China spent $6.1 BILLION on US property last year - more than any other country - and 31% of the homes Chinese buyers purchased were in California, with Florida most popular state for foreign buyers overall
China spent more than $6billion on US property this year - more than foreign buyers from any other nation.
The Chinese were the biggest buyers in the US, surpassing Canada's $5.4 billion by $600 million between April 2021 to March 2022, according to the National Association of Realtors (NAR).
Chinese buyers liked California best, with 31 per cent of them buying property in the Golden State.
India was third largest buyer at $3.6billion, followed by Meco at $2.9billion, Brazil at $1.6billion, and Colombia at $1billion.
Foreigner buyers largely focused their purchases in California and Florida. The Sunshine State pulled out its 14th consecutive year as the top US state for foreign investors at 24 percent overall, while California pulled out at 11 percent.
Other warmer states, like Texas and Arizona were also high on the list.
Foreign investors spent nearly $60billion on 98,000 properties - an 8.5 percent from the April 2020 to March 2021.
Forty-four percent were also all-cash sales.
Almost 60 percent of Chinese buyers and 68 percent of Canadian investors made cash purchases, while 25 percent of Brazilin and Mecan buyers did the same, according to NAR.
US home builder confidence decreased 12 points to 55 this month, according to the National Association of Home Builders/Wells Fargo Housing Market Index.
TooGoodToBTru, Earth City, United States
How much property did US citizens or companies buy in China? Answer: None. Not allowed to. Why are they allowed to buy property here.
Mad dog McQuade, Funky, United States
China is playing the long game while we argue climate change and accomplish nothing.
American Amazonian, San Francisco, United States
They shouldn't be allowed to buy land here. They don't allow us to buy in china.
KingConservative, Mount Olympus, United States
The buying up America's farm land, and the democrats turn a blind eye..
NANA Barbara, Orlando, United States
Our enemies are not even hiding their purchases.
GreysonSMU, DFW, United States
They are not buying it as an investment for a financial return, they are buying them as a strategic investment to cause havoc to the US economy. Everything China does with America must be investigated, dissected and analyzed for their true intentions. And before you think I'm so crazy conspiracy nut, I was born in China and full blooded Chinese.
Diane2001567, Scarlet , United States
This should worry people.
Squinty-Eyed Joe, London, United Kingdom
There are countries where you can't buy/own land unless you're a citizen..Should be that way in the US too.
Whynot, TX, United States
First they take our manufacturing jobs and now our land. China is wng ag inst America without even firing a shot.
username, Los Angeles, United States
Just as scary. A woman in North Dakota compned on social media about China buying up farmland in the state near a military base and the FBI showed up at her house -- the FBI. Who are they working for at this point?
Kristen Tara, Blowing Rock, United States
We are literally selling America to the . They have our businesses, our farmlands, our best properties. Why do we allow this? Plus we have open borders and allow everyone in.
Ru4real, New Jersey, United States
This is getting scary. Po iticians accepting money from co unists while selling out our country to everyone who wants to destroy us.
Steelcity1, Somewhere, United States
We are the most idiotic country in the history of the world.
Lundiga, San Diego, United States
We also owe a lot of money to them. Basically they own us.
NW Central, Seattle, United States
China will not have to go to war with us, they will just take control from within. They are buying up farmland, vacant land, homes, businesses, food processing plants and po iticians.
NobodyNowhere, Memphis, United States
I'm disappointed in our country that we just sit back and allow this bs to happen.
Polmaccaba, Atlanta, United States
China has been doing this quietly for 30 years now....before we even know what has happened we will all be under their thumb. Having idiot Biden in the Whitehouse is just speeding it all up
Libertykeeper19, TX, United States
This is a serious security risk
NoPo iticalParty, Troy, United States
If your not a citizen, you shouldn't be able to buy land...period
sparklesalot, Pittsburgh, United States
You shouldn't be able to buy US resi ntial property if you are not a citizen. We can't buy property in China or even Meco.
busryder, Cincinnati, United States
Letting China buy US land/properties should be considered treason.
BettyNuggs, Worldwide, United States
you should need to have citizenship to purchase property in a country, period.
Oconomo21, Oconomo, United States
Look up the amount of land they have just purchased next to Minot air base in North Dakota.