Foreign buyers are flooding US real estate!!! (money, laws, Florida)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
There are no laws preventing foreigners from buying land/ real estate in the US.
Perhaps, but aren't there other obstacles? Someone stepping off the plane with a foreign passport has no SS#, no bank account, no DL, no US address etc. They definitely can't get a mortgage so how are they going to deliver a million dollars from a foreign bank to the seller, considering there are laws against money laundering. Real estate has always been drug dealers favorite laundromat.
China, like any country, is capable of producing goods that meet the order specifications. When a US company ( typically via and international broker) specifies " cheap crap", that's what they will get. China has become increasingly too expensive and so other Asian countries with cheaper labor forces are picking up business. Bangladesh is favored because the average wage is about $33/ month.
I question whether China is capable of producing goods that meet any order specifications. I don't expect they'd be able to make a high-quality cabernet sauvignon, or a Toyota that lasts 300,000 miles, or the high-quality machinery that comes out of Germany's mittelstand. They do in-fact tend to make things that are cheap, but that is neither here nor there.
Quote:
China, like the US, taxes it's people and businesses on world- wide income. The highest national tax rate is 45% on incomes greater than $155,000 a year. The wealth class who earn their incomes outside China seek to keep those incomes outside China and do so with a series of paper companies. They park money in all sorts of places with lower tax rates no different than what many US companies do.
In other words, wealthy Chinese are hiding world wide incomes no different than wealthy people/ companies, everywhere.
It is very different, and I already explained how. I will certainly repeat :
When a company in the United States accumulates renminbi, the U.S. government does not force them to swap those renminbi for dollars at an artificial exchange rate set by the government. Nor do the vast majority of countries have a currency control scheme like this. It is about more than taxes.
And we're talking about hundreds of billions of dollars!!!
Things are getting to a point which is very scary.
Middle class people are being priced out.
Why isn't anybody talking about this, why they are free to buy our houses, commercial real estate and even farm land
That is the price for the huge U.S. current account deficit. This deficit has to be financed. It's financed by incoming capital from abroad.
Metaphorically speaking: Americans trade their houses for cheap plastic toys from China, polluting cars from Germany and overpriced wine from France
That is the price for the huge U.S. current account deficit. This deficit has to be financed. It's financed by incoming capital from abroad.
Metaphorically speaking: Americans trade their houses for cheap plastic toys from China, polluting cars from Germany and overpriced wine from France
Somebody has to fix our trade deficit!!
We had enough
If we ban German cars we can cut about $3B each month
And I thought it was American yuppies that were behind rhis.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
