How The Feds Got All That Western Land (and Why It’s a Problem)

“It should be no concern of people in Washington, DC — 3,000 miles away  — as to how a handful of ranchers want to use a tiny corner of land in rural Oregon. Similarly, taxpayers in, say, Ohio (a net taxpayer state) should not be paying to mitigate the effects of overgrazing by ranchers in Oregon, or to build their water projects.  There are, of course, many legal and constitutional obstacles to decentralizing land ownership, but the political obstacles are numerous as well.  The perennial conflicts in the West over land seizures by environmentalists, regulatory battles, micromanagement, and overgrazing all illustrate how much of a failure the federal land ownership scheme has been.”

https://mises.org/blog/how-feds-got-all-western-land-and-why-its-problem

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Where Rich Chinese Stash Their Cash: America’s Hotels and Strip Malls

“While wealthy Chinese home buyers have pulled back on U.S. purchases in recent months amid the market turmoil at home, investors looking for commercial property have kept buying aggressively, brokers said. Many have centered on unlikely investments such as small office buildings, chain hotels and other nondescript properties in and around big U.S. cities, seizing an opportunity to place greater sums of money outside their government’s reach.  China’s middle-class families, meanwhile, have received attention for their purchases of individual homes and condo units in U.S. cities. Those transactions could be cooling, too, as Beijing tries to keep money from exiting the country.”

http://www.wsj.com/articles/where-rich-chinese-are-stashing-their-cash-americas-hotels-and-strip-malls-1449556200

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The powerful countries that are buying up much of the world’s land

“China, home to 20 percent of the world’s population but only 8 percent of the world’s arable land, has gone abroad in search of farmland.  In Africa alone, Chinese ‘friendship farms’ grow cabbages in the Democratic Republic of Congo, raise fish in Angola, or harvest sesame seeds, cashews and peanuts in Mozambique.  These purchases are often described as a kind of neocolonialism unique to China.  So it might surprise you that the U.S. and the U.K. are basically on par with China when it comes to buying and leasing land in other countries.  Most of the world’s countries had bought or sold land internationally as of 2012. But the trade is dominated by China, the U.K. and the U.S.”

http://www.washingtonpost.com/news/wonkblog/wp/2015/05/21/rich-countries-are-buying-up-farmland-from-poorer-ones-around-the-world/

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Beef, big bucks and buy-ups: are Chinese investors changing the face of Australia?

“The arrival of the Chinese as serious buyers into Australian agriculture coincides with the Abbott government dramatically raising the scrutiny of their farmland purchases.  It has slashed the threshold for Foreign Investment Review Board screening of agricultural land acquisitions by Chinese from $248m to $15m, which has focused new attention even on deals at the modest end of this space. The government has also tasked the tax office with collecting all data on foreign ownership of farmland, with a view to compiling a register next year.  These moves come well on the heels of Europeans, Americans, Japanese and Koreans acquiring great swaths of Australian agriculture.”

http://www.theguardian.com/australia-news/2015/aug/06/beef-big-bucks-and-buy-ups-are-chinese-investors-changing-the-face-of-australia

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Australia Orders More Foreign Homeowners to Sell

“Several foreign owners of residential property across Australia have been ordered to sell as the government intensifies its crackdown on the abuse of homeownership laws by buyers from China and elsewhere.  Treasurer Joe Hockey said foreign investors have been ordered to sell six properties in the cities of Sydney, Brisbane and Perth.  The treasurer said he expects more divestment orders will be announced soon, and promised to increase penalties for those who break the rules. The conservative government is under pressure to make housing more affordable, and rein in surging investor buying that some fear may push the market to unsustainable levels, causing a crash.”

http://www.wsj.com/articles/australia-orders-more-foreign-homeowners-to-sell-1439024595

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Tokyo Court: Bitcoin Not Subject to Ownership

“Tokyo’s District Court has ruled that bitcoin is ‘not subject to ownership’, with a judge informing a plaintiff he could not claim for bitcoins lost in the Mt Gox collapse.  Judge Masumi Kurachi stated that, due to their intangible nature and reliance on third parties, bitcoins cannot be covered under existing law.  Kurachi’s comments, reported by The Japan Times, came during a lawsuit bought against bankrupt bitcoin exchange Mt Gox by an unnamed Kyoto resident.  Representing himself in court, the plaintiff had demanded repayment of 458 bitcoins, today worth $128,144, that were held in his account when the exchange shuttered last year.”

http://www.coindesk.com/tokyo-court-bitcoin-not-subject-to-ownership-2/

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Ruling Allows Officials to Seize Your House Because It’s ‘Ugly and Dumb’

“What many people do not know is that the plan could have been finished without destroying many of the homes that were ultimately seized through eminent domain. Pfizer executives, however, said that they didn’t want their beautiful headquarters ‘surrounded by tenements.’  Think about that. A large corporation was going to receive a gigantic gift, but still felt empowered to demand that people whose homes could have been preserved must nevertheless be forced out because, as the president of NLDC put it, their houses looked ‘ugly and dumb.’ Thus we see one of the hidden consequences of eminent domain – it engenders a domineering, elitist attitude.”

http://affluentinvestor.com/2015/07/this-ruling-allows-officials-to-seize-your-house-because-its-ugly-and-dumb/

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Buy a house in the gorgeous Italian countryside for just £1

“The price tag is genuine, part of a plan to attract people to three towns which are at dire risk of dying out if they don’t expand their population. Some properties are even being offered for free.  These are crumbling, fascinating houses set in superb locations which have been abandoned and are now at risk of crashing to the ground. They are set in villages which are just a hairs-breadth away from becoming one of Italy’s fabled ‘ghost towns’ – places where natural disaster, lack of jobs and even pirates have driven locals from their homes in search of a better life.”

http://www.dailymail.co.uk/news/article-3078943/Buy-house-gorgeous-Italian-countryside-just-1-Village-homes-given-away-stop-blight-ghost-towns-ll-need-promise-18-000-up.html

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The Ultimate Privacy Protection: Foreign Real Estate

“If you own a foreign property in your own name … registered to you as a legal person in your own right … you are under no obligation whatsoever to report its existence to the U.S. government. Even if you earn income from the property, such as rental, you don’t have to identity the property when you file your U.S. tax returns.  If you own property in a foreign country, it doesn’t form part of any U.S. property registry or tax database. There’s no way anyone can find out that you own it … with two exceptions.”

http://thesovereigninvestor.com/asset-protection/privacy-protection-techniques/

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Shenzhen’s Properties Soar As Foreigners Rush In

“China’s property market is seeing tentative signs of revival.  Primary residential property prices in the 70 major cities posted a month-to-month increase of 0.06%, the first time in the past 13 months to record positive change, data provided by The National Bureau of Statistics show.  But Shenzhen is stealing the show. New home prices there jumped by 6.7%. By comparison, the other three tier-one cities, Shanghai, Beijing and Guangzhou, recorded only 2.6%, 1.4% and 1.4% rise. Shenzhen is home to the vibrant technology industry. Tencent Holdings, for instance, is headquartered there. Shenzhen’s ChiNext board, which hosts New Economy stocks, has more than doubled this year.”

http://blogs.barrons.com/asiastocks/2015/06/18/move-over-shanghai-shenzhens-properties-soar-as-foreigners-rush-in/

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