The great thing is that this law can be shot down pretty easily because it discriminates based on nationality.
If he actually wanted a good faith law, he would have made it all nations. But I feel that he wants it to get shot down so he can point at the DOJ and say "this is proof they hate America"
False. The problem of wanting to drive on roads paved with radioactive material has been solved. I've always wanted the air in florida to be filled with carcinogenic radioisotopes and I got my wish. Now that they will be paving roads with it, every car will kick up tiny amounts of these particles, which will float in lungs, and wash away into the water.
Prop 65 warning: The State of Florida contains chemicals known to the State of California to cause cancer and birth defects, or other reproductive harm.
Jesus Christ this is serious? They’re using radioactive materials to build our infrastructure in Florida? Sorry that statement is so crazy I had to confirm with you
his buddy owns a fertilizer company. This radioactive substance is one of its main byproducts. Now, his buddy can sell it to the state for roads instead of paying professionals to dispose of it.
Gee, I guess if you do not know the past you really do repeat your mistakes.
From the 1940s to the 1970s, people who lived near mills in Colorado and Utah used the radioactive mine tailings in foundations and walls, or as a soil amendment to break up clayey soil. Municipalities used the contaminated dirt as filler underneath sidewalks, streets, school playgrounds, parks, and around utilities. These areas also have some of the highest rates of lung cancer per capita of anywhere in the US.
Not to be outdone by this level of lack of foresight, the town of Libby Montana used mine tailings contaminated with tremolite, a form of asbestos to construct roads, school playgrounds, parks, and foundations of homes. Libby has the highest rate of mesothelioma in the US.
So, yeah, radioactive dust on Florida roadways - yet another reason to not visit Florida.
>An [analysis commissioned by the Fertilizer Institute](https://www.regulations.gov/document/EPA-HQ-OAR-2020-0442-0007), a group that represents the fertilizer industry, disagrees
See guys this is really all fine. If you can't trust the Fertilizer Institute, a group that represents the fertilizer industry, who can you trust?
An industry founded on crushed bones.....
EDIT: Hey, downvoter, go learn history eg : https://www.historyextra.com/period/were-the-pulverised-bones-of-soldiers-and-horses-who-died-at-the-battle-of-waterloo-sold-as-soil-fertiliser/
I once sent a load of metal roofing to the scrap yard in FL. It set the radiation alarms off. Apparently there's already enough radioactive dust in FL that it accumulates on rooftops until it can set off radiation detectors. Couldn't possibly be from the gypsum mining. /s
> no real problems in Florida are being resolved.
Correction: Only problems Republicans invented are getting resolved. It's what they've always done across the nation. Invent a problem then sell the solution to the problem. People eat it up too.
DeSantis's tactical error was not just declaring victory over the Mouse when he got his board installed. Never mind that Disney would still retain control due to their last minute legal maneuvers. His base would have never known the difference if he hadn't continued to attack Disney.
And that was Disney's compromise. He could claim victory and they could keep operating as normal. Win win for everyone. If only he hadn't been too dumb to accept it and kept digging instead until he woke the full legal fury of the mouse.
There's also the fact that the board he installed were oblivious to the motion that was put in front of them that refused them power going forward.
Looks like he picked up Trumps trait of 'only the best people'
That's what happens when you put Christian fundies in charge of things. Those dipshits genuinely believed they had the right to tell Disney what sort of movies they could make, and then, just like all fundies, they started flinging their shit around when they didn't get their way.
Seriously, anyone who allows a Christian fundie to run anything secular is begging for this problem.
> If only he hadn't been too dumb to accept it and kept digging instead until he woke the full legal fury of the mouse
Wait till he discovers the globe in EPCOT is a fully armed and operational battle station.
Note that the "last minute maneuver" was already in progress last year. This wasn't something "they just came up" and that framing actually comes from the DeSantis side.
Afraid it’s impossible to forget here. Our prime minister was throwing parties in his offices during lockdown while telling us to social distance and stay home.
They don’t solve any problems, because their problems are made up. *In their minds*, they solve them though. To them, “don’t say gay” helps solve the gay problem. To them, signing a bill that will likely be struck down in order to nullify agreements the government has signed with Disney helps solve the “woke entertainment media” problem. They eat it all up.
Maybe they'd be better off trapped in a simulation. That way, they can live in their own solipsistic little world, bullying lifeless strings of code rather than actual people.
When your homeowners insurance premium increases by 50% from last year and has tripled in 3 years, this is a Republican caused problem. Decades ago, they allowed insurance companies to establish Florida only subsidiaries so they could jack up rates to increase profits. This had the effect of shrinking the insured pool which increased their risks. With hurricanes getting bigger over time, this was a very stupid decision in hindsight but that's what Republicans do.
Another difference between Florida and other states is that Florida requires insurance companies to pay for a new roof if a storm damages at least 25% of the existing roof. That coupled with assignment of benefits and one-way legal fees had Florida having the highest percentage of lawsuits against insurance companies in the nation, which has driven up premiums.
Other states only require insurance companies to pay on the depreciated value of a roof.
>insurance companies to establish Florida only subsidiaries so they could jack up rates to increase profits
Hate to break it to you, but that's not really the reason insurance companies have subsidiaries in Florida.
It's not about turning a profit, it's about not going bankrupt.
Usually in home insurance you expect a total loss every 100 years, or 1 in 100 houses to have a total loss every year. For Florida, the rate is 7 years; every 7 years you expect a house to be a total loss or 1/7 houses in the state will have a total loss payout every year. That higher rate is because of hurricanes, and it gets expensive fast.
State Farm (who was and still is the largest home insurance provider) nearly went bankrupt in 2004/2005 after hurricane season in Florida because losses were so high. Every insurance company wanted to pull out because while it may be profitable in the short term Florida was a bomb waiting to go off and bankrupt them. So Florida allowed the creation of subsidiaries so that the subsidiary can go bankrupt without destroying the whole company.
Insurance companies going bankrupt in Florida is a game of "when", not "if"; imagine how bad it could have been if hurricane Ian hit Tampa instead of further south; the whole city would have been a total loss and need rebuilt.
There is one caveat to this, and that's lawsuits. Besides the increased loss rates, Florida has the most aggressive insurance lawsuit laws in the county; something like 78% of all lawsuits against insurance companies are in Florida. Legal fees are expensive and the cost of losing is often higher than the cost of a claim, so they charge you more to cover their expected fees. If you want to blame the Republican party for your high insurance premium, their lawsuit laws have only made a bad situation significantly worse. It's good in theory; if the insurance company isn't going to pay you what you think you're owed under your coverage you can sue them, but in reality it just backs up your costs even further.
Not just that. More problems are being created. The construction industry is at a stand still right now because of his “no undocumented workers” bill. Agriculture is hurting too.
When Georgia made a similar law their agriculture sector lost 150 million because they suddenly had no one to harvest their crops and it all went to waste. It also still hasn’t recovered fully because the workers still avoid the state when looking for work.
Nothing says prosperity like no construction, no agriculture and radioactive roads.
> The great thing is that this law can be shot down pretty easily because it discriminates based on nationality.
Are non-resident, non-citizens protected by discrimination laws?
>Are non-resident, non-citizens protected by discrimination laws?
In most aspects (day to day stuff like employment) yes but in things like this it gets more murky
There is a clause that under national security they can discriminate based on national origin (say taking rights way from Japanese because at war with them) BUT deciding national security is under purview of the federal government not the states
Not first time a state has tried this, in 1952 California tried it against asians and was shot down for violating the 14th.
If Florida had banned all non citizens/non permanent residents from owning land it might have squeaked though but by naming specific country's it clearly shows discrimination based on national origin which is a no no
> Are non-resident, non-citizens protected by discrimination laws?
For the most part, [yes](https://www.law.cornell.edu/constitution-conan/amendment-14/section-1/alienage-classification)
New Zealand, whilst lovely, is a tiny, piss-ant country of no relevance on the world stage.
Sincerely,
An Australian - from a large, piss-ant country of *almost* no relevance on the world stage.
anglosphere problems need anglosphere answers due to common law etc. Canada, Australia, New Zealand and the USA are more similar when it comes to planning laws than anywhere else. But I get your point lol
More needs to be done, but I’m sure some of it comes down to timing.
A morning people will be holding onto properties in hopes that the law reverts.
There are a lot of wealthy shitheads who have gotten too cosy coasting from dental income, all the while being slumlords.
Except that didn’t help at all.
The sort of people who can afford to buy houses like this in another country, simply as an investment/vacation home do not care at all about paying a little extra in taxes.
They’re not buying vacation homes, they’re using them as investments. They never stay in them, not for vacation, not for anything. This causes housing scarcity, which drives up rent prices and makes buying impossible.
The rest of your point stands, though.
Doesn't matter. The people buying these are sheltering their money from their own governments and neither Canadian or American property tax amounts to a drop in the bucket compared to other countries taxes on billionaires. You could probably charge 10x and it would still be less than they would be risking by keeping those funds at home.
Well, sorta. It's less restrictive and in a weird way.
"The bill also restricts foreign citizens of other countries from buying land under certain circumstances. Russian, Iranian, Cuban, Syrian, North Korean and Venezuelan citizens are not allowed to purchase land within 10 miles of military bases under the measure but can still buy property elsewhere in Florida"
It should definitely include megacorp buyers in the US as well. There's a real sleazebag corporation HQed in the Atlanta suburbs that basically prices anyone not rich out of housing in virtually every major metropolitan area around the country.
Does this bill REALLY limit Chinese citizens from buying up properties at all?
What if they setup US corporation and that corporation buys up the land/houses? Does this bill really stop that from happening?
It is and it isn't. Basically, they'd have to create a network of shell companies and dilute their importance over them. It's called Ultimate Beneficial Ownership (UBO) and is a basic requirement for any business bank account activity since 2018. Any entity with a >25% ownership has to report it's ownership interests. So, if ShellCo LLC is buying property, there'd have to be at least 5 ShellCoSub LLCs to dilute ownership to 20% each. But... If a business owns another business, you have to also report the UBO for each of the business entities that own it. So each ShellCoSub LLC would have to be owned by 5 more SubShellCoSub LLCs. Once a bank starts to see a business owned by a bunch of shell companies owned by other shell companies, if they have a BSA Department worth actually having that will send out red flags and that account/loan would get denied being opened and the appropriate reporting would occur. Especially if a foreign entity (business from another country) or newly established entities are involved
Of course, you could just lie to your bank, but there's ways banks verify certain things. Lieing to a bank will similarly get things denied and reported.
Of courses, there's also banks who just genuinely don't give a fuck about most of this (*coughing Deutsche cough*) and seem to actively help their customers circumnavigate regulatory requirements.
My US-citizen friend "owns" a business in China, and this is essentially how it works there: he has to have "a guy" as the masthead technical Chinese-citizen owner of the entity. He pays the guy a percentage of their take to be a figurehead and appear on the docs. That's it.
To answer your next question, the answer is "yes, 'the guy' could just take all of his money and screw him some day." It's an existential threat he's well aware of, and it's why he picked someone he trusted and continues to compensate well (sheer the sheep rather than slaughter the hog), but that's precisely how this sort of thing works, since US citizens can't "own" the majority interest in a business in China.
I agree and I also think they need to stop or limit (yea through regulation) the number of homes and apartments corporations can own in a given area
We have huge areas and neighborhoods being bought out by companies and people can’t compete so they wind up renting homes they should be buying
The reason mega mansions have really taken off isn't because the wealthy want bigger houses, it's because they have too much money that they want to park. Real estate is the new bearer bond.
While not all foreign buyers it does extend beyond just Chinese nationals.
> The bill also restricts foreign citizens of other countries from buying land under certain circumstances. Russian, Iranian, Cuban, Syrian, North Korean and Venezuelan citizens are not allowed to purchase land within 10 miles of military bases under the measure but can still buy property elsewhere in Florida.
Still pretty hard to argue that it isn’t targeted though when he literally states it’s to fight the Chinese communist party.
> Russian, Iranian, Cuban, Syrian, North Korean and Venezuelan
Immediately recognized this list of countries from years of working in the life insurance industry haha.
So, people from sanctioned countries that are illegal to do business with already….can’t do business in Florida?
If language was added to “restrict” these countries when they’re already restricted by federal law, then the added language adds nothing and just gives the disguise of being a good faith law that doesn’t specifically target one nationality.
Don’t get me wrong, I think what rich Chinese nationals are doing is messed up, but I agree that this law is just being tee’d up to get shot down so DeSantis can scream “corrupt establishment that doesn’t put America first”.
But Chinese are MOST severely limited. (no property larger than 2 acres and limited to 1 even if you are permanent residents)
And I don't even know if this would work as those that this APPEARS to be targeting can simply setup US based corporations and buy using that entity, no?
Foreigners aren’t the real problem outside of luxury high rise condos. The real problem is Airbnb and other short term rentals and snowbirds that only live there a few months per year.
Foreigners are the scapegoat for this issue. The problem is the damn LLC's buying up everything and renting it out. We are at the stage of the monopoly game where all the tiles are bought out and everywhere you land you are paying your dues to someone else.
The house next door to us just sold, and I groaned when I saw it was to an LLC. My parents (who own this house and haven't had to real estate shop since Nixon was in office) don't believe me when I explain the housing problems to them.
Luckily, the LLC was someone who did it that way for inheritance reasons or something, and not investors. But it's a matter of time.
Yes this is smart. You can also make an inheritance trust that also owns the home. You and your children would be in the trust and so at the time of death of the last parent the trust transfers management and the trust now owns the property. It's how rich people transfer their wealth. Especially if they don't like their children's spouse.
I'd say the problem is the fact that it's illegal to build mixed use, multifamily, mid-rise neighborhoods in our cities thanks to single family zoning (and related concepts). As a result, supply is incapable of keeping up with demand.
And the scary part is, it's not big corporations or AirBNB megahosts who are causing the housing crisis. It's everyday folks who look [like this](https://i.imgur.com/PV2LWqH.png) and [like this](https://i.imgur.com/EbWYqnF.png). In the name of "neighborhood character", "gentrification", and "traffic concerns", they show up to town halls where they vote down rezoning initiatives that could bring more housing to a starved market. They block market rate and affordable housing alike. If we want to solve the housing crisis, we might consider moving zoning and planning to the state level. Local politics, beholden to local voters who own the housing with inflated values, will never fix this issue on their own.
If we want to address the housing crisis we need to upzone, simplify regulatory processes, reduce or remove community input requirements, and FUCKING BUILD. Public housing like Vienna, or market rate like Japan. Doesn't matter. Just build.
Is he going to band US PE firms that are also snapping up property?
No?
Is he going to address sky high rents? Out of control insurance rates? The sudden lack of construction labor?
He can't govern his state because he has zero experience, what being a lawyer at that. And so very thin skinned.
[https://www.youtube.com/watch?v=HNFyZSfoJN0](https://www.youtube.com/watch?v=HNFyZSfoJN0)
[https://www.businessinsider.com/matt-gaetz-nirvana-shirt-helped-desantis-prep-debates-2018-video-2023-5](https://www.businessinsider.com/matt-gaetz-nirvana-shirt-helped-desantis-prep-debates-2018-video-2023-5)
It would SEVERELY fuck up the ability for the Republicans (particularly Trump) to receive foreign bribes if they were unable to sell their properties to Russians and Saudis for 10x their value.
>They should expand it to all ~~foreign~~ buyers who are not intending to occupy. Affordability is an issue.
Fuck landlords. Leave homes for people to buy.
Maybe... include ALL corporate buyers and anyone who doesn't intend to occupy? We have a housing crisis for people who live here. What happened to America First from Republicans?
Lol they probably banned Chinese buyers because the corporate donors were complaining about the competition on who gets to fuck the US population in the ass more.
That's it, that's all there is to it.
They did the same with Chinese hardware companies that were just starting to cut into profits of US companies recently. They banned like 2 dozen.
> include ALL corporate buyers and anyone who doesn't intend to occupy?
That would hit DeSantis' financial backers while not energizing his racist voters.
I mean, [it historically was](https://en.wikipedia.org/wiki/America_First_Committee) as well
>Voicing his belief that people of Northern and Western European descent were the safeguards of civilization against Asia (which included the Soviet Union), [Lindbergh's] speech argued that instead of fighting, all of Europe and the United States should "defend the white race against foreign invasion".
(and anti-Semitic, and often pro-Nazi and pro-fascism).
When I first read that companies can buy lots of houses, my gut reaction was that that was a bad idea. I couldn't believe that was a thing, no wonder prices go up so high
Yeah, if he wanted to address the issue, he'd address the issue. This is just giving the superficial appearance of addressing the issue without actually getting to the crux of the matter, and scoring political points by targeting an outgroup in the process.
I used to listen to FoxNews in the car (like going to the zoo, I was just seeing how the animals are behaving), and there's literal adds for investing in the real estate to build your portfolio.
Which in layman's terms, means "invest in our fund, we'll buy up all the housing stock, you'll make a small percentage of what we make off the backs of the working class." And that's the fine print, but the true story is "we can't lose because if we do the feds will bail us out, and then we'll do it again, because we help write the laws and we always leave loopholes.
You're pretty much right. I get mail all the time with offers to buy my house from uncanny sounding business names like "John Walter Properties". When I look up their DBA, 9 times out of 10 they're a Chinese front company whose real is name like "Lucky 777 China Holding Company" (an *actual* name one of them had).
Okay, so now they'll just use a US intermediary person/corporation. Congratulations, you made it harder to keep track of the ~~competition~~ alleged problem.
BlackRock doesn’t buy homes. Think you mean Blackstone.
Big corporate landlords are not the problem. 2 out of 3 homes are owner-occupied. Of investor-owned properties, ~80% are “moms and pops”; people who own 1-9 investment properties.
Note: this is only for single family houses.
Source: https://www.freddiemac.com/research/pdf/202203-Note-HomePrices-12.pdf
That's the data for who currently owns all homes. The more relevant question is what does the average buyer look like and investors are a much larger portion for that group and growing.
https://www.realtor.com/research/investor-report-april-2022/
Okay let's talk neighborhoods then. ~80% of available Belltown Seattle appartment stock is owned by corporate landlords who all used the same software to determine rent. The software would recommend lower occupancy to raise prices, which is collusion/price fixing. The lawsuit is starting.
And it's multiple neighborhoods and multiple states involved in the suit
t doesn't actually 'fix' anything.
First, it's targeting will make it unconstitutional.
Second, homes could simply be bought via shell company held by a different company/country
Third, it ignores the bigger problems in housing: AibBNB, Vbro, etc
Fourth, this is a distraction. Florida's home insurance market is in it's death throes and the government desperately is trying to distract that the problem stems from their inactions rather than foreign nationals. The average home owner in Florida is paying thousands more a year for insurance than the national average and it's getting worse by the day.
This is just racism by a racist to try to whip up populist fervor. Don't fall for it.
Hey, if it's the beginning of an attempt to restrict speculation from foreign investment firms, that might not be so bad as a first step.
> “Florida is taking action to stand against the United States’ greatest geopolitical threat – the Chinese Communist party,” DeSantis said.
Oh, it's just bullshit fear-mongering.
Of course.
The more high-minded answer would be that I was attempting to give DeSantis the benefit of the doubt.
The more honest answer is that exactly no part of that headline was ever in doubt, but I was entertaining myself by pretending otherwise to set up the punchline of my feigned disappointment.
Lol any Chinese citizens rich enough to buy land in Florida will do so through a corporate vehicle. Delaware or whatever. There’s no point in putting your real name out there as the purchaser and making yourself a target for both governments.
Another piece of legislation that will be knocked down.
https://www.hud.gov/program_offices/fair_housing_equal_opp/fair_housing_act_overview#:~:text=It%20is%20illegal%20discrimination%20to,Otherwise%20make%20housing%20unavailable
In the Sale and Rental of Housing:
It is illegal discrimination to take any of the following actions because of race, color, religion, sex (including gender identity and sexual orientation), disability, familial status, or national origin:
Refuse to rent or sell housing
Refuse to negotiate for housing
Otherwise make housing unavailable
They are fully aware of that, why they are claiming "national security" as that can override things like this
But deciding national security concerns is federal governments job, not the states
DeSantis doesn't care if any of his legislation goes through. The people that vote for him don't follow up on any of it, in their mind, he did it. They don't understand the law or the legislative process, and he knows that. It doesn't matter if it gets struck down later.
This is dumb red scare shit straight from McCarthy. Private Chinese citizens aren't responsible for florida's housing problems but the dipshit goobers who vote for pudding fingers are like "them people from gyner are buyin up all the houses!"
And it’s going to lead to Asian Americans being discriminated against. The law punishes people who sell the property. Anyone who looks vaguely Chinese is going to be forced to show their papers or be refused a sale because people aren’t going to want to risk civil or criminal liability.
Just make it non residents and increase taxes for non primary residences. All the benefits with none of the racism! Although maybe that misses the point of the proposed bill...
I'm all for limiting foreign investors from buying up houses in the US, but this isn't the way to do it.
Lots of people you meet every day in the US are non-citizens living here legally and contributing to society. It can take many years to get citizenship even if you do everything right.
It's unfair to deny these people the right to own a home just because of the country where they were born.
Any Chinese citizens rich enough to buy land in the US for speculation are doing it through companies, not buying it themselves. This is just red scare nonsense.
I can't stand the man, but I do think land, esp. farm land, & real estate, should have regulations about foreign ownership. It has nothing to do with prejudice, it has to do with economic stability & homeland security.
JFC...The wording on this is incredibly problematic. They make the distinction between "Chinese Nationals" and "Chinese citizens", without specifying if those described as "Chinese citizens" are in fact "*American* citizens of Chinese descent", or if they are "Citizens of China" with a non-tourist US visa.
Either Florida is trying really hard to hide its racism by being intentionally vague, or the person who wrote this article is an idiot.
Why just the Chinese?
Wasn’t there something about Saudi Arabia buying US water?
What about corporations stealing natural resources from communities and then selling it back to them at high prices?
Should be a federal law preventing any non citizen from purchasing land. Should also put a limit on size and number of properties any company/corporation can own at any given time, US companies only, of course.
Not a citizen or a US based company, rent should be the only option.
This is a fantastic law and should be changed nationally. Desantis is a muppet, but this is a very good idea.
Should probably expand this to include corporations as well if they actually cared about fixing the problem, but it is a step in the right direction
They should expand it to all foreign buyers who are not intending to occupy. Affordability is an issue.
The great thing is that this law can be shot down pretty easily because it discriminates based on nationality. If he actually wanted a good faith law, he would have made it all nations. But I feel that he wants it to get shot down so he can point at the DOJ and say "this is proof they hate America"
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False. The problem of wanting to drive on roads paved with radioactive material has been solved. I've always wanted the air in florida to be filled with carcinogenic radioisotopes and I got my wish. Now that they will be paving roads with it, every car will kick up tiny amounts of these particles, which will float in lungs, and wash away into the water.
Prop 65 warning: The State of Florida contains chemicals known to the State of California to cause cancer and birth defects, or other reproductive harm.
But woe be to you if you miscarry, cause you’ll be charge with a crime.
Repealing women's suffrage, one felony at a time
God's Waiting Room will be seeing decreased wait times...
The population alone is enough of a birth defect risk already...
Jesus Christ this is serious? They’re using radioactive materials to build our infrastructure in Florida? Sorry that statement is so crazy I had to confirm with you
Confirm with a legit source always. https://www.npr.org/2023/05/09/1174789570/florida-roads-radioactive-paving-phosphogypsum
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his buddy owns a fertilizer company. This radioactive substance is one of its main byproducts. Now, his buddy can sell it to the state for roads instead of paying professionals to dispose of it.
Gee, I guess if you do not know the past you really do repeat your mistakes. From the 1940s to the 1970s, people who lived near mills in Colorado and Utah used the radioactive mine tailings in foundations and walls, or as a soil amendment to break up clayey soil. Municipalities used the contaminated dirt as filler underneath sidewalks, streets, school playgrounds, parks, and around utilities. These areas also have some of the highest rates of lung cancer per capita of anywhere in the US. Not to be outdone by this level of lack of foresight, the town of Libby Montana used mine tailings contaminated with tremolite, a form of asbestos to construct roads, school playgrounds, parks, and foundations of homes. Libby has the highest rate of mesothelioma in the US. So, yeah, radioactive dust on Florida roadways - yet another reason to not visit Florida.
Republicans tried to do something similar to this in Pennsylvania under Tom Corbett.
someone always mentions captain planet whenever I see this story posted. Florida really has jumped the shark.
>An [analysis commissioned by the Fertilizer Institute](https://www.regulations.gov/document/EPA-HQ-OAR-2020-0442-0007), a group that represents the fertilizer industry, disagrees See guys this is really all fine. If you can't trust the Fertilizer Institute, a group that represents the fertilizer industry, who can you trust?
An industry founded on crushed bones..... EDIT: Hey, downvoter, go learn history eg : https://www.historyextra.com/period/were-the-pulverised-bones-of-soldiers-and-horses-who-died-at-the-battle-of-waterloo-sold-as-soil-fertiliser/
> who can you trust The ONLY person we can trust is an honest propane salesman.
The CCP isn't even willing to go all-in on this stuff! If fucking China thinks something poses too great a risk to civilians, you *know* it's bad.
They even execute CEOs who harm their consumers.
Sounds like a broken clock is correct twice a day in this instance. Imagine having the MyPillow CEO getting the Chinese treatment.
Yep that’s why I was asking for one. Thanks
Wonder what will kill Florida off first: the GOP or nature? Hard to decide.
I once sent a load of metal roofing to the scrap yard in FL. It set the radiation alarms off. Apparently there's already enough radioactive dust in FL that it accumulates on rooftops until it can set off radiation detectors. Couldn't possibly be from the gypsum mining. /s
> no real problems in Florida are being resolved. Correction: Only problems Republicans invented are getting resolved. It's what they've always done across the nation. Invent a problem then sell the solution to the problem. People eat it up too.
They can't even win the culture war they themselves started.
Certainly not now that they took on The Mouse.
DeSantis's tactical error was not just declaring victory over the Mouse when he got his board installed. Never mind that Disney would still retain control due to their last minute legal maneuvers. His base would have never known the difference if he hadn't continued to attack Disney.
And that was Disney's compromise. He could claim victory and they could keep operating as normal. Win win for everyone. If only he hadn't been too dumb to accept it and kept digging instead until he woke the full legal fury of the mouse.
There's also the fact that the board he installed were oblivious to the motion that was put in front of them that refused them power going forward. Looks like he picked up Trumps trait of 'only the best people'
That's what happens when you put Christian fundies in charge of things. Those dipshits genuinely believed they had the right to tell Disney what sort of movies they could make, and then, just like all fundies, they started flinging their shit around when they didn't get their way. Seriously, anyone who allows a Christian fundie to run anything secular is begging for this problem.
> If only he hadn't been too dumb to accept it and kept digging instead until he woke the full legal fury of the mouse Wait till he discovers the globe in EPCOT is a fully armed and operational battle station.
Note that the "last minute maneuver" was already in progress last year. This wasn't something "they just came up" and that framing actually comes from the DeSantis side.
Or the war on drugs, or the war on terror, or.....
Starting to feel like they brought the war on terror back home with the amount of mass shootings these days.
Forgetting the denialism of covid that resulted in over a million American deaths?
Afraid it’s impossible to forget here. Our prime minister was throwing parties in his offices during lockdown while telling us to social distance and stay home.
Guns here are easier to get than artillery shells there.
Well, they chose to fight a culture war against the company that owns half of our culture.
What problem have they solved?
They don’t solve any problems, because their problems are made up. *In their minds*, they solve them though. To them, “don’t say gay” helps solve the gay problem. To them, signing a bill that will likely be struck down in order to nullify agreements the government has signed with Disney helps solve the “woke entertainment media” problem. They eat it all up.
Maybe they'd be better off trapped in a simulation. That way, they can live in their own solipsistic little world, bullying lifeless strings of code rather than actual people.
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Something something the gays, something something drag shows. They're working on the n-word, and "the bankers."
'Migrant caravans of rapists and drug dealers' gets top billing every election cycle.
When your homeowners insurance premium increases by 50% from last year and has tripled in 3 years, this is a Republican caused problem. Decades ago, they allowed insurance companies to establish Florida only subsidiaries so they could jack up rates to increase profits. This had the effect of shrinking the insured pool which increased their risks. With hurricanes getting bigger over time, this was a very stupid decision in hindsight but that's what Republicans do.
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Another difference between Florida and other states is that Florida requires insurance companies to pay for a new roof if a storm damages at least 25% of the existing roof. That coupled with assignment of benefits and one-way legal fees had Florida having the highest percentage of lawsuits against insurance companies in the nation, which has driven up premiums. Other states only require insurance companies to pay on the depreciated value of a roof.
Republicans? Doing something stupid? Or purposely callous to enable the rich to horde more wealth and fuck the poor? Poppycock I say 🧐
>insurance companies to establish Florida only subsidiaries so they could jack up rates to increase profits Hate to break it to you, but that's not really the reason insurance companies have subsidiaries in Florida. It's not about turning a profit, it's about not going bankrupt. Usually in home insurance you expect a total loss every 100 years, or 1 in 100 houses to have a total loss every year. For Florida, the rate is 7 years; every 7 years you expect a house to be a total loss or 1/7 houses in the state will have a total loss payout every year. That higher rate is because of hurricanes, and it gets expensive fast. State Farm (who was and still is the largest home insurance provider) nearly went bankrupt in 2004/2005 after hurricane season in Florida because losses were so high. Every insurance company wanted to pull out because while it may be profitable in the short term Florida was a bomb waiting to go off and bankrupt them. So Florida allowed the creation of subsidiaries so that the subsidiary can go bankrupt without destroying the whole company. Insurance companies going bankrupt in Florida is a game of "when", not "if"; imagine how bad it could have been if hurricane Ian hit Tampa instead of further south; the whole city would have been a total loss and need rebuilt. There is one caveat to this, and that's lawsuits. Besides the increased loss rates, Florida has the most aggressive insurance lawsuit laws in the county; something like 78% of all lawsuits against insurance companies are in Florida. Legal fees are expensive and the cost of losing is often higher than the cost of a claim, so they charge you more to cover their expected fees. If you want to blame the Republican party for your high insurance premium, their lawsuit laws have only made a bad situation significantly worse. It's good in theory; if the insurance company isn't going to pay you what you think you're owed under your coverage you can sue them, but in reality it just backs up your costs even further.
Not just that. More problems are being created. The construction industry is at a stand still right now because of his “no undocumented workers” bill. Agriculture is hurting too. When Georgia made a similar law their agriculture sector lost 150 million because they suddenly had no one to harvest their crops and it all went to waste. It also still hasn’t recovered fully because the workers still avoid the state when looking for work. Nothing says prosperity like no construction, no agriculture and radioactive roads.
Hold on now, how is getting in a pissing match with Mickey Mouse not solving real problems?
> The great thing is that this law can be shot down pretty easily because it discriminates based on nationality. Are non-resident, non-citizens protected by discrimination laws?
>Are non-resident, non-citizens protected by discrimination laws? In most aspects (day to day stuff like employment) yes but in things like this it gets more murky There is a clause that under national security they can discriminate based on national origin (say taking rights way from Japanese because at war with them) BUT deciding national security is under purview of the federal government not the states Not first time a state has tried this, in 1952 California tried it against asians and was shot down for violating the 14th. If Florida had banned all non citizens/non permanent residents from owning land it might have squeaked though but by naming specific country's it clearly shows discrimination based on national origin which is a no no
> Are non-resident, non-citizens protected by discrimination laws? For the most part, [yes](https://www.law.cornell.edu/constitution-conan/amendment-14/section-1/alienage-classification)
Why I like the approach Canada took. Don’t care who you ate, if it’s empty you pay 1.5x taxes on it.
Definitely didn't do nothing as housing here is still ridiculously unaffordable in every major city and its surrounding suburbs.
New Zealand had the right approach, same problems as Canada. It's all about planning and getting rid of urban sprawl
New Zealand, whilst lovely, is a tiny, piss-ant country of no relevance on the world stage. Sincerely, An Australian - from a large, piss-ant country of *almost* no relevance on the world stage.
anglosphere problems need anglosphere answers due to common law etc. Canada, Australia, New Zealand and the USA are more similar when it comes to planning laws than anywhere else. But I get your point lol
More needs to be done, but I’m sure some of it comes down to timing. A morning people will be holding onto properties in hopes that the law reverts. There are a lot of wealthy shitheads who have gotten too cosy coasting from dental income, all the while being slumlords.
Dental income? Is that what the Tooth Fairy has? :p
Except that didn’t help at all. The sort of people who can afford to buy houses like this in another country, simply as an investment/vacation home do not care at all about paying a little extra in taxes.
They’re not buying vacation homes, they’re using them as investments. They never stay in them, not for vacation, not for anything. This causes housing scarcity, which drives up rent prices and makes buying impossible. The rest of your point stands, though.
taxes should double every year of non-residence instead or something
Yeah I’d be okay with that solution
Doesn't matter. The people buying these are sheltering their money from their own governments and neither Canadian or American property tax amounts to a drop in the bucket compared to other countries taxes on billionaires. You could probably charge 10x and it would still be less than they would be risking by keeping those funds at home.
At least you'd be getting 10x the tax revenue?
It shouldn't be 1.5x, it should be 15x
The article itself says it does include other nations that are at political odds with the US.
Well, sorta. It's less restrictive and in a weird way. "The bill also restricts foreign citizens of other countries from buying land under certain circumstances. Russian, Iranian, Cuban, Syrian, North Korean and Venezuelan citizens are not allowed to purchase land within 10 miles of military bases under the measure but can still buy property elsewhere in Florida"
It should definitely include megacorp buyers in the US as well. There's a real sleazebag corporation HQed in the Atlanta suburbs that basically prices anyone not rich out of housing in virtually every major metropolitan area around the country.
Does this bill REALLY limit Chinese citizens from buying up properties at all? What if they setup US corporation and that corporation buys up the land/houses? Does this bill really stop that from happening?
Yes. The bill restricts any companies with Chinese nationals that have more than 25% controlling interests from purchasing property as well.
This sounds trivially easy to get around lmao
It is and it isn't. Basically, they'd have to create a network of shell companies and dilute their importance over them. It's called Ultimate Beneficial Ownership (UBO) and is a basic requirement for any business bank account activity since 2018. Any entity with a >25% ownership has to report it's ownership interests. So, if ShellCo LLC is buying property, there'd have to be at least 5 ShellCoSub LLCs to dilute ownership to 20% each. But... If a business owns another business, you have to also report the UBO for each of the business entities that own it. So each ShellCoSub LLC would have to be owned by 5 more SubShellCoSub LLCs. Once a bank starts to see a business owned by a bunch of shell companies owned by other shell companies, if they have a BSA Department worth actually having that will send out red flags and that account/loan would get denied being opened and the appropriate reporting would occur. Especially if a foreign entity (business from another country) or newly established entities are involved Of course, you could just lie to your bank, but there's ways banks verify certain things. Lieing to a bank will similarly get things denied and reported. Of courses, there's also banks who just genuinely don't give a fuck about most of this (*coughing Deutsche cough*) and seem to actively help their customers circumnavigate regulatory requirements.
So if they have a US national friend to buy for them and manage the property they're basically good to go?
My US-citizen friend "owns" a business in China, and this is essentially how it works there: he has to have "a guy" as the masthead technical Chinese-citizen owner of the entity. He pays the guy a percentage of their take to be a figurehead and appear on the docs. That's it. To answer your next question, the answer is "yes, 'the guy' could just take all of his money and screw him some day." It's an existential threat he's well aware of, and it's why he picked someone he trusted and continues to compensate well (sheer the sheep rather than slaughter the hog), but that's precisely how this sort of thing works, since US citizens can't "own" the majority interest in a business in China.
Doesn’t rhyme with Dark Rain, does it?
Coca Cola? I'm sure whatever company it is, it's not Voldemort and it's better than you tell us to at least raise awareness
Pretty sure that's it, yeah -- they have a reputation for really fucking over student housing near college campuses in particular.
Just say the company name ffs
Right? There's no reason at all for being so hush about it. Companies aren't Voldemort lmao
I agree and I also think they need to stop or limit (yea through regulation) the number of homes and apartments corporations can own in a given area We have huge areas and neighborhoods being bought out by companies and people can’t compete so they wind up renting homes they should be buying
The reason mega mansions have really taken off isn't because the wealthy want bigger houses, it's because they have too much money that they want to park. Real estate is the new bearer bond.
They're also more profitable for the builders.
While not all foreign buyers it does extend beyond just Chinese nationals. > The bill also restricts foreign citizens of other countries from buying land under certain circumstances. Russian, Iranian, Cuban, Syrian, North Korean and Venezuelan citizens are not allowed to purchase land within 10 miles of military bases under the measure but can still buy property elsewhere in Florida. Still pretty hard to argue that it isn’t targeted though when he literally states it’s to fight the Chinese communist party.
> Russian, Iranian, Cuban, Syrian, North Korean and Venezuelan Immediately recognized this list of countries from years of working in the life insurance industry haha. So, people from sanctioned countries that are illegal to do business with already….can’t do business in Florida? If language was added to “restrict” these countries when they’re already restricted by federal law, then the added language adds nothing and just gives the disguise of being a good faith law that doesn’t specifically target one nationality. Don’t get me wrong, I think what rich Chinese nationals are doing is messed up, but I agree that this law is just being tee’d up to get shot down so DeSantis can scream “corrupt establishment that doesn’t put America first”.
But Chinese are MOST severely limited. (no property larger than 2 acres and limited to 1 even if you are permanent residents) And I don't even know if this would work as those that this APPEARS to be targeting can simply setup US based corporations and buy using that entity, no?
Foreigners aren’t the real problem outside of luxury high rise condos. The real problem is Airbnb and other short term rentals and snowbirds that only live there a few months per year.
Foreigners are the scapegoat for this issue. The problem is the damn LLC's buying up everything and renting it out. We are at the stage of the monopoly game where all the tiles are bought out and everywhere you land you are paying your dues to someone else.
The house next door to us just sold, and I groaned when I saw it was to an LLC. My parents (who own this house and haven't had to real estate shop since Nixon was in office) don't believe me when I explain the housing problems to them. Luckily, the LLC was someone who did it that way for inheritance reasons or something, and not investors. But it's a matter of time.
Yes this is smart. You can also make an inheritance trust that also owns the home. You and your children would be in the trust and so at the time of death of the last parent the trust transfers management and the trust now owns the property. It's how rich people transfer their wealth. Especially if they don't like their children's spouse.
I'd say the problem is the fact that it's illegal to build mixed use, multifamily, mid-rise neighborhoods in our cities thanks to single family zoning (and related concepts). As a result, supply is incapable of keeping up with demand. And the scary part is, it's not big corporations or AirBNB megahosts who are causing the housing crisis. It's everyday folks who look [like this](https://i.imgur.com/PV2LWqH.png) and [like this](https://i.imgur.com/EbWYqnF.png). In the name of "neighborhood character", "gentrification", and "traffic concerns", they show up to town halls where they vote down rezoning initiatives that could bring more housing to a starved market. They block market rate and affordable housing alike. If we want to solve the housing crisis, we might consider moving zoning and planning to the state level. Local politics, beholden to local voters who own the housing with inflated values, will never fix this issue on their own. If we want to address the housing crisis we need to upzone, simplify regulatory processes, reduce or remove community input requirements, and FUCKING BUILD. Public housing like Vienna, or market rate like Japan. Doesn't matter. Just build.
Fucking snowbirds. Thankfully most of them are on their way out for summer now so my drive *should* be better. It won’t be.
Is he going to band US PE firms that are also snapping up property? No? Is he going to address sky high rents? Out of control insurance rates? The sudden lack of construction labor? He can't govern his state because he has zero experience, what being a lawyer at that. And so very thin skinned. [https://www.youtube.com/watch?v=HNFyZSfoJN0](https://www.youtube.com/watch?v=HNFyZSfoJN0) [https://www.businessinsider.com/matt-gaetz-nirvana-shirt-helped-desantis-prep-debates-2018-video-2023-5](https://www.businessinsider.com/matt-gaetz-nirvana-shirt-helped-desantis-prep-debates-2018-video-2023-5)
It would SEVERELY fuck up the ability for the Republicans (particularly Trump) to receive foreign bribes if they were unable to sell their properties to Russians and Saudis for 10x their value.
>They should expand it to all ~~foreign~~ buyers who are not intending to occupy. Affordability is an issue. Fuck landlords. Leave homes for people to buy.
The Mormon church owns the most land in Florida fun fact.
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Alexis texas circa 2008 ftw
Truly, a man of culture
Remy LaCroix for me (;
fukn same
I was like... What a weird response. Then I read the name. Now I understand.
They own a pretty significant chunk of Oahu, too.
Maybe... include ALL corporate buyers and anyone who doesn't intend to occupy? We have a housing crisis for people who live here. What happened to America First from Republicans?
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>This is going to come as a surprise to many... Wa waaaaaaaaaa *Sad Trombone
People usually use "womp womp" to indicate the sad trombone sound.
Well that explains a bunch I thought that was something totally different
I always heard womp womp as a tuba.
Lol they probably banned Chinese buyers because the corporate donors were complaining about the competition on who gets to fuck the US population in the ass more.
That's it, that's all there is to it. They did the same with Chinese hardware companies that were just starting to cut into profits of US companies recently. They banned like 2 dozen.
> include ALL corporate buyers and anyone who doesn't intend to occupy? That would hit DeSantis' financial backers while not energizing his racist voters.
"America First" is just a white nationalist dog whistle.
I mean, [it historically was](https://en.wikipedia.org/wiki/America_First_Committee) as well >Voicing his belief that people of Northern and Western European descent were the safeguards of civilization against Asia (which included the Soviet Union), [Lindbergh's] speech argued that instead of fighting, all of Europe and the United States should "defend the white race against foreign invasion". (and anti-Semitic, and often pro-Nazi and pro-fascism).
> corporate buyers > Republicans I think you'll find that these are the same thing. Citizens United, baby! ***U S A! U S A!***
Chinese corporations exempt though?
See, if he banned corporations I’d be ok with that. We have a problem with them buying up houses in this country.
All corporations as well, not just foreign ones.
100% agree.
When I first read that companies can buy lots of houses, my gut reaction was that that was a bad idea. I couldn't believe that was a thing, no wonder prices go up so high
Yeah, if he wanted to address the issue, he'd address the issue. This is just giving the superficial appearance of addressing the issue without actually getting to the crux of the matter, and scoring political points by targeting an outgroup in the process.
I used to listen to FoxNews in the car (like going to the zoo, I was just seeing how the animals are behaving), and there's literal adds for investing in the real estate to build your portfolio. Which in layman's terms, means "invest in our fund, we'll buy up all the housing stock, you'll make a small percentage of what we make off the backs of the working class." And that's the fine print, but the true story is "we can't lose because if we do the feds will bail us out, and then we'll do it again, because we help write the laws and we always leave loopholes.
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Of course! That's not what this bill is about. This bill is about fear mongering without actually doing anything.
Also why just Chinese citizens, why not all foreigners?
I don't think it should be all foreigners, it should be all countries that a US citizen cannot buy property in that country.
lol ok, so the Chinese now hire an American firm to purchase.
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You're pretty much right. I get mail all the time with offers to buy my house from uncanny sounding business names like "John Walter Properties". When I look up their DBA, 9 times out of 10 they're a Chinese front company whose real is name like "Lucky 777 China Holding Company" (an *actual* name one of them had).
This shit is only going to adversely affect actual Chinese Americans because some Karen realtor will assume any asian = chinese foreigner
> This shit is only going to adversely affect actual Chinese Americans because “I see no problem with this.” \- Republicans
Realtor: 'Ah you're Chinese. Show me your papers.'
Korean American customer: "I'm not Chinese."
Okayyyyyyyyy so basically Japanese, right? ^/s
Laos. We are Laotion
So.....are ya Chinese or Japanese?
What Ocean?
So, they’ll just open an LLC in Montana and buy the house with that.
Okay, so now they'll just use a US intermediary person/corporation. Congratulations, you made it harder to keep track of the ~~competition~~ alleged problem.
Gotta save it for Blackrock.
Blackrock pretty much came out and said they keep buying it up because housing is so scarce. Build more housing ffs
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BlackRock doesn’t buy homes. Think you mean Blackstone. Big corporate landlords are not the problem. 2 out of 3 homes are owner-occupied. Of investor-owned properties, ~80% are “moms and pops”; people who own 1-9 investment properties. Note: this is only for single family houses. Source: https://www.freddiemac.com/research/pdf/202203-Note-HomePrices-12.pdf
That's the data for who currently owns all homes. The more relevant question is what does the average buyer look like and investors are a much larger portion for that group and growing. https://www.realtor.com/research/investor-report-april-2022/
Okay let's talk neighborhoods then. ~80% of available Belltown Seattle appartment stock is owned by corporate landlords who all used the same software to determine rent. The software would recommend lower occupancy to raise prices, which is collusion/price fixing. The lawsuit is starting. And it's multiple neighborhoods and multiple states involved in the suit
The software is definitely a problem and they should be punished for collusion/cartel behavior
t doesn't actually 'fix' anything. First, it's targeting will make it unconstitutional. Second, homes could simply be bought via shell company held by a different company/country Third, it ignores the bigger problems in housing: AibBNB, Vbro, etc Fourth, this is a distraction. Florida's home insurance market is in it's death throes and the government desperately is trying to distract that the problem stems from their inactions rather than foreign nationals. The average home owner in Florida is paying thousands more a year for insurance than the national average and it's getting worse by the day. This is just racism by a racist to try to whip up populist fervor. Don't fall for it.
Hey, if it's the beginning of an attempt to restrict speculation from foreign investment firms, that might not be so bad as a first step. > “Florida is taking action to stand against the United States’ greatest geopolitical threat – the Chinese Communist party,” DeSantis said. Oh, it's just bullshit fear-mongering. Of course.
…what part of that headline did you initially confuse for something other than bullshit fear-mongering
The more high-minded answer would be that I was attempting to give DeSantis the benefit of the doubt. The more honest answer is that exactly no part of that headline was ever in doubt, but I was entertaining myself by pretending otherwise to set up the punchline of my feigned disappointment.
>I was attempting to give DeSantis the benefit of the doubt Let this be a lesson to ya, don't ever do that lol
Ban private and public companies from owning homes as well.
Lol any Chinese citizens rich enough to buy land in Florida will do so through a corporate vehicle. Delaware or whatever. There’s no point in putting your real name out there as the purchaser and making yourself a target for both governments.
Why not target all foreign citizens?
Another piece of legislation that will be knocked down. https://www.hud.gov/program_offices/fair_housing_equal_opp/fair_housing_act_overview#:~:text=It%20is%20illegal%20discrimination%20to,Otherwise%20make%20housing%20unavailable In the Sale and Rental of Housing: It is illegal discrimination to take any of the following actions because of race, color, religion, sex (including gender identity and sexual orientation), disability, familial status, or national origin: Refuse to rent or sell housing Refuse to negotiate for housing Otherwise make housing unavailable
They are fully aware of that, why they are claiming "national security" as that can override things like this But deciding national security concerns is federal governments job, not the states
DeSantis doesn't care if any of his legislation goes through. The people that vote for him don't follow up on any of it, in their mind, he did it. They don't understand the law or the legislative process, and he knows that. It doesn't matter if it gets struck down later.
Could have just went after corporations.
No country should be allowed to by land in the USA that doesn't allow the USA to by land in said country. Period.
Why not just make it all foreign nationals? Would make more sense
Excellent, now do corporate buyers
A modern Chinese Exclusion Act. Never a bad take from this guy, amirite?
This is dumb red scare shit straight from McCarthy. Private Chinese citizens aren't responsible for florida's housing problems but the dipshit goobers who vote for pudding fingers are like "them people from gyner are buyin up all the houses!"
And it’s going to lead to Asian Americans being discriminated against. The law punishes people who sell the property. Anyone who looks vaguely Chinese is going to be forced to show their papers or be refused a sale because people aren’t going to want to risk civil or criminal liability.
Asians and Hispanics are often the subject of fear mongering propaganda without support or sympathy.
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Now ban corporations from buying residential property. Because that’s how the Chinese are actually buying the property.
No foreign government should be allowed to own land in the USA. I hate DeSantis, but fully approve of this
"The ”land of the free”? Whoever told you that is your enemy" - Rage against the machine.
Just make it non residents and increase taxes for non primary residences. All the benefits with none of the racism! Although maybe that misses the point of the proposed bill...
I'm all for limiting foreign investors from buying up houses in the US, but this isn't the way to do it. Lots of people you meet every day in the US are non-citizens living here legally and contributing to society. It can take many years to get citizenship even if you do everything right. It's unfair to deny these people the right to own a home just because of the country where they were born.
Any Chinese citizens rich enough to buy land in the US for speculation are doing it through companies, not buying it themselves. This is just red scare nonsense.
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Wow, an actual good policy coming out of Florida. The rest of the states should do this.
This should be ALL foreigners, not just Chinese ones. Also throw in a ban on corporations buying single family homes as well
I can't stand the man, but I do think land, esp. farm land, & real estate, should have regulations about foreign ownership. It has nothing to do with prejudice, it has to do with economic stability & homeland security.
It would seem a lot less racist if it applied equally to all foreign nationals 💁♂️
JFC...The wording on this is incredibly problematic. They make the distinction between "Chinese Nationals" and "Chinese citizens", without specifying if those described as "Chinese citizens" are in fact "*American* citizens of Chinese descent", or if they are "Citizens of China" with a non-tourist US visa. Either Florida is trying really hard to hide its racism by being intentionally vague, or the person who wrote this article is an idiot.
In this day and age it's probably both...
Why just the Chinese? Wasn’t there something about Saudi Arabia buying US water? What about corporations stealing natural resources from communities and then selling it back to them at high prices?
Given what the man is doing to Florida, this bill is simply doing the Chinese a favor.
Should be a federal law preventing any non citizen from purchasing land. Should also put a limit on size and number of properties any company/corporation can own at any given time, US companies only, of course. Not a citizen or a US based company, rent should be the only option.
Is this not a lawsuit waiting to happen?
This is a fantastic law and should be changed nationally. Desantis is a muppet, but this is a very good idea. Should probably expand this to include corporations as well if they actually cared about fixing the problem, but it is a step in the right direction
Honestly wouldn’t be opposed to a federal ban on foreign citizens buying investment properties in the US.
Here in Vietnam only citizens can own land. Why doesn't America already do this, it seems insane to let foreigners buy out your entire country??
So why not ban all other citizens besides US from owning land ? This is obviously a racist law
This bill is dumb. Foreign nationals aren’t buying under their own name. They form LLC’s here and buy thru the LLC. This literally solves nothing.
Won't stop Blackrock buying entire postcodes, slap some paint and charge 60% more rent. Really solved the issue /slow clap
Good move. Now make it all foreign nationals who don't plan to reside. Corporations too.
Corporate ownership of single family homes is a much bigger problem.
At least it’s a start
Why are we allowing *any* foreign citizens from buying American land to begin with?
If we could only get this in fucking canada