Foreign Investment in the United States
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The April 30 section contained two letters concerned with the increase in foreign real estate investments in the United States.
I would like to remind the writers that as American citizens, we are not forced to sell our property--except during World War II, when the government imprisoned citizens and forced them to sell their assets.
One letter writer suggested that legislation be proposed to limit foreign investment in our country. I would like to suggest that the writer organize his friends and neighbors into a group that will not sell to foreign buyers no matter how much profit they stand to make. After all, it is his friends and neighbors who are deciding freely to sell their homes.
I hope the letter writers will stand behind their thoughts when a buyer offers them hundreds of thousands of dollars for their homes. Slam the door in their faces and say, “Hell no, we won’t sell!” But please, leave the government out of it. I for one would like to have an option when someone offers me a good return on my investment.
ANDREW KO
Long Beach
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