China is paying outrageous amounts right now to soak up our real estate. If it wasn't such a hassle to move, lots more people would consider this and sell out to the Blackrocks, etc. I have a friend who works for the Amish - they're (the Amish 2 guys he works for) are purchasing anything they can buy right now, doing a quick renovation (cheap labor) and they have Chinese-tied purchasers on standby to automatically purchase the realty for a nice tidy profit. Our next generation is going to be in bad shape if we don't put some limits on this. Same with our farmland.
China is paying outrageous amounts right now to soak up our real estate. If it wasn't such a hassle to move, lots more people would consider this and sell out to the Blackrocks, etc. I have a friend who works for the Amish - they're (the Amish 2 guys he works for) are purchasing anything they can buy right now, doing a quick renovation (cheap labor) and they have Chinese-tied purchasers on standby to automatically purchase the realty for a nice tidy profit. Our next generation is going to be in bad shape if we don't put some limits on this. Same with our farmland.
Let em buy all they want with their hot funds. Possession is still 9/10 of the law.