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A comment on Foreign purchases of American homes plunge as Chinese buyers flee the market. Parent comment

Re:Foreign purchases of American homes plunge as Chinese buy... by ericmcer on Thursday July 18, 2019 @12:01PM (#20471168)
The rule in china:

'Foreigners who have studied or worked in China for a minimum of one year are permitted to buy property. ... Unfortunately, a foreigner can only own one property and it has to be residential. Again, the foreigners are banned from renting the property as you are supposed to use it for dwelling purposes.'

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Re:Foreign purchases of American homes plunge as Chinese buy... by baybal2 on Thursday July 18, 2019 @01:45PM (#20472216)
Thanks for bringing it up. I see it being perfectly rational for countries to mirror asset possession rules that are instilled on their citizens abroad.

There is so much draconian regulations of foreign bank account holding all around the world, but none regulating foreign possessions of the said bank. Same for real estate.

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