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@ e999b07e:ed33e073
2025-05-22 14:42:36
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✍️ Rep. Pat Harrigan is introducing a bill to address foreign entities buying up US real estate, even when Americans can't buy property in those countries.
👉 Foreign entities are buying up US real estate, even when Americans can't buy property in those countries
👉 The Real Estate Reciprocity Act would impose a 50% tax on real estate purchases by foreign nationals and entities with government ties
👉 The bill would require foreign buyers to file with the IRS and disclose their purchases
👉 Foreign entities and individuals held 43.4 million acres of US agricultural land as of 2022
👉 Canada was the largest foreign holder of US land as of 2021, with 12.8 million acres
#Rep.PatHarrigan #UnitedStates #Switzerland #NewZealand #Denmark #Philippines #Poland #Vietnam #China #SaudiArabia #NewYorkCity #Canada #politics
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