new law that bans citizens of China and some other countries from purchasing property in large swaths of Florida can be enforced while being challenged in court, a federal judge ruled Thursday.

Judge Allen Winsor denied the American Civil Liberties Union’s request to block the state law as it seeks to overturn it. The group is representing Chinese citizens living in Florida.

57 points

They need to word these laws that owning residential property without living in them incurs a massive tax or is prohibited altogether. This is why housing for so out of control in parts of Canada like Vancouver.

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4 points
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Sureee but that would also apply to wealthy American “investors” and corps that buy property to rent out.

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4 points

Good. It would be about time the rich actually paid their fair share in this country.

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2 points

I’m all for implementing a bracketed system like income tax for entities that own X properties that dont live in them.

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26 points

New Zealand has the same law. Their home prices were shooting through the roof.

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8 points

Still are. Was never because of foreigners.

Is and always will be because people are greedy. How many properties does Luxon own again ?

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18 points

Florida Man: He can’t be wrong all the time, right?

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18 points

A florida law I actually agree with. In my area, 40% of home purchasers are Chinese nationals looking to park their money outside if China. No American can afford to buy a home and they’re using our houses like a piggy bank.

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7 points

Same is happening in major Canadian cities too. Has completely destroyed the housing market. There’s other factors as well but that’s not helping at all.

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11 points

Broken clock and all that

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