Are Chinese buying American homes?
Chinese buyers are returning to the U.S. housing market after a long lull, but recent efforts by several states to restrict certain foreign purchases could make homebuying harder for them. Why it matters: Chinese buyers spent $6.1 billion on existing U.S. homes last year, more than any other international homebuyers.
According to the USDA, Chinese landowners control approximately 383,000 acres of U.S. farmland – and their investments are growing, FOX Business' Lydia Hu reported on Monday. Chinese ownership of U.S. farmland jumped more than 20-fold in a decade from $81 million in 2010 to nearly $1.9 billion in 2021.
According to the U.S. Department of Agriculture's (USDA) latest report on foreign ownership of American land, from 2021, 146 Chinese investors held 383,935 acres—nearly double the 193,700 acres that comprise New York City.
How have Chinese and Canadian investments developed over time? The share of Chinese investors in the U.S. real estate market remained somewhat constant until 2018 when it hovered at around 15 percent, before dropping to 11 percent in 2019 and then six percent in 2021.
Many Chinese and Hong Kong nationals may find this an intriguing option because of the relatively cheaper housing prices in the United States (compared to metro areas of other western countries) and the availability of coastal area properties in many country locations.
Highlights: Foreign Investment US Real Estate Statistics
From April 2020 to March 2021, investors from outside the United States bought 107,000 properties worth $54.4 billion in the United States. Foreign-born individuals make up 14.25 percent of the population in the country's 50 largest metros, on average.
At the end of last year the bank revisited its calculations. It now thinks China's economy will not overtake America's until 2035 and at its high point will be only 14% bigger (see chart).
Canadian investors lead this pack, by a long shot, with nearly 9.4 million acres of U.S. land — more acreage than 44 of the top 50 foreign landowners combined, according to the report. (These people own the most land in America.)
“The Chinese Communist Party (CCP) has no business purchasing land near military bases or for agricultural purposes – or for any other reason,” said Rep. Bill Johnson. “It is a critical matter of national security that we prevent the CCP from buying large swaths of American land.
As of January 2023, the five countries owning the most US debt are Japan ($1.1 trillion), China ($859 billion), the United Kingdom ($668 billion), Belgium ($331 billion), and Luxembourg ($318 billion).
Who owns the most property in the world?
The largest landowner in the world currently is King Charles III of England. How much land does the Royal Family own? He and the British Royal Family own more than 6,600,000,000 acres of land around the world. They technically own many territories around the globe, amounting to 1/6 of the surface of the planet.
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- 49 Comments.
Another way that Chinese home buyers are able to afford their down payments is via the country's Housing Provident Fund. This fund began when the country started privatizing urban housing as way to help residents afford to buy their homes.
Because China is a socialist country, all land is either subject to government ownership or collective ownership. In principle, municipal land is subject to government ownership and land outside cities is subject to collective ownership. However, one can obtain the right to use the land.
In play now in China, where around 70% of household wealth is in property, this phenomenon is weighing on the post-pandemic recovery of household consumption, which Chinese policymakers have vowed to make a more prominent driver of economic growth.
Cross-Listing Lowers the Cost of Capital
A key benefit of cross-listing, and undoubtedly a major driver of the cross-listing premium, is the reduced cost of financing available to cross-listed firms. Companies pay less to raise money, whether by selling stock (equity) or debt.
Over 70% of China's wealth is tied up in real estate.
China's FDI in the United States (stock) was $38.0 billion in 2020, down 4.2 percent from 2019. China's reported direct investment in the U.S. is led by wholesale trade, manufacturing, and information services.
| Country of Foreign Investor | Total Acres | Total Value (US$) |
|---|---|---|
| Canada | 12,845,209 | 11,570,797,000 |
| Netherlands | 4,875,034 | 6,873,789,000 |
| Italy | 2,703,340 | 5,378,113,000 |
| United Kingdom | 2,537,898 | 4,914,555,000 |
Canadian buyers made up the largest share of major foreign buyers of property in the United States in 2022 by country. In that year, Mexican buyers were the second largest group of foreign buyers, making up eight percent of foreign buyers.
What percentage of US citizens own their own home?
Top Home Ownership Statistics In America: 65.8% of Americans own a home as of 2022. Some 74 million Americans, or about 27%, live in a condo or HOA property.
| Rank | Country | U.S. Treasury Holdings |
|---|---|---|
| 1 | 🇯🇵 Japan | $1,076B |
| 2 | 🇨🇳 China | $867B |
| 3 | 🇬🇧 United Kingdom | $655B |
| 4 | 🇧🇪 Belgium | $354B |
The United States is the richest country in the world with the highest GDP, as of 2021. China is the second richest country in the world with a $17.734 trillion GDP.
There is still much work to be done to propel China to the top of the world's economy, but it is certainly possible that the Chinese economy can surpass the power of the US by 2050. It may also be too early to make definitive projections of China's future.
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| Rank | Landowner | Acreage Owned |
|---|---|---|
| 1 | The St. Joe Company | 576,000 acres |
| 2 | Foley Timber and Land Company | 562,000 acres |
| 3 | Plum Creek Timber | 415,000 acres |
| 4 | Rayonier Company | 400,000 acres |
1. The One, Los Angeles, California | Most Expensive Houses. The One, which took eight years to create, has surpassed all other pricey mansions in the US to claim the top rank. Nile Niami's modern masterpiece, this private mansion is situated on a five-acre site in Bel Air, Los Angeles, California.
Recent reporting shows that a CCP-affiliated corporation purchased farmland in North Dakota that is just a stone's throw from high-capability military bases. The purchase raises the possibility that the Chinese government could use the farmland as a launching pad for espionage under the guise of operating a business.
Today U.S. Senator Josh Hawley introduced the This Land is Our Land Act, new legislation to ban Chinese corporations and individuals associated with the Chinese Communist Party from owning United States agricultural land. China's ownership of U.S. agricultural land has increased dramatically over the past decade.
U.S., U.K. companies own 63 percent of foreign-controlled assets in Canada, Chinese only 3.7 percent | Georgia Straight Vancouver's News & Entertainment Weekly.
How much does Russia owe the US?
How much does Russia owe? About $40 billion US in foreign bonds, about half of that to foreigners.
| Characteristic | National debt in relation to GDP |
|---|---|
| Macao SAR | 0% |
| Brunei Darussalam | 2.06% |
| Kuwait | 2.92% |
| Hong Kong SAR | 4.26% |
At the end of 2021, of the 98 countries for whom data was available, Pakistan ($27.4 billion of external debt to China), Angola (22.0 billion), Ethiopia (7.4 billion), Kenya (7.4 billion) and Sri Lanka (7.2 billion) held the biggest debts to China.
After gaining permission from the Vatican, Burhans underwent a comprehensive of bringing the Church into the 21st century. A live database provides a visual of all its land holdings. Conclusion: The Catholic Church owns the most land, far more than McDonald's and billionaire Bill Gates.
To date, the title for the most expensive house in the world is held by the Buckingham Palace in London. The larger-than-life property (which cannot be sold) is over 200 years old and is currently owned by King Charles III after the demise of the Queen of England, Elizabeth II.
While the brand has sold more than one billion hamburgers to customers around the world, 85% of its stores are owned by franchisees. Franchisees pay to use McDonald's brand name, its proprietary processes and trademarked menu items, but unlike other franchises, McDonald's owns the land the stores are built on.
Yes, a non-resident foreign investor can invest in US real estate. There are no restrictions on who can invest in US real estate. Any person, whether they are a resident or not can purchase property in the United States.
Chinese investors have been lining up to buy properties in Canada, the US, New Zealand, Thailand, and Australia, majorly because these five countries have been hot markets for them.
Because China is a socialist country, all land is either subject to government ownership or collective ownership. In principle, municipal land is subject to government ownership and land outside cities is subject to collective ownership. However, one can obtain the right to use the land.
In a study of USDA reports, Pew found the foreign country that owns the most U.S. land is not China or Russia, but rather, our neighbors north: Canada. Investors from the Great White North, according to the USDA, own about 12.8 million acres of U.S. land, most of it forest land.
Who owns most US real estate?
Who Is the Largest Landowner in the U.S.? The largest landowners in the United States are the Emmerson family, with 2,330,000 acres of land.
