HEY CHINA!! UP YOURS!!!

[lewisnotmiller]

Consider the problems of owning real estate....
- It's immobile, so it cannot be removed & taken elsewhere.
- It's subject to local, state, & federal government regulation,
ie, control over what can be done with it.
- It's subject to a lot of taxation. Even if it's unproductive
(ie, unprofitable), there are still real estate taxes.
- If China wages war against us, it can be seized.

Now.....where's China's economic threat?
Obviously, it's not their having property here.
It's that US companies have property in China.

It depends on the type of land.
We've had substantial investment here in mining, farming and major infrastructure (ie. airports and ports) which becomes a larger question than 'just' land, and relates directly to control over revenue producing industries.

I agree that Chinese ownership of tenement blocks doesn't seem problematic in isolation.

 

[Wu Wei]

English Translation of Article 38

Article 38 This Law shall apply to offences under this Law committed against the Hong Kong Special Administrative Region from outside the Region by a person who is not a permanent resident of the Region.

Hong Kong national security law

 

[Revoltingest]

It depends on the type of land.
We've had substantial investment here in mining, farming and major infrastructure (ie. airports and ports) which becomes a larger question than 'just' land, and relates directly to control over revenue producing industries.

I agree that Chinese ownership of tenement blocks doesn't seem problematic in isolation.

All real estate is anchored in place.
If China attacks us, government can just take ownership.

 

[lewisnotmiller]

All real estate is anchored in place.
If China attacks us, government can just take ownership.

Hmm...no need to pursue this further, just flagging that my use of the word 'attack' is very loose and holistic. I don't see any direct military action. More like increasing their ability to place pressure on decisions within the American (or Australian) infrastructure.
We've seen that here in Australia, more because of the importance of Chinese trade to Australia, but they (China) have had a habit of investing in the entire vaue chain of industries, which allows them better leverage in that industry.

From a purely business point of view, it makes given that cashflow is a non-issue.

 

[Revoltingest]

China vs Australiastan in the news.....
'Deepfake photo of soldier killing child' sparks row between Australia and China

 

[Saint Frankenstein]

Dang, man....look at your thread about China's over-reach.
It immediately became criticism of Ameristan.

It's typical.