Michelle Malkin writes on VDARE.com:
The National Association of Realtors reported last week that wealthy Chinese spent $6.1 billion on U.S. real estate in the past year. They've captured more than 10% of the market and have the highest average purchase price of all foreign real estate investors at over $1 million per home.
California is their top pick, with more than a third of all homes located in the Golden State.
In addition, China-tied entities own nearly 192,000 acres of American farmland and forest land—the bulk controlled by ShuangHui International after it acquired U.S. pork producer Smithfield Foods in 2013.
And it’s all thanks to China's favorite vehicle for gobbling up our neighborhoods: the bipartisan-boosted EB-5 investor visa scam, signed into law by George H.W. Bush, and supported by Ted Kennedy, Paul Simon, Prescott Bush, and Mitch McConnell to name a few.
As Malkin notes:
The ultimate fault lies not with Chinese buyers, but with the treacherous Swamp creatures in both parties selling out end-stage America acre by acre, business deal by business deal, from sea to shining sea.
Read more about the Swamp creatures selling out America by Michelle Malkin on VDARE.com by clicking the link attached to this video.