China’s Land Grab: The Sale of U.S. Real Estate to Foreign Adversaries Threatens National Security
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The threat posed by Chinese entities purchasing real estate in the U.S. is real. Enacting prohibitions, and strengthening existing prohibitions, on real estate sales to foreign adversaries is overdue. Efforts to protect the United States’ natural resources are driven by grassroots responses to specific national security failures, and state-level restrictions on foreign real estate ownership are far from novel legal innovations. Twenty-four states already regulate foreign land purchases, with some states doing so in the text of their constitutions. The reforms now being enacted and contemplated in the U.S. Congress and in state houses nationwide are laudable measures to keep pace with growing threats from the Chinese Communist Party and other malign actors. Properly calibrated, such tools can address current and future threats while protecting the private property rights that underlie U.S. vitality.
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