Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Tuesday, April 28
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Property»Chinese citizens grapple with Florida law that bars them from buying property
    Property

    Chinese citizens grapple with Florida law that bars them from buying property

    June 17, 20246 Mins Read




    CNN
     — 

    After his employer implemented a return-to-office policy last year, Jin Bian decided to cut down his one-hour commute time by purchasing a house closer to the office in Tampa, Florida. Then, he was told the purchase might get him prison time.

    “That was really shocking to me. It’s just purchasing property,” Bian, who is originally form Nanjing, China, said. “Once I learned that, I didn’t even bother to look anymore.”

    Bian, a 31-year-old software engineer who has lived in the US for 12 years, is a recipient of an H-1B visa, which allows companies to employ foreign workers. For nearly a year, however, it has been a crime for him to purchase a home in Florida after the state’s governor, Ron DeSantis, signed a law restricting Chinese nationals without US green cards from purchasing property in the state.

    Bian and other Florida residents told CNN that the rules have fostered uneasiness and confusion among ethnic Chinese people living in the state. Some say the law has damaged their businesses, while others say they are considering abandoning Florida altogether. And the law underscores the heightened tensions between the two biggest economies in the world in a US presidential election year.

    Bian said that lately, he had begun reconsidering his life in Florida. He isn’t alone. Ever since Florida Senate Bill 264 went into effect on July 1, 2023, Chinese citizens without green cards face a felony charge and possible prison time if they purchase property in the state. Sellers and real estate agents can also be found liable under the law.

    “We feel like we’re different from everyone else because of this type of law,” said Echo King, a US citizen who was born in China and is president of the Florida Asian American Justice Alliance. “We feel like we’re not welcome.”

    Under SB 264, citizens of Russia, Iran, North Korea, Cuba, Venezuela and Syria are prohibited from buying property within 10 miles of any “military installation or critical infrastructure facility” in Florida.

    For Chinese citizens without the permanent right to live in the US, specifically, the law goes a step further, barring the group from purchasing any property in the state.

    “Florida is taking action to stand against the United States’ greatest geopolitical threat — the Chinese Communist Party (CCP),” DeSantis said in a statement last year.

    The law is currently being challenged in court, but several other states are considering similar laws.

    “Florida has gone far beyond what is necessary to combat the so-called CCP influence,” said Clay Zhu, an attorney who has partnered with the American Civil Liberties Union to sue the state, challenging the law. “We think this is a form of discrimination based on race, based on national origin and based on visa status.”

    Zhu likened the law to past discriminatory laws like the Chinese Exclusion Act. He says there should be a distinction made between the CCP and Chinese nationals.

    The law specifically bans the “purchase or acquisition of real property” by “any person who is domiciled in the People’s Republic of China and who is not a citizen or lawful permanent resident of the United States.” But the term “domiciled” isn’t fully defined in the law’s language.

    Susan Li, a 47-year-old small business owner in Orlando, Florida, who holds a green card, said she “really felt the discrimination” when she learned about the bill.

    Like Bian, Li had been searching for a new home when the law passed. Despite the fact that she is a legal resident of the US, her family decided to halt their housing search for fear of potential legal complications.

    “I thought maybe it’s too much to bother, so I’m not looking right now,” she said. “No matter if I have a green card or I’m a citizen, I still have a Chinese face.”

    The controversial law comes at a time when relations between the US and China have grown increasingly tense.

    Last year, fears of the Chinese government spying in the US reached a fever pitch after a Chinese surveillance balloon was discovered over Montana and eventually shot down by the US.

    In addition to allegations that Chinese-owned apps like TikTok are used for spying (which TikTok denies), US lawmakers have increasingly warned that Chinese purchases of agricultural land pose a national security threat. According to the US Department of Agriculture, China owns 349,442 acres of agricultural and non-agricultural land in the US, representing slightly less than 1% of all foreign-held land in the US.

    “The Chinese Communist Party, a dangerous foreign adversary, should not own Virginia’s farmland,” Virginia Republican Governor Glenn Youngkin said on social media last year. “That’s common sense.”

    To Bian, accusations of spying are offensive.

    “We’re ordinary people. We don’t talk about these political things,” he said. “I think 99.99% of people here just want to have a good life.”

    Teresa Jin, a mortgage lender in Florida, said she no longer works with clients who are not permanent residents or citizens of the US, but the grey area around the law’s definition of “domiciled” has created uncertainty. Other lenders have agreed to close on deals that she previously rejected for fear of legal repercussions.

    “The law has caused us so much confusion,” she said. “It definitely hurts business.”

    Zhu said that some mortgage lenders and brokers in Florida have even begun refusing to work with clients with Chinese passports — even if they are legal residents.

    “People feel as if they are being treated as spies or agents of the Chinese government,” Zhu said. “It’s very unfair and also very un-American.”

    Jin, who is a citizen, said she plans to stay in Florida. But others are weighing whether they might be more comfortable living in a different state without a law like SB 264 on the books.

    Li said she will likely leave Florida after her daughter goes off to college. Bian said he has hope that the law will be overturned, but if nothing has changed in a year or two, he plans to move back to California.

    “I don’t think California will ever have this kind of law.”





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous Article3 Surging Utilities Stocks to Buy to Ride the AI Boom
    Next Article Empowering Utilities for the Energy Transition

    Related Posts

    Property

    Conveyance: Definition and Property Transfer Examples

    April 27, 2026
    Property

    Japanese knotweed wipes £21.4 billion off property values

    April 27, 2026
    Property

    HMRC ramps up property valuation challenges in inheritance tax crackdown

    April 25, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Bitcoin

    FBI arrests Alabama man for hack of SEC’s X account that sent Bitcoin soarings

    October 17, 2024
    Finance

    Finance panels, and needs of local bodies

    February 17, 2026
    Stock Market

    Stock market today: Dow, S&P 500, Nasdaq soar as Trump pauses EU tariff hikes for fast-tracked talks – Yahoo Finance

    May 27, 2025
    What's Hot

    le bitcoin peut-il atteindre les 115.000 dollars (et s’envoler après)?

    June 4, 2025

    UAE, Argentina and Ethiopia begin state-backed Bitcoin mining

    October 28, 2024

    Capital B Buys More Bitcoin, Expands Treasury To 2,925 BTC After Debt Conversions And Equity Raise

    April 13, 2026
    Most Popular

    Kiir replaces finance minister amid cash shortages

    August 21, 2025

    Crude Oil: Major Players Scale Back as $60-a-Barrel Squeeze Intensifies

    September 11, 2025

    How high can BTC go?

    October 6, 2025
    Editor's Picks

    L’espoir est-il une stratégie? Bitcoin récupére 85 000 $ Ahed de l’annonce du tarif de la «Journée de libération» de Trump

    April 1, 2025

    Standard Supply AS Investit 50 Millions de Couronnes Norvégiennes dans le Bitcoin

    June 22, 2025

    les stratégies à adopter pour gérer ses cryptomonnaies dans un contexte tumultueux

    April 17, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.