Buy A House, Get A Visa
Posted by Cori O'Donnell - Thursday, October 20th, 2011
Two U.S. Senators will introduce a bipartisan bill on Thursday that would bestow a residence visa to foreigners who spend $500,000 or more on a house in the U.S.
Senators Charles Schumer (D., N.Y.) and Mike Lee (R., Utah) proposed the bill because they think it will lead to obtainment of more foreign investments, and make up for the lack of real-estate sales among Americans.
The new visa would not allow the foreign homebuyer to work in the U.S. unless they hold a regular work visa, according to The Wall Street Journal. Buyers would be allowed to bring along their spouse and any children under the age of 18. If the property were ever sold then the visa would be deemed invalid.
The Wall Street Journal reports that foreigners have contributed to a growing number of home purchases in South Florida, Southern California, Arizona and other areas that were hit hard by the failing economy.
Replies to This Discussion
-
Permalink Reply by Nota Khan on
-
Just Lady Liberty getting raped once more....
"Give me your tired, your poor,
Your huddled masses yearning to breathe free,
The wretched refuse of your teeming shore.
Send these, the homeless, tempest-tost to me,
I lift my lamp beside the golden door!"(Would the spin be these wretched millionaires are "homeless"? Of course there is already a law that let's the rich US citizenship for a million (meaning they can work too) by buying or starting a business. And those running a business can do it for around $200,000. So this is to facilitates those useless ones who just have cash to burn and will not be productive in any way -- the real refuse. A sort of "fast-track" program for them)...
:)
-
Permalink Reply by Nikki on
-
I think this is wishful thinking. It is true in past recessions that many foreigners would come in and buy houses. They saw it as real estate on sale for bargain prices. But that was at a time when the US was still considered a desirable place to live and it was considered a status symbol to own a home here. That is no longer the case and I see no evidence that large numbers of foreigners are buying in Southern California or Florida. I think that anyone who buys a house to get a visa must be quite gullible but that's what they're counting on to 'fix' the market.
"Destroying the New World Order"
THANK YOU FOR SUPPORTING THE SITE!
Latest Activity
- Top News
- Everything
715995407_27066569266338656_4621890679891427521_n
"cheeki kea I was born in Los Angeles, California and I will never go back there! The Democrats have…"
What was the “Flying Pig” as the Germans Called it?
In 1943 the Eighth Air Force was in a deadly quandary. The US Air Force had no fighter aircraft at…See More
How they Planned the Destruction of America (And Nearly Succeeded)
In 2020 The Democrats went on a major offensive. Prevent Donald Trump from taking office, continue…See More
It's Over. The Tool Bans Just Arrived!
First tool ban is here! A new law was just signed in New York that requires blueprint blocking technology on every CNC machine, laser cutter, lathe and 3D pr...
Angry Old Man James Carville Warns of More to Come?
A new type of signaling is brewing among the left and disenfranchised Democrats who have refused…See More
© 2026 Created by truth.
Powered by
