ANALYSIS: Chinese Investors Are Buying Up A Major Conservative State Right Under Your Nose

It’s an open secret that China is buying up American homes in large quantities, but investors from Beijing recently have been aiming towards a new target for their real estate ventures, reports indicate.

Moving beyond only making purchases in states like California and New York, Chinese investors are buying up vast swaths of real estate in Florida — a state that has made headlines in recent years for opposing COVID-19 lockdowns and adopting other right-of-center policies at the state level.

DeSantis calls for crackdown on China for buying up massive tracts in Florida. pic.twitter.com/Nr9VTnAt0o

— Laura Ingraham (@IngrahamAngle) July 23, 2022

The Toronto Star reported on the trend in 2013. At the time, Canadian real estate investors were noticing that houses and condos in Florida were being snapped up by Chinese investors before Canadian buyers could get to them. Dubbed “Canadian snowbirds,” buyers from America’s neighbor to the north have long shown a penchant for real estate in Florida. A 2022 report from the National Association of Realtors (NAR) showed that Florida accounted for 45% of the land purchased by investors from Canada. Then, the competition came from Beijing. (RELATED: China’s Wealthy Elite Are Fleeing The Country Thanks To CCP’s ‘Zero-COVID’ Policy)

View Source