Florida making it illegal for some foreigners to buy real estate
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Күн бұрынCNBC's Robert Frank joins 'The Exchange' to discuss a new property law taking effect in Florida, what percentage of Florida's property market comprises foreign nationals, and the pushback from Chinese nationals in Florida. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
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@j.peaceo1031 Жыл бұрын
Finally. An elected official having a backbone.
@babydooll84 Жыл бұрын
Good! It’s about time! They should do the same if you’re illegal. You should not buy property unless you are an American citizen!
@Twodime4032 4 ай бұрын
Not a good idea because many property industries is facilitated by foreigners because of they have more purchasing power. If they don’t purchase, locals won’t purchase as much neither. Property companies can have more money to pay for employees and more tax goes to government.
@thor3203 Жыл бұрын
Really good move! I'm impressed!
@apexlowe2788 Жыл бұрын
Florida is not for sale to the Chinese? Wow!
@ricecakeboii94 Жыл бұрын
This is more for show than anything else. Corporate landlords are the biggest issue & all this does is force those Chinese nationals to join a LLC/trust (usually under a relatives name). They had a similar law pass in Canada & it changed absolutely nothing except corporate landlord numbers skyrocketing
@TECHN0 Жыл бұрын
Good idea
@ricecakeboii94 Жыл бұрын
Not really. They just buy under a LLC registered in the US. Won’t be under their name, but corporations will continue being your landlords.
@Adventureswithbecky Жыл бұрын
Should be anyone who isn't a US citizen
@terryl.cooper Жыл бұрын
Natural born US citizen at that.
@damonkatos4271 Жыл бұрын
Good luck finding out who’s the owner of the LLCs
@ricecakeboii94 Жыл бұрын
Right?! People are so unaware of corporations buying up land. All these foreigners have to do is join a trust/LLC, usually under a US citizens relatives name. All this does is add a step & increase corporate landlords
@brookyogini6625 Жыл бұрын
Ain't going to happen under the new law. Read it up
@damonkatos4271 Жыл бұрын
@@brookyogini6625 Floridians are dummies they won’t know who is buried under the layers of LLCs.
@gl1039 Жыл бұрын
Hallelujah. This should have been 15 years ago, and SHOULD be every state in the union.
@matthewshields Жыл бұрын
Media: "this is bad" Comments on videoS: "this is good"
@gregzz Жыл бұрын
Desantis showing some cojones
@ParalyzedSquid Жыл бұрын
Standard practice, why yall mad
@kyungshim6483 Жыл бұрын
Why aren't more people doing this?
@christophergolden5297 Жыл бұрын
I believe if you weren't born here then you can't own land here
@jaslady22 Жыл бұрын
Iceland Consulate purchased a mobile home in a residential neighborhood (Orlando) to list as the Consulate office! 1960's mobile home on its own land, next to another he purchased listed as a business (LLC) Iceland. Should that be allowed in the middle of a residential neighborhood? Seems rather suspicious!
@supadave422 Жыл бұрын
🔥🔥🔥🔥🔥🔥🔥 Big W DeSantis
@Txguy998 Жыл бұрын
Too late this would of been good 3 years ago.
@BobbyHo2022 Жыл бұрын
We should do that in Hawaii
@thevinceberry Жыл бұрын
They can buy all they want in the ghetto 😅. Big cities should ban day rental too.
@elir.torres8642 4 ай бұрын
Lets go Texas pass this law.
@star2184 Жыл бұрын
About damn time!!!!!!!
@tonybudzevski9406 Жыл бұрын
Ok, you go to any country to buy property close to the military base or port terminals etc. you will be denied sale. The law is not stoping people of any ethnicity to purchase homes who live here in the US. there is a difference
@ricecakeboii94 Жыл бұрын
Then this law does absolutely nothing. They’ll join a LLC registered in the US & still buy up the homes. Difference now is you are adding a bunch of megacorps as your landlord. Not like corporations raise rents for profit or anything 🤷♂
@slitor Жыл бұрын
There are 4-6 countries that mentions restriction near security sensitive areas and borders. And those apply to ALL foreigners equally. Not just Chinese, Cuba, Venezuela, Syria, Iran, Russia and North Korea, Chinese, Chinese, Chinese and Chinese. And not for airports and seaports, water and wastewater treatment plants, natural gas and oil processing facilities, power plants, spaceports, and telecommunications central switching offices. Also dosen't people with a work visa live in the US? They pay the income tax but that dosen't exempt them.
@slitor Жыл бұрын
@@ricecakeboii94 I'm quite sympathetic to cracking down on property investors that dosen't take on residence. But the national security spiel is just distraction in that regard and Desantis has no problem with red blooded American corporations Blackstone especially as he want's them to donate to his campaign.
@Ja56780 10 ай бұрын
I could care less what brokers think. They’re more worried about their own pockets rather than their own neighbors.
@kurdi98k Жыл бұрын
expected more from santis
@thomasweilbacher1812 Жыл бұрын
in america everythings for sale
@helder6175 Жыл бұрын
That's why it's turning into crap, and it's been going on for a long, long time.
@buttmonkey7768 Жыл бұрын
Only Biden
@Weouthere9 Жыл бұрын
Bring the big hurricanes to florida! ☠️☠️☠️
@eco-enjoyer Жыл бұрын
Rest of the normal world: Discrimination is bad. Desantis: Discrimination is the way.
@cesarfigueroa9545 Жыл бұрын
😂😂😂😂😂
@weirdshibainu Жыл бұрын
UH huh....other countries restrict Americans from buying land.
@eco-enjoyer Жыл бұрын
@@weirdshibainu They'd be just as idiotic, lol!
@hyp-o-crite- Жыл бұрын
miami = over rated u.s restart new cold war
@thomasweilbacher1812 Жыл бұрын
thats rude your proubly come up with issues you have to handle
@thomasweilbacher1812 Жыл бұрын
america has more than that for sale nice try far game
@thomasweilbacher1812 Жыл бұрын
america has dinner
@Buildthewall2024 Жыл бұрын
DeSantis for president!!!
@jeanmetcalf1263 Жыл бұрын
Desantis is fully bought and paid for by deep state, money, the bush money, Paul Ryan money on the Board of Directors of fox he’ll do anything in the deep state is tell him to do because he desperately wants to be president but the people want Donald J Trump!
@brunoheggli2888 Жыл бұрын
President of a carwash company!
@Buildthewall2024 Жыл бұрын
@@brunoheggli2888
@davemorris1309 Жыл бұрын
For the party of law and order and freedom they sure make a lot of new rules and laws take my advice I'm not using it
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