Yes, you read right. While the Congress, Banks, and the Federal Reserve have allowed an enormous asset bubble followed by a debt to be created right underneath our noses, two members of the Senate now propose selling residency to foreigners that invest over $500,000 in the US housing market.
Great, so all the Chinese manufacturing billionaires, Saudi oil Sheikhs, and Russian natural gas and oil tycoons can buy American assets and bailout the housing crisis. They are essentially proposing selling residency as well as our assets.
American homeowners that are underwater cannot negotiate with their banks unless they fall behind and destroy their credit. They continue to suffer while Congress sends tax dollars to banks via TARP bailouts and selling off to foreign investors that benefited from our failed energy and trade policies.
BRILLIANT!! Destined to Fail - America that is. WTF are these people thinking?
U.S. immigration new bill: $ 500,000 purchase at least 3 years residence visa delivery
October 22nd, 2011
admin
money to buy a set.
Be spent 500,000 to buy a house residence visa
According to the U.S. “The Wall Street Journal,” 20 reported that two U.S. senators on Thursday to submit to Congress a new bill, to those who invest in the United States at least $ 500,000 foreigners to buy houses issue a temporary resident visa.
According to Utah Republican Senator Mike– Lee (Mike Lee) and New York Democratic Senator Charles – Schumer (Charles Schumer) motion filed in the United States at least $ 500,000 investment for foreigners to buy houses will be 3 residence visa, but in working through the normal procedure for obtaining a visa still not work in the U.S. before. They will be allowed to take any age of a spouse and children under the age of 18, but once they sold the purchased property, their right of abode also will be canceled.
This plan is that the two members of a broader immigration part of the program. They hope that this motion can help to absorb excess inventory through to boost the U.S. housing market downturn.
According to the American Association of Realtors (National Association of Realtors) data, as of the end of a 3, residential real estate sales in the United States about $ 82 billion from foreign buyers, compared with the previous year’s $ 66 billion increased significantly. The past purchase of foreigners in the United States, Canadians accounted for a quarter, China, Mexico, Britain and India buyers account for another quarter.
If the measuresmotion was passed by Congress, will be present to add U.S. visa program. Schumer said: “This is not a child to spend the federal government needs children can stimulate more ways.”
Reported that the U.S. has implemented a series of visa programs, including those in the United States to invest and create jobs, business visas for foreigners to attract foreign investment. New bill, if passed, will become an important supplement to the existing visa program.
The U.S. housing market suffered heavy losses in the financial crisis, and so far recovery is weak. Economic downturn, weak job market and household wealth for many Americans purchase prohibitive, resulting in an oversupply of housing market, housing prices continue to slump. The new bill is the hope to attract foreigners to buy property in the United States, to stimulate the real estate market recovery.
Recently, the United States, low prices have attracted a large number of foreign investors into the market. According to the U.S. National Association of Realtors statistics, one in 3 years as of today, foreign investors in the U.S. residential market, a total investment of about $ 82 billion, compared with an increase of about $ 16 billion.
Visas generally can not hold this job
The new visa if foreigners who enter the United States, except through the normal procedures to obtain regular work visa, or not in the United States. These people can bring a spouse and children under 18 years of age to enter the United States, but if you sell real estate in the United States, they will not be able to legally stay in the United States.
New residence visa will be independent of the current U.S. visa program to allow the applicant to wait for another visa without being expelled. New items will no visa quota restrictions.
According to the National Association of Realtors data, in the past one, Canadians accounted for a quarter of people buy a house overseas, and China, Mexico, the United Kingdom and Indians together accounted for a quarter.
New visa vision has won some supporters, including the famous investor Warren Buffett. Buffett has called this summer to encourage more “affluent immigrants” to the United States to buy a house.
Buffett 8 to accept the public broadcasting company reporter, said: “If the relaxation of immigration policies to allow 500,000 families enter the United States, and they must have significant net assets and everything, you will soon solve the problem.”
However, some industry sources questioned the relaxation of immigration policies. Realogy CEO Richard Smith said foreign home buyers buy a house in the United States without the “stimulus” measures, “many Americans are willing to buy a house, just need to fix the economy.”
However, some industry sources questioned the relaxation of immigration policies. Realogy CEO Richard Smith said foreign home buyers buy a house in the United States without the “stimulus” measures, “many Americans are willing to buy a house, just need to fix the economy.”
New visa measures envisaged in San Marino, California areas may be more targeted, because the region is increasingly favored by foreign people buy a house. Maggie Navarro said real estate agent to relax immigration policy may have an enormous impact, because many people buy from China is facing visa problems.
U.S. technology companies urged to relax immigration policy
1018, according to United States “newspaper” reported that the U.S. and multinational corporations to retain foreign high-tech talent to apply for visas the delays and difficulties encountered, and painful. They had abroad, rather than expansion of facilities and operations in the United States. That trend is to put pressure on President Barack Obama, forcing him to shelve comprehensive immigration reform policy – that would cause anger is a key risk Hispanic voters – perfect for engineers and computer programmers and other technical personnel to provide work permits and green card the system.
Company executives warned Obama: “I want high-tech immigration reform attached to the highly controversial comprehensive immigration reform, the United States can not stand.” Quoted Reuters news that General Electric (GE), Boeing (Boeing), DuPont (DuPont) and other companies, said, “given that the U.S. economy is facing challenges in the era of globalization, we need to rethink.” American Chamber of Commerce would like to take rapid action for skilled workers, because according to Obama also refused to Capitol Hill to solve without permit workers and border security requirements, will not soon reach an agreement.
General Chamber of Commerce and more promise repair (Thomas Donohue) said, “I’m not sure you can make such a large number of things we may need time to do one thing, which is one of the things done as soon as possible.”
New York Mayor Michael Bloomberg (Michael Bloomberg) said that in order to retain foreign students in the United States caused by the U.S. visa application software, electronics, pharmaceutical and aerospace industry professionals on the “critical gap,” he said, frankly will reject these students outside of the door is what we have done the most stupid thing. We can not refuse to have skilled people, they are our country’s growth and success of the need. It is undermining our own economy the United States each paid 65,000 H-1B skilled workers visa, usually every one or two to run out of places are serious restrictions on foreign students and the selection of experts.
Although the United States each paid 100 million copies to permanent residence “green card” given to only 15% of skilled workers and their families, and these places have the nationality requirement, strictly limiting the power of talent in America.
Union leaders fear that the employment of foreign workers, said they would accept less than American wages. But supporters said the skilled migration, wage differentials were expanded. They say immigrants are generally create jobs, because they are likely to start a business than the United States twice, but also help them access to foreign export markets.
Obama foreign workers is likely to be handled carefully, because as part of his 2012 re-election, his greatest effort is to reduce U.S. unemployment.
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