US to expand security review of land purchases near military installations, Treasury says
reuters.com
Cross-posted from https://sh.itjust.works/post/21971374
The Biden administration on Monday proposed to "vastly expand" security review authority over real estate purchases near U.S. military installations conducted by CFIUS, a powerful committee that screens foreign investments for national security risks.
"This proposed rule would add over 50 military installations, across 30 states, to the existing list of installations around which CFIUS has jurisdiction, including over land purchases," the Treasury Department said in a statement.
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A national security risk is allowing foreign ownership of residential property.
A national economic risk is allowing corporate ownership of residential property too, and yet here we are.
That’s bad too.
As well as agricultural property.
Any property. Citizens only. They can rent if they need a place to stay.
Domestic buyers can be just as much of a risk as foreign buyers. We should abolish land ownership for national security reasons.
And let the government own and control the land? Yikes… I can see that going bad real fast.
BLM and the forest service are pretty okay.
You have far too much trust in the government. Our land belongs to the citizens, and if the government needs to jump in it should be to prevent predatory landlords, which it hasn’t done and therefore has shown it is unable to manage it effectively.