unraveling. As a result, there are almost no Chinese investments left that feel safe. So, they’re buying up real estate abroad so when the Chinese economy crashes, they’ll either have somewhere to go or an asset they can sell to survive.

---

Exactly.

Why would the CCP bankroll a plan specifically created to hurt them? This is on the individual level and hurting the CCP.

quote:

---

Why would the CCP bankroll a plan specifically created to hurt them? This is on the individual level and hurting the CCP.

---

CCP are bankrolling them, but not out of national interest but rather personal interests. The same CCP officials that publicly praise Xi are privately planning their exit strategy, and the rampant corruption in China combined with the blurred lines between the government, the CCP, and private businesses allows for a lot of unaccountable money moving around.