US economy: Foreign home-buyers sought

[Jos]

Two US senators have proposed a plan to offer visas for foreigners buying homes worth $500,000 (£314,000) or more.

Democrat Chuck Schumer and Republican Mike Lee, sponsoring a bill, say it is a move to increase housing demand.

The proposal is similar to an existing Green Card program for foreigners who invest at least $500,000 in an American business that creates at least 10 jobs.

The US Chamber of Commerce has announced its support for the new legislation proposal.

"Our housing market will never begin a true recovery as long as our housing stock so greatly exceeds demand. This is not a cure-all, but it could be part of the solution," said Mr Schumer, a Democrat from New York.

"The bill does not limit people from being productive," Mr Schumer said. "It simply prevents them from coming here and taking jobs that otherwise would go to Americans."

BBC News - US economy: Foreign home-buyers sought

 

[Angelhair]

All I have to know is that the U.S. Chamber of Commerce is behind this. It can't be good since they have supported illegal entry for most of their existance - rest my case.

 

[syrenn]

Two US senators have proposed a plan to offer visas for foreigners buying homes worth $500,000 (£314,000) or more.

Democrat Chuck Schumer and Republican Mike Lee, sponsoring a bill, say it is a move to increase housing demand.

The proposal is similar to an existing Green Card program for foreigners who invest at least $500,000 in an American business that creates at least 10 jobs.

The US Chamber of Commerce has announced its support for the new legislation proposal.

"Our housing market will never begin a true recovery as long as our housing stock so greatly exceeds demand. This is not a cure-all, but it could be part of the solution," said Mr Schumer, a Democrat from New York.

"The bill does not limit people from being productive," Mr Schumer said. "It simply prevents them from coming here and taking jobs that otherwise would go to Americans."

BBC News - US economy: Foreign home-buyers sought

great.... now we not only have them finding a way in without citizenship... they will buy up the country too.


oh hell no.

 

[Swagger]

I personally know three Englishmen who have no criminal record, little or no debt and possess valued qualifications, but have been denied a green card. Yet a (steadily increasing) x amount of unqualified Mexicans and Central American immigrants cross the border illegally and are allowed to stay indefinately.

What gives?!

 

[Tank]

What if a million Mexicans each put in one dollar to buy a million dollar home, will they all get citizenship?

 

[syrenn]

I personally know three Englishmen who have no criminal record, little or no debt and possess valued qualifications, but have been denied a green card. Yet a (steadily increasing) x amount of unqualified Mexicans and Central American immigrants cross the border illegally and are allowed to stay indefinately.

What gives?!

No shit!

 

[mskafka]

Two US senators have proposed a plan to offer visas for foreigners buying homes worth $500,000 (£314,000) or more.

Democrat Chuck Schumer and Republican Mike Lee, sponsoring a bill, say it is a move to increase housing demand.

The proposal is similar to an existing Green Card program for foreigners who invest at least $500,000 in an American business that creates at least 10 jobs.

The US Chamber of Commerce has announced its support for the new legislation proposal.

"Our housing market will never begin a true recovery as long as our housing stock so greatly exceeds demand. This is not a cure-all, but it could be part of the solution," said Mr Schumer, a Democrat from New York.

"The bill does not limit people from being productive," Mr Schumer said. "It simply prevents them from coming here and taking jobs that otherwise would go to Americans."

BBC News - US economy: Foreign home-buyers sought

Very disturbing.

 

[Angelhair]

I can just see how many drug lords from all over latin america are chomping at the bit when they find out about this. Can these liberals get any more ridiculous and nuts???!!