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Jurisdiction Judo: Temporary Reprieve for Foreign Buyers
– Florida’s home field turf just got a bit more crowded. A court order has allowed two shoppers of the far-flung variety to resume their bargain-hunting in the Sunshine State.
– Foreign buyers had a major “Ouch!” moment back in November 2021, when they were shoved out of the state’s real estate ring due to a new law, SB264.
– After a few rounds of legal grunt work, two international would-be buyers are back in the game thanks to a temporary injunction.
– Their legal spar resulted into a partial TKO against the law. Keep eyes peeled for a rematch this April!
Hot Take
Now folks, let’s take a moment here for some real estate real talk. There’s more back and forth in this saga than a Wimbledon final. Seems Florida’s been caught in a weird game of ‘heaves and hos’ with foreign real estate buyers. One minute they’re in, the next they’re out, talk about being in a relationship with an indecisive person.
With no clear end in sight to this bouncy house ride, there’s only one thing certain – it’s worth grabbing your popcorn and ringside seat! This might play out like a classic wrestling match between global economizers and home soil protectors. I mean, who doesn’t love a good court case cliffhanger?
So, will foreign buyers raise the victorious real estate belt? Or will they be banished once again, left sobbing into their international investment portfolios? It’s definitely an undercard match worth watching out for. The volley continues in April folks, mark your calendars for a showdown that could well be a landmark in real estate rights!
How ’bout a moment of silence for all those mansions waiting to be swiped right by their foreign sweethearts? After all, isn’t love supposed to cross borders… or at least property lines? So much drama, so little time!
Original article: https://www.inman.com/2024/02/06/federal-judges-side-with-plaintiffs-in-chinese-buyer-ban-hearing/
