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Should corporations and foreigners be able to buy houses?

Posted on 9/14/22 at 9:55 am
Posted by fareplay
Member since Nov 2012
4912 posts
Posted on 9/14/22 at 9:55 am
I saw an article saying large blocks of housing is purchased by black rock etc. which makes residential housing expensive due to lack of inventory. Same for Chinese nationals buying houses. Can we go Americans first and make these illegal?
Posted by Chad504boy
4 posts
Member since Feb 2005
166454 posts
Posted on 9/14/22 at 9:56 am to
i have a bigger problem with chinese corporations and chinese shell companies buying our farmlands.
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
73681 posts
Posted on 9/14/22 at 9:56 am to
If I want to own land abroad it would be hypocritical to not allow someone to own land here.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
25455 posts
Posted on 9/14/22 at 9:58 am to
quote:

If I want to own land abroad it would be hypocritical to not allow someone to own land here


You already can't in a lot of places
Posted by Breauxsif
Member since May 2012
22290 posts
Posted on 9/14/22 at 9:59 am to
The greatest threat to U.S. national security is the Chinese, yet we allow them to buy large sums of U.S. real estate
Posted by Saskwatch
Member since Feb 2016
16596 posts
Posted on 9/14/22 at 9:59 am to
quote:

If I want to own land abroad


Have you tried purchasing land abroad?

Most desirable places make it extremely difficult to work, reside, purchase property if you aren't a bonafide citizen.
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
73681 posts
Posted on 9/14/22 at 10:03 am to
quote:

You already can't in a lot of places


And I don't like that...
Posted by SlimTigerSlap
Member since Apr 2022
4313 posts
Posted on 9/14/22 at 10:03 am to
quote:

The greatest threat to U.S. national security is the Chinese, yet we allow them to buy large sums of U.S. real estate

Doesn't really matter. We could always just take it all back.

I have a real problem with corporations buying up new homes and immediately turning them into rental property (hurts my brain because I'm usually all in on capitalism). I think Canada is correct on this issue.
Posted by Sterling Archer
Austin
Member since Aug 2012
7332 posts
Posted on 9/14/22 at 10:09 am to
Nope. Corporations and foreign money buying up American homes and thus making it harder for US citizens to secure their futures is something that should be talked about a lot more. Idk what legislation can be passed but something needs to be done
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
119408 posts
Posted on 9/14/22 at 10:11 am to
No, particularly foreign owned.
Posted by Afrojedi
Member since Jul 2017
473 posts
Posted on 9/14/22 at 10:14 am to
quote:

corporations
no

quote:

foreigners
absolutely not
Posted by GREENHEAD22
Member since Nov 2009
19621 posts
Posted on 9/14/22 at 10:16 am to
1 in 4 houses purchased in the past 3 years have been by corporations.



You will own nothing and be happy.
This post was edited on 9/14/22 at 4:28 pm
Posted by HempHead
Big Sky Country
Member since Mar 2011
55507 posts
Posted on 9/14/22 at 10:18 am to
I'd heavily, heavily restrict the ability of foreigners to purchase property.

As far as corporations, and I do mean ALL corporations (including the family investing LLC or S), I would impose an exponentially increasing property tax for multiple homes, and something similar but less severe for land.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
261332 posts
Posted on 9/14/22 at 10:22 am to
Heavily restrict foreign real estate investment.

Levy a substantial tax or fee for multiple residential property ownership.

Restrict corporate ownership of individual residential houses

This post was edited on 9/14/22 at 10:24 am
Posted by GreatLakesTiger24
One State Solution
Member since May 2012
55830 posts
Posted on 9/14/22 at 10:25 am to
should do a temporary moratorium until we can figure things out, kind of like what canada did
Posted by jclem11
Neoliberal Shill
Member since Nov 2011
7824 posts
Posted on 9/14/22 at 10:28 am to
quote:

The greatest threat to U.S. national security is the Chinese


YouTube - PolyMatter - Demographic Collapse - China's Reckoning

Watch this series and check back in.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
25455 posts
Posted on 9/14/22 at 10:30 am to
quote:

As far as corporations, and I do mean ALL corporations (including the family investing LLC or S), I would impose an exponentially increasing property tax for multiple homes, and something similar but less severe for land.


They kind of already do. Homestead exemptions. Problem is the increased cost is just passed on the the customer (renter)
Posted by tigervetatsea
Member since Sep 2022
89 posts
Posted on 9/14/22 at 10:39 am to
quote:

The greatest threat to U.S. national security is the Chinese,
bless your heart. democrats/wealthy liberals are our greatest threat. except they aren't a threat bc they've destroyed us.
Posted by Packer
IE, California
Member since May 2017
7828 posts
Posted on 9/14/22 at 10:39 am to
The builder of our home in our cookie cutter neighborhood said they were restricting foreign owned entities and corporations from buying up any of the properties in the neighborhood. They didn't want it to be bought up and immediately turned into a bunch of rentals.
Posted by Pepe Lepew
Looney tuned .....
Member since Oct 2008
36133 posts
Posted on 9/14/22 at 10:40 am to
No
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