China has been buying up billions of dollars in land in the U.S. and Florida’s Republican Governor is warning about the massive security risk facing the country over these sales.
The Red Chinese — our self-professed enemy — has been buying real estate all across the nation, especially in the states of California and New York, tow of America’s largest, most populated states.
“Chinese investors bought $6.1billion worth of property in the US between April 2021 to April 2022, a report by The National Association of Realtors (NAR) revealed,” the Daily Mail reported.
“A total of 6,100 properties in the US are owned by Chinese citizens and they spent an average of $470,600 for it,” the mail added.
Florida’s GOP gov is worried over this land-buying campaign. As DeSantis told Fox News: “I don’t think they should be able to do it. I think the problem is these companies have ties to the CCP, and it’s not always apparent on the face of whatever a company is doing.”
New Zealand has also found this problem.
Per the Mail:
New Zealand, where Chinese investment has been blamed for a huge spike in home property prices, now charges a 15 percent tax to non-resident buyers. Australia imposes a 12.6 percent tax on any foreign buyer purchasing a home valued higher than $750,000 and have been since 2017. And in Canada, the government takes 50 percent of any sale as a withholding tax.
This secret invasion of our enemies needs to be stopped.