Concerns Grow Over Foreign Ownership of Property in Charles Town
In an alarming trend noted by The Journal, residents of Charles Town express concern over the increasing foreign ownership of American real estate, with projections indicating that China could control up to 80% of properties in the U.S. This concerning situation is compounded by the Biden administration's policies allowing the sale of American farmlands to foreign entities, including those near military bases. As housing affordability becomes a pressing issue for middle-class families, there is a call for action to prioritize domestic manufacturing and regain control over local economies to reduce housing costs.
