We owe gazzilions of dollars to China.
We have more than a million homes in foreclosure.
How about Chinese Gov. be offered the chance to exchange some of the debt for foreclosed properties.
The positive points being;
The most of them wouldn't actually live here and they could pay Property Managers rent and maintain the properties.
States and local Gov. could raise property taxes and outside money would be coming in.

Oddly enough, this makes a strange sort of sense......

your kidding right?
thats the most ridiculous thing ive ever heard
would we than be called the united states of china?

That's an idea, but the Chinese would end upowning tons of U.S. property, and by paying off debt we are hurting the economy as it's run.

Problem is, in 1913 our GDP pretty much became debt. Without debt people can't afford homes, cars, education, etc.

That is a problem. Paying off debt is a good thing, but in order to do that you would have to exercise Executive Order 11110 signed by JFK in 1963, so we could bypass the Federal Reserve. Only then could debt be paid off.

Until then, we have to take out large amounts of loans to put through our Fractional Reserve System so it can expand into more debt that we can use to purchase our luxuries. This will help for a few months at best. Keep doing this every few months and we can keep it up until people can't afford the interest anymore.

I know this is a scary concept, but this is EXACTLY where we are heading.

Any questions?

Why not? The properties will be a burden the banks will have. Taxes still have to be paid. The bank/lenders pays the taxes and figures out a way to pass the bill to us.
Any individual will sell their house to any person who comes up with the most money and better deal, no matter where they come from. Bear in mind, to refuse to sell can wind 'em up in civil court for discrimination.
Just because the Chinese Gov., unlike our Gov. owned property here, they wouldn't have a vote or say in how the country is managed.

It is already happening

Why do you think private schools are teaching Mandarin as a foreign language.

Have a great day folks

I got a better Idea.


-Recall all the fleets and army to protect USA, form a defensive grid.
-Give the finger to China and tell them, "if you want it, come and get it".

Have to be a citizen to have a vote^^^^.
As time goes by, there are more and more on the list.
What would you suggest, that wouldn't give our Gov. more controll.

My kid's private elementary school is teaching Spanish.

They would have to go through INS to become a citizen to have the right to vote. And they can not maintain dual citizenship, but in theory where would the loyalty lie. Most nationalities, (not all) once they move here, remain completely loyal to the United States. My grandmother is Korean, I have met Russians, Czechoslovakians, Transylvanians, Irish, English, Chinese, Jewish, Italians, and so on. Many of them purchase work visas to work in the US. Every single one of them love the United States, and remain happy to be here.

If you were about to lose your home and a Chinese investor offered you 10 times your asking price, in writing, putting down earnest money and you refused to sell, you'd be sued and most likely, be forced to sell.
So, why not sell to someone who couldn't control us or vote.

You could not be sued if they are not a citizen. They would have to go through their countries justice system to our countries justice system for a discrimination hearing. Since, there are not any discrimination laws in China. Under Chinese law they would not have a right to sue!!

I don't think the Chinese investor would be stupid enough to offer 10 times the value.

Investors who have the right to be here,if only with a VISA are afforded the same civil rights as we do. That includes the right to not being discriminated against. Due Process.
Me thinks you is blowing smoke. Show the statute.

No, what should happen is to let them go to foreclosure and sell on the open market. People have money to invest, there's just very little incentive to invest right now. What buyers are hearing out of Washington doesn't make it sound like a good time to invest..

This "first time home buyers" thing is nice and all but it's discouraging people from owning investment property.. People buying and turning houses to make 10 or 15K? We could use a little of that right about now. There just can't be "community organizations" suing the banks and forcing them to give loans to people who know they'll never pay back the loan.. If you can get a loan and make the payments, you'll be able to get a loan once the economy picks back up.. They'll call it the Gen-X amnesty..

Cut the capital gains taxes, cut the corporate income tax rate and cut the payroll and federal income taxes back and it'll be like lighting a firecracker. light fuse and get away.. you'll have to jump back to get out of the way of the economny coming back..

We just can't turn ourselves into Great Britain or France..

The Social Security entitlement gap is starting to look like it'll be a mere pleasant distraction compared to what I'm seeing coming down the pike..

Seriously, nothing in this stimulus deal is going to bring the hundreds of thousands of manufacturing jobs back from overseas, stimulate entrepreneurialism or protect the hundreds of thousands of good jobs in the petro/chem and auto industry but rather targets them for execution.

Okay then, Mr Nitpicker. Let's say instead of 10 times, it was $1,000.00 over. The same rule would apply.

And...why do we want more foreign countries owning our buildings?

I don't like that thought.

and what currency would he use, because if it's dollar then it's sure would be the same as an American buying it?

The problem isn't about who's buying it, the problem is, that even if they would have bought all the bad-mortgage houses, the money is still missing, since these mortgages were sold on ridiculous offers and some houses with 3 times the price than Its worth.

Sure, it would help selling off the properties from those who can't pay it, but it's only a small part of the problems. It would not generate enough financial help to solve the crisis. (going back for years and maybe decades!)

Imagine, these banks have all those dollar digits on their computer screen of what they have, but they don't really have it, because they were treating the sold houses (unpaid) as assets not debt. And forget about the banks having these, but these numbers are already filtered upward to the stock market and all over the place, meanwhile the money isn't even there to begin with.

Private investors from China have been coming over now for a few years buying up properties.


Chinese tours groups go house-hunting in U.S.

The cash-rich visitors are looking for bargains in the plunging market. The trips are part of a broader trend of individuals and businesses in China seeking greater investment opportunities abroad.

LA TIMES
By David Pierson and Don Lee
December 07, 2008 in print edition A-1

Caravans of cash-rich Chinese in Hummers and Lincoln Navigators have been weaving through American neighborhoods in recent months, looking for foreclosures and other bargain properties to buy.

With housing prices crashing in the U.S., home-buying trips to America are becoming one of the more popular tour group packages in China. New U.S. visa rules for Chinese tourists and a loosening of foreign investment policies by China have made it easier for people like Zhao Hongjun of Beijing to go house hunting across the Pacific.

The 48-year-old owner of a media company went on a two-week road trip through the U.S. last fall, visiting scenic sites and checking out properties from Los Angeles to New York. He’s been following the swoon in prices ever since, and next month he’s considering joining another prospecting group that is heading for San Francisco, Los Angeles and Las Vegas, three of the hardest-hit housing markets in the U.S.

Zhao’s budget: $1 million.

“L.A. is not bad; a lot of Chinese live there,” he said, noting that he was interested in both apartments and houses.