Why does the US let Chinese citizens buy real estate in America when Americans can't do the same in China?

Created On:

March 28, 2016

Normally, I wouldn't dignify Trump's random rants, but Trump's misconstrued fact jumble has led you astray. 

  1. The Chinese government doesn't lend us yuan.  What would it do for us to have billions of a currency that we can't use?  Rather, the Chinese government accepts roughly $1.5T of our US government debt in exchange for all the money we owe the Chinese for the huge trade deficits we've been running for decades.  If they hadn't, we would have had to raise the money elsewhere and at high interest rates.  Plus, when the Chinese buyers come to the US, they're paying all cash, unless they work here and have a regular income.  You would get roughly the same treatment in China if you were there to buy properties.

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