Florida (and all other US States) should have the same policy that China has towards Americans--it's actually reasonable.
1) You can buy a house, but the land belongs to China. You are just leasing it from them.
2) Only one house may be owned, and you have to live in it.
3) You can't rent it out or otherwise profit from it. It's to live in.
Imagine if we applied this rule to ALL foreign buyers. Rampant speculation and money-laundering would go away, and our current housing crisis would ease somewhat. I disagree with Florida's reasoning, but the rule is solid and is not discriminatory. And, by the way, why has that woman lived here for 11 years and is still a citizen of China???
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