Reply to The chinese are coming and they want to buy your house!!

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[quote=Anonymous][quote=Anonymous]
"Still, you can’t blame them for feeling unsettled at home. Beijing’s aggressive anti-corruption sweep has netted thousands of big fish, and more confiscations are on the way. Pollution has created an asthma epidemic, food safety scares are commonplace, and China’s economic pace ebbs. There is still no true dissent or freedom of expression allowed. So the country’s wealthiest are on the move and want a better life for themselves or their children."

Have you been to McLean lately?

[quote=Anonymous]Interesting though.  The US is one of a few countries in the world that allows foreign nationals to buy real estate as a matter of right.  An American certainly could not go to China and buy property as a matter of right. A lot of the most valuable assests in this country are owned by foreign nationals. You have to wonder about the long term implications. [/quote]

It is NOT a good thing.

[/quote]

It is also interesting that the primary investor in the biggest real estate development project (CityCenter) in our Nation's capitol is Qatar.

I do not have a problem with it per se, but there is no reciprocity on this front among nations.  I once read an article from a UAE official who said that the land of a country is the physical manifestation of the pride and culture of that country.  Hence, IHO allowing foreign concerns to buy your real estate was truly selling you country's soul.  Yet, they can come here and buy whatever they can afford to buy.  That is my issue - not that folks can buy land here - but that we could not buy it there. [/quote]

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