Texas mogul is branded 'treacherous' over
'deal of the century' which saw him sell
130,000 acres of farmland to Chinese billionaire
Daily Mail (UK),
by
Miles Dilworth
Original Article
Posted By: Imright,
9/3/2023 11:19:35 AM
A Texan real estate mogul allegedly made 'millions of dollars' by selling vast swathes of local farmland to a Chinese billionaire with close ties to Beijing.
David Frankens, from Lufkin, East Texas, scored the 'deals of the century' when flipping the land at around twice its market value to Sun Guangxin, a former captain in the Chinese military, local realtors told DailyMail.com.
The trades have sparked fury among ranchers in Val Verde County, where Sun bought more than 130,000 acres of farmland for an estimated $110million between 2016 and 2018.
Reply 1 - Posted by:
velirotta 9/3/2023 11:41:35 AM (No. 1548661)
Property sales to communist Chinese should be forbidden in the USA, period.
65 people like this.
Reply 2 - Posted by:
Northcross 9/3/2023 11:46:56 AM (No. 1548663)
So can I buy property in China? Not likely. Why are we allowing this?
48 people like this.
Reply 3 - Posted by:
kono 9/3/2023 12:06:58 PM (No. 1548672)
Any effort to regulate sales of American property to China is already too late to stop Bubba's releasing American rocket-guidance tech to them in 1999 (and getting 'contributions' from them in return).
27 people like this.
Reply 4 - Posted by:
felixcat 9/3/2023 12:07:42 PM (No. 1548673)
Hmmm - the wonderful private sector strikes again. Isn't that what I am told by the likes of Andrew Wilkow, et al - businesses should only worry about profits and their stockholders. It's his private land so he can do what he wants with it. Right?
6 people like this.
Reply 5 - Posted by:
lgplgp 9/3/2023 12:34:21 PM (No. 1548685)
Let them buy as much farmland as they want. We get their $$$ and they can't take the land back to China when push comes to shove we keep the land and the crops and they starve.
This happened in Hawaii back in the 80's with the Japanese, ran up real estate prices, then the market collapsed and americans bought the properties back at cut rate prices.
15 people like this.
Reply 6 - Posted by:
spacer 9/3/2023 12:47:30 PM (No. 1548694)
Just another pig millionaire that doesn't give a flip about America and hides his debauchery behind the Cross and his supporting President Trump. Scum.
14 people like this.
Reply 7 - Posted by:
PostAway 9/3/2023 12:57:00 PM (No. 1548700)
I lived in Hawaii and California when Japan bought property to include even The Curry Company which owned concessions at Yosemite. But they were not our sworn enemies and we weren’t being overrun by drug cartels, illegal aliens and heaven knows what else. We also have malign and treasonous leadership making this is no time to be tolerant of land sales that encroach on the safety of Americans.
25 people like this.
Reply 8 - Posted by:
Jesuslover54 9/3/2023 1:30:59 PM (No. 1548721)
Tar. Feather. Repeat.
17 people like this.
Reply 9 - Posted by:
LC Chihuahua 9/3/2023 1:50:36 PM (No. 1548728)
Any word on what the Chinese plan to do with the land? Just curious.
13 people like this.
Reply 10 - Posted by:
DVC 9/3/2023 2:03:23 PM (No. 1548736)
We'll keep the land right here, and eventually he'll die and someone here will buy the land.
7 people like this.
Reply 11 - Posted by:
konocti95 9/3/2023 3:08:48 PM (No. 1548762)
$110,000,000 divided by 130,000 acres is $846 per acre. People in California would call that a steal. Some might have a different opinion. I'd refer readers to the funny poem called "He'll in Texas"
https://allpoetry.com/Hell-in-Texas
1 person likes this.
Reply 12 - Posted by:
Lawsy0 9/3/2023 3:16:33 PM (No. 1548768)
Pay back will come when it comes. You can't plan for it. Just hunker down and wait.
7 people like this.
Reply 13 - Posted by:
kono 9/3/2023 3:20:44 PM (No. 1548770)
The Constitution should protect private property from onerous government meddling. But one restriction seems manifestly necessary and appropriate -- no private transfer of real estate to foreign powers. It protects our national sovereignty, as our border SHOULD be doing.
12 people like this.
Reply 14 - Posted by:
Hermit_Crab 9/3/2023 3:22:09 PM (No. 1548771)
WOW! The pay must be really good in the Chinese Army if a mere Captain can buy that much land in the USA.
/s
11 people like this.
Reply 15 - Posted by:
mseegal 9/3/2023 3:51:59 PM (No. 1548776)
The historian Toynbee said great civilizations don't die by murder. They die by suicide.
14 people like this.
Reply 16 - Posted by:
danu 9/3/2023 3:53:53 PM (No. 1548777)
the problems we see#5 is that , unlike japan, [f-16] joe allows hordes of military age, even uniformed, chinese men to infiltrate the
country...to buy out whatever they want. our laws and traditions of liberty and economic sanity are maintained only with vigilance.
7 people like this.
Reply 17 - Posted by:
TXknitter 9/3/2023 4:26:40 PM (No. 1548787)
Well #10, unfortunately for us, Chinese smarter than that and are known to plan ahead. I wish there was a way to put lipstick on this pig too! This good ole Lufkin boy, East Texas native cares about as much for Texas and his country as the Bushes of Crawford do. Money and power are what matters.
9 people like this.
Reply 18 - Posted by:
Felixed 9/3/2023 5:23:47 PM (No. 1548801)
Sounds like this David Frankens would be excellent US Senate material. Perhaps even Presidential timber!
1 person likes this.
Reply 19 - Posted by:
smokincol 9/3/2023 5:50:14 PM (No. 1548810)
the fact of the matter is: everyone in China has close ties to the Communist party otherwise they'd be in a prison camp out in the furthest reaches of the country of China
- it goes without saying that no foreign entity should own land or businesses in the USofA and should relinquish all present ownership of any such land or business(es) to the United States government, without hesitation, especially any country or entity considered a possible adversary or commercial opponent
- ie: any nation that is a possible economic rival (we should treat them the same way they treat us)
7 people like this.
Reply 20 - Posted by:
bamboozle 9/3/2023 7:40:10 PM (No. 1548839)
Heck, can a noncitizen buy property in Mexico?
1 person likes this.
Reply 21 - Posted by:
Heil Liberals 9/3/2023 7:54:33 PM (No. 1548845)
Why do we have so many traitors at all levels but especially the wealthy? Do they honestly worship and value the money more than they do their soul? Or, did they ever really have a soul?
4 people like this.
One thing I happen to agree with Mexico about is they will not let foreigners buy land/property in their nation, especially the prime areas like the coastal properties. Maybe we need to implement this concept in America. No more selling our country out to the Chinese. This property owner is as bad as Swallwell and his little spy mistress.
3 people like this.
Reply 23 - Posted by:
rochow 9/3/2023 8:53:25 PM (No. 1548861)
This low life piece of trash should be thrown out of Texas. What a traitor! And surely one of the ugliest men on the planet. Inside and out.
5 people like this.
Reply 24 - Posted by:
watashiyo 9/4/2023 3:35:41 AM (No. 1548938)
America's been on sale for decades. If you look hard enough, you'd be surprised many THINGS once owned by Americans are now in the hands of foreigners, both friends and foes. Complacency by the government and the people allowed the destruction of Amerika from the inside. The fix is in and the cure is terminal.
2 people like this.
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