Florida GOP Gov. Ron DeSantis said that people and businesses with alleged ties to the Chinese Communist Party should not be allowed to buy American real estate.
The National Association of Realtors last week reported that Chinese investors spent $6.1 billion on American real estate over a 12-month period that ended in March. That represented the most money spent by a foreign country.
Almost 6 out of 10 (58%) of Chinese buyers made all-cash purchases.
For the 14th straight year, Florida remained the top destination for foreign buyers, accounting for 24% of all international purchases.
DeSantis, while appearing Friday on Fox News, said Chinese investors tied to the communist government should be denied the ability to purchase U.S. real estate.
“I don’t think they should be able to do it,” DeSantis told Fox News host Laura Ingraham.
“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 — but I think it’s a huge problem,” he said.
I totally agree!
Ok Rick….i agree however state governments shouldnt have surpluses that equate to over $21 BILLION in a 12 months EITHER. No state should have a surplus of taxpayer dollars, period.
I think you do meant “Ron” 9:33