When a state government is desperate enough, they will sell out your home ownership right, standard of living etc. Look at 4S ranch, those 3000 sqfts McMansion should never be built in those post stamp size 5000 sqfts lot! That’s sad.
Eventually when the foreigner investment group bid high enough(due to their increased purchasing power from currency exchange), local government would/could favor them for land and build policy over our well being. That’s my biggest worry. Foreign investors takeover remains one of my biggest concerns of our US economics decline.
I have seen it happen in Canada (Vancouver, Toronto), it could happen here. Mark my words.
