A few I think we might see: sanctions, trade wars, forex & relationships cooling, increase in military spending and saber rattling
what might be some second order effects of banning citizens of economically illiberal nations like china from buying property in the US as a store of value?
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why would the chinese government even mind? their citizens are buying property abroad to escape their government’s reach.
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More work for accountants and lawyers to get around the restrictions. More houses owned in the names of people's kids. More demand to make sure their kids get citizenship in an economically liberal country. Less privacy as the government will need transparency from everyone.
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these all sound like extremely useful barriers of entry for (increasingly) the chinese middle class, which is now competing with our own middle class for affordable homes in florida, texas, georgia
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Fewer ghostlike neighbourhoods with little social/economic activity. But it would hurt well-intended immigrants. Housing valuations would go down - mostly good for everyone. Alot of universities collect massive donations and fees from foreign students. Vancouver is a good example
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better zoning and infrastructure would probably dampen the debate. There can be enough housing/real-estate for everyone. Unfortunately, the debate is usually around taxes.
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Low key the globalization of the economy is a great deterrent
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this is what i’m hoping for tbh
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