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Honestly, it doesn't bother me much that we allow this, I just wish more countries would join in and allow us to buy there.
Although I believe anyone in the EU can move and buy land within the EU, I am not 100% certain of that though.
i'm almost entirely certain that the EU is a completely open market within its boundaries.
as for other countries not allowing americans to buy property, it's understandable. maybe not so much now, but americans have enough money buy up entire countries, atleast in regards to land. wouldn't you want to protect your sovereignity from something like that if you lived in a smaller country?
i'm almost entirely certain that the EU is a completely open market within its boundaries.
as for other countries not allowing americans to buy property, it's understandable. maybe not so much now, but americans have enough money buy up entire countries, atleast in regards to land. wouldn't you want to protect your sovereignity from something like that if you lived in a smaller country?
Yes I can understand it, but what about the EU countries, Japan, Australia, New Zealand, Singapore, Canada...
I want a house on Azores (Açores) Portugal . Nothing fancy just a ruin is fine.
It doesn't bother a lot that foreigners buy US. It just bothers me that because we can't buy their land and that the US doesn't make it difficult or expensive to buy US land to non-Americans.
Understandably it is disconcerting that 'foreigners' are buying homes in the United States. The concept of foreign ownership of American assets implies that Americans have "lost it" and that it won't return is upsetting. However, I point out that Americans and American corporations have purchased assets in other countries for years much to the chagrin of the citizens of whichever country we are 'shopping'.
Specific to the OP, I figure the Chinese will not allow or severly limit foreign purchases because they want these assets to remain under Chinese control to protect heritage, culture, etc. Maybe the idea of a foreigner owning a 'piece' of China abhors them. Perhaps they don't want foreigners to purchase homes because doing so will give said new property owner rights - after all, historically property ownership in any society I can think of grants you political power or, at minimum, a voice in decision-making. keep in mind we're talking about Communist China where the State controls a lot and political dissent is limited. Arguably, it is only one house. But imagine hundreds or thousands and you can see the Chinese government getting anxious about it.
Why is it so easy for foreigners to buy US property but it is difficult for the US citizen to buy in other countries?
The Chinese are coming, to buy bargain US homes (http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2009/02/12/international/i083518S78.DTL&type=realestate - broken link)
So, Could someone please tell me what is *new* about this??? LOL...When I was living in the Bay Area the place was owned by them...not that there's anything wrong with that...what does it matter anyway what nationality it is that is buying as long as someone is?
Mumof3, it is not that they are buying that I have a problem with or that the population is growing in their favor in the US. The problem I have is how easy it is for foreigners not just the Chinese to buy US. You would not be able to purchase in their country.
EscapeCalifornia, soon you will be renting from them with no option to every buy.
Mikeetc, Americans can not buy easily in So. America, many countries in Africa the US can not buy, Carribean, Mexico, same thing with most of Asia, etc. You can rent/lease but you can't own and if you do it will cost you. Why can't the US do the same thing?
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