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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A few I think we might see: sanctions, trade wars, forex & relationships cooling, increase in military spending and saber rattling
why would the chinese government even mind? their citizens are buying property abroad to escape their government’s reach.
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Not sure, just a hunch. Argentina does something like this, they strongly disincentivize capital flight and by limiting the amount of pesos that can be converted into dollars and making conversion illegal. Black markets run rampant.
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Of course the irony is that by limiting capital flight and international trade, they are making it more desirable & valuable to own assets in other places.
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