Originally Posted by Ebs
How tightly can a developer regulate who moves in based on nationality, isn't that clearly a discrimination issue? Obviously there is nothing stopping them from marketing to Chinese only markets. Its something I've always wondered about, you see those 50+ only old folk communities and such. Or do discrimination laws not apply such as in job employment?
Deed restrictions and covenants restricting certain races from purchasing or living in the property are no longer legal. What would likely occur is that the developer would do basically zero marketing locally and only market in China are with a local Chinese-American Chamber of Commerce (or similar organization) if it exists. It could also be possible that if, for instance, the developer plans on building 200 houses, they might already have 200 buyers lined up and willing to fork over the cash immediately so there would basically be no need to do any marketing at all.
If a non-Chinese person wanted to purchase one of the homes, he would likely be competing with a foreign buyer who is willing to pay cash and has no need to wait for financing.