{"id":124355,"date":"2026-03-16T05:00:00","date_gmt":"2026-03-16T09:00:00","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/foreigners-are-snapping-up-us-homes-and-stealing-the-american-dream-out-from-under-families-124355"},"modified":"2026-03-16T05:00:00","modified_gmt":"2026-03-16T09:00:00","slug":"foreigners-are-snapping-up-us-homes-and-stealing-the-american-dream-out-from-under-families","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/foreigners-are-snapping-up-us-homes-and-stealing-the-american-dream-out-from-under-families-124355","title":{"rendered":"Foreigners are snapping up US homes and stealing the American dream out from under families"},"content":{"rendered":"
\n

President Donald Trump<\/a> is pushing hard for Congress to ban Wall Street firms from buying single-family homes. He\u2019s\u00a0rightly worried\u00a0that financial tycoons are crowding out younger and middle-class homebuyers, especially in fast-growing Southern cities. But there\u2019s another kind of homebuyer the president and Congress should cut off at the pass: foreigners who are blocking our own citizens from the American Dream.<\/p>\n

In a\u00a0new paper<\/a>, I show that foreign homebuyers are far more common than most people realize. Between April 2024 and March 2025 alone, foreigners purchased more than 78,000 American homes.\u00a0 And foreign homebuying is becoming more common with every passing year. Between 2024 and 2025 alone, foreign buyers spent 33% more on U.S. homes than they did in the previous year.<\/p>\n

Each home bought by someone from outside the U.S. leaves one fewer home for Americans to buy. That fact alone raises prices for first-time homebuyers \u2014 it\u2019s Economics 101. But the situation is even worse when you account for the fact that nearly half of foreigners paid all cash. Younger Americans and middle-class families simply can\u2019t compete with all-cash offers \u2014 certainly not if they\u2019re buying their first home. The playing field is tilted against them, and it\u2019s tilted in favor of people who may have never set foot in America at all.<\/p>\n

But who, exactly, are these foreign homebuyers?<\/p>\n

HOUSE PASSES BIPARTISAN HOUSING BILL AS TRUMP ZEROES IN ON AFFORDABILITY CRISIS<\/strong><\/a><\/p>\n

Shockingly, a huge number of them are from economic and strategic rival nations. The most foreign homebuyers come from communist China<\/a>. They purchase about one out of every six foreign-bought homes, and in 2025 alone, they dropped $13.7 billion on American homes.<\/p>\n

Tellingly, nearly half of these Chinese buyers intend to use their new home as a way to gain permanent residence in the United States<\/a>, giving them preferential access to things like a college education for their children. In other words, not only are Chinese citizens crowding Americans out of homes \u2014 they\u2019re pushing Americans out of other U.S. institutions, as well.<\/p>\n

Whether they\u2019re from China or anywhere else, it\u2019s important to note that these foreigners aren\u2019t simply buying condos or townhomes. They\u2019re overwhelmingly buying the single-family detached homes<\/a> that Americans want most. Nearly two out of every three foreign home purchases are in that category. So foreign homebuyers are dimming the heart of the American Dream itself.<\/p>\n

No matter where they\u2019re from or what kind of home they get, foreign homebuyers are standing in the way of American citizens. But other countries don\u2019t make this mistake. They\u2019ve enacted heavy restrictions on foreign homebuyers precisely because they want to put their own people first.<\/p>\n

CLICK HERE FOR MORE FOX NEWS OPINION<\/strong><\/a><\/p>\n

Canada is a case in point. While Canadian citizens<\/a> are some of the most common buyers of American property, their own country bans most foreign purchases of homes. Many foreign purchases that are still allowed are hit with heavy taxes in order to deter them.<\/p>\n

Similarly, China severely limits foreign homebuying, even as many of its citizens buy homes in America. The double standard is clear \u2014 and so is the harm to America\u2019s people and interests. Our citizens are waiting in line behind homebuyers from our country\u2019s top strategic and economic rival<\/a>. In what world does that make sense?<\/p>\n

The problem is obvious \u2014 but so is the solution. Congress should restrict foreigners from buying American homes<\/a>, either with an outright ban or heavy taxes that discourage purchases. The Republican Study Committee has already\u00a0laid out a plan\u00a0to significantly raise taxes on homebuyers from overseas. Such innovative ideas deserve attention and action in the coming months.<\/p>\n

This isn\u2019t a matter of sticking it to foreigners. It\u2019s about standing up for our own citizens. The American Dream is for the American people, and young professionals and middle-class families urgently need it brought within their reach.<\/p>\n<\/div>\n

Source – https:\/\/www.foxnews.com\/opinion\/foreigners-snapping-up-us-homes-stealing-american-dream-out-from-under-families <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

President Donald Trump is pushing hard for Congress to ban Wall Street firms from buying single-family homes. 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