new law that bans citizens of China and some other countries from purchasing property in large swaths of Florida can be enforced while being challenged in court, a federal judge ruled Thursday.
Judge Allen Winsor denied the American Civil Liberties Union’s request to block the state law as it seeks to overturn it. The group is representing Chinese citizens living in Florida.
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I concede. Still, there remains a problem of houses being snatched up by corporations, able to outbid any individual, and leaving nothing to actually buy, only rent from the very corporations buying everything. Yeah, we should apply this law to “foreign entities”, as a blanket rule, but there still remains the American corporations doing the same thing.
There was probably an element of anti-asian racism as the impetus of the law, but it also addresses an actual problem, so eh?
Now, if they could ban owning more than two homes, that would be nice. I’d even limit the number of apartment buildings a corporation could own, Maybe one apartment complex per city. Or maybe per state.
Easy loophole… Just open a subsidiary that would own the complex.
That’s where we get into sunshine laws that mandate that all companies must disclose who owns them, and list that owner as part of the paperwork for all company property, and then use that to deny ownership of multiple homes/apartment complexes.
We should have such sunshine laws anyway. It would prevent a lot of issues.