[gremlinsinc]

What's stopping the U.S. from making it illegal for foreign real estate holdings? Take back all the real estate, and auction it off at reasonable values, would go a long way to fix the rent issues. We don't owe foreign nationals anything, you should have to be a U.S. citizen or legal resident living stateside to hold/own land in America. If you live in the house as a legal resident that's one thing, but if you live in mainland china, or hong kong, and are just 'holding onto the real estate' - they should give 1 year to sell or your property will be auctioned and you'll receive 50/50 split -- govt getting the other 50.

[niij]

Can you explain _why_ you think that would be beneficial?

Why moving abroad for a year you automatically lose your property rights? Does this just apply to real estate or do you release all property rights, such as cash, stocks, property left in a storage unit, car, etc?

[gremlinsinc]

Moving abroad you're still a U.S. citizens, I'm talking about non-us nationals buying up property strictly to hold/sell later, or to use as AIRBNB, etc... A little old but here's an example: https://www.cnbc.com/2017/07/18/foreigners-snap-up-record-nu...

I get if you are a U.S. national and live abroad some times and come back sometimes keeping a home, but a business man in china just holding 5-10 homes, or using U.S. real estate to launder money, definitely serves no purpose.