They ain't making any more land.
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The one thing that outperforms the stock market...
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I didnt sell any to the Chinese, but the... i didnt have any chinese trying to buy any. Good thing, because i wouldnt sell to them.
In the philippines, it is against the law for a foreigner to own land. You can own the building on it, but not the land the building sits on. When i bought a home there we had to put the land in Sara's fathers name, and then lease it from him.... 1,000 pesos (about 20 bucks) for a 99 year lease The house on the other hand, is in our names. The US would be better off if we did the same thing.
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USDA reports foreign persons and entities held an interest
in 35.2 million acres of U.S. agricultural land in 2019,
accounting for 2.7% of all privately owned agricultural
land. USDA reports that foreign holdings of U.S.
agricultural land have increased by an average of 2.3
million acres per year since 2015. M
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@larry said in They ain't making any more land.:
In the philippines, it is against the law for a foreigner to own land.
Same in Thailand. But even there, a foreigner cannot even own the building on land or cannot even own a condo. You have to purchase a 99 year lease for a condo, and I do not think this is even possible to do with freestanding houses.
I think we talked about this previously, but I believe that the largest individual owning farmland in the US is Bill Gates.
