DeSantis vows to follow Trudeau’s lead and BAN Chinese investors from buying property

Ron DeSantis warned Chinese real estate speculators to stay out of the Sunshine State calling the country a ‘hostile nation,’ as he threatened to emulate Canadian Prime Minister Justin Trudeau and ban foreign investors.

In a speech on Tuesday, the Republican presidential hopeful said: ‘We don’t want to have holdings by hostile nations. If you look at the Chinese Communist Party, they’ve been very active throughout the Western Hemisphere in gobbling up land and investing in different things.’

DeSantis also said that it was not in his state’s best interests to have ‘the Chinese Communist Party owning farmland, owning land close to military bases,’ he then asked the question why Americans would want the Communist Party owning ‘residential developments or subdivisions.’

In Florida, foreign investors owned 5.7 percent of privately owned farmland, according to the US Department of Agriculture.

Earlier this year, Trudeau banned foreign investors from buying homes in the country as means to cool down their overheated housing market. Most of Canada’s foreign investors are from China and India. The ban came into effect on January 1.

Trudeau implemented the ban after immigrants pushed up property prices up 38 percent. Census data released in October revealed immigrants now make up 23 percent of the population, with most coming from Asia – causing many industry experts to posit that there is a connection.

During his speech Tuesday, DeSantis went on to say that under his governorship, the state Legislature has passed laws forbidding the China-backed Confucius Institutes from funding research at state colleges.

The Republican argued that China’s funding efforts are part of a plan to ‘bring propaganda’ to Florida.

The governor continued: ‘I think we’re going to go even further on that. The Legislature only went so far a couple years ago. I think they’re going to have an appetite to do more because [China’s] influence on our society has been very insidious.’

DeSantis accused Chinese investors of hurting Florida’s economy and security. He went on: ‘When COVID hit, people needed all these supplies; I think like 100 percent of it was made in China. Why would you want to rely on a hostile nation for things that are integral for our quality of life and security?’

He described ‘disentangling’ from China as being ‘very, very significant going forward.’

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