Foreign Property on Native Soil

@Modestah (11195)
United States
January 28, 2008 1:26pm CST
What do you think about foreigners purchasing up companies in your country - as well as real-estate property? I am a little miffed by it. The opec countries are getting rather wealthy off of us who are dependent upon their natural resources - and there is a lot of manipulation to cause us to pay even more - then they come into our country and are buying up large properties and businesses. As much as I dislike companies closing local work and farming it out in other countries I also dislike foreign entities buying up businesses and properties. I think it is going to have a huge and negative impact down the line. Should it be a law that only citizens of the country can purchase large businesses and other realestates?
1 person likes this
2 responses
@jillhill (37354)
• United States
28 Jan 08
I am with you on this. Who is watching and will we soon be owned by another country? If someone gets enough property and businesses where does that leave us? They should have some sort of cap on what can be bought and sold and by whom!
1 person likes this
@Modestah (11195)
• United States
28 Jan 08
I've also been thinking that if American Companies wish to sell products to Americans then they must be required to have that company IN America, and hire workers who LIVE in America. (I happen to be speaking of the USA when I say America) With this there will be more product responsibility as those who make it will be using it, and knowing others who are using it... quality will increase, jobs will increase, morale will increase. I am not talking about imports and exports.
1 person likes this
@jillhill (37354)
• United States
29 Jan 08
That's for sure!
@JoyfulOne (6243)
• United States
28 Jan 08
I pretty much feel the same way about it. It's funny that we make people become an American and to become a citizen before we allow them any privileges here, and screen everybody who enters the country, but then they go and let others purchase properties and they have no citizenship requirements or anything. It doesn't make sense at all. I also dislike the practice of farming things out to other countries because of cheaper labor. We are losing American built products at an alarming rate, and along with the loss of American made products, we are losing the American job force which was the backbone of this country. When is our government going to look after people in it's own country? It's already having a negative impact in my opinion. Maybe they should start penalizing firms that ship their work to other countries instead of giving them giant tax breaks and basically rewarding them for it in other ways. I think if you're going to own American properties, factories, etc, then at the very least you should pass the citizenship and become an American citizen first. Everyone claims they're upset with joblessness and a 'down' economy and all...well DUH!!!Our government's letting this happen!