According to The National Association of Realtors, Chinese investors spent $6.1 billion on American real estate over a 12-month period that ended in March. Many of the investors have ties to the CCP —one even bought land near a U.S. Airforce base in North Dakota, raising red flags in the intelligence community.
Prominent GOP voices, like Florida Governor Ron DeSantis, say companies with CCP ties shouldn’t be permitted to buy up hundreds of thousands of American acres.
“I don’t think they should be able to do it,” DeSantis told Fox News host Laura Ingraham.
“I think the problem is these companies have ties to the CCP, and it’s not always apparent on the face of whatever a company is doing — but I think it’s a huge problem,” he said.
“We’re also probably going to do legislation next legislative session about our pension investments, with things that may be linked to the CCP,” he added. “We don’t necessarily have a lot of it, but we want to make sure that we’re cutting ties so that we’re not funding our number-one adversary.”
Watch the clip below:
DeSantis calls for crackdown on China for buying up massive tracts in Florida. pic.twitter.com/Nr9VTnAt0o
— Laura Ingraham (@IngrahamAngle) July 23, 2022