I do not mind foreigners purchasing of a basic vacation home, however, the purchase of multiple homes, majority ownership of US businesses and land other than the acre, or less land a home sits on should be denied. Our government is lax on this and the purchase of land by foreigners in any form is not guaranteed in our Constitution. Many of these countries like China and Russia do not offer this freedom to us, therefore reciprocally, it should be denied of them. At this point Congress must act and any of the afre mentioned purchases by foreign national;s beyond a vacation home of reasonable size should be sold to an American, or American business. If they lose on the sale, so what.
Agree. Other countries limit foreign purchases and we should too.( for reasons different from these)