[Daily Mail, where America gets its news] - California and New York are the top two spots for Chinese buyers in the US, followed by Indiana and Florida, tied for third
- Chinese buyers spent $6.1billion in the US on mainly primary residences (52 percent) and residential rentals (25 percent)
- Florida has hit its 14 consecutive year as the number one spot overall for foreign buyers, which Governor Ron DeSantis, 43, called a 'huge problem'
- Chinese buyers are being pushed out of other countries, like New Zealand and Australia for driving up housing prices
- Many are doing so to avoid paying income taxes in their home country, it has been reported
- Like New Zealand and Australia, DeSantis wants to impose foreign taxes on them to deter them from buying on US soil
- 'I don't think they should be able to do it. I think the problem is these companies have ties to the CCP, and it's not always apparent,' DeSantis said
A total of 6,100 properties in the US are owned by Chinese citizens and they spent an average of $470,600 for it.
More than 65 percent bought detached single-family homes. Ten percent bought condominiums and nine percent bought townhouses.
Overall, Canada was the second largest buyer at $5.5billion, followed by India at $3.6billion, followed by Mexico at $2.9billion, Brazil at $1.6billion, and Colombia at $1billion.
Foreign buyer purchases made up 4% of the $1.7 trillion existing-home sales last year, the NAR report noted.
Chinese investments in U.S. housing reflect in part a flight of capital from China in recent years, said Keys. “A big part of that was about wealthier Chinese citizens moving their money abroad to avoid taxes and to avoid scrutiny,” he added. In fact, China in 2016 experienced “the greatest episode of capital flight in history,” according to a Wall Street Journal report at the time. 
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