新议案：投资$500,000于房地产外国人，可获绿卡！# Stock
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The reeling housing market has come to this: To shore it up, two Senators
are preparing to introduce a bipartisan bill Thursday that would give
residence visas to foreigners who spend at least $500,000 to buy houses in
the U.S.
The provision is part of a larger package of immigration measures, co-
authored by Sens. Charles Schumer (D., N.Y.) and Mike Lee (R., Utah),
designed to spur more foreign investment in the U.S.
Supporters of the bill, co-authored by Sen. Charles Schumer, say it would
help make up for American buyers who are holding back.
Foreigners have accounted for a growing share of home purchases in South
Florida, Southern California, Arizona and other hard-hit markets. Chinese
and Canadian buyers, among others, are taking advantage not only of big
declines in U.S. home prices and reduced competition from Americans but also
of favorable foreign exchange rates.
To fuel this demand, the proposed measure would offer visas to any foreigner
making a cash investment of at least $500,000 on residential real-estate—a
single-family house, condo or townhouse. Applicants can spend the entire
amount on one house or spend as little as $250,000 on a residence and invest
the rest in other residential real estate, which can be rented out.
are preparing to introduce a bipartisan bill Thursday that would give
residence visas to foreigners who spend at least $500,000 to buy houses in
the U.S.
The provision is part of a larger package of immigration measures, co-
authored by Sens. Charles Schumer (D., N.Y.) and Mike Lee (R., Utah),
designed to spur more foreign investment in the U.S.
Supporters of the bill, co-authored by Sen. Charles Schumer, say it would
help make up for American buyers who are holding back.
Foreigners have accounted for a growing share of home purchases in South
Florida, Southern California, Arizona and other hard-hit markets. Chinese
and Canadian buyers, among others, are taking advantage not only of big
declines in U.S. home prices and reduced competition from Americans but also
of favorable foreign exchange rates.
To fuel this demand, the proposed measure would offer visas to any foreigner
making a cash investment of at least $500,000 on residential real-estate—a
single-family house, condo or townhouse. Applicants can spend the entire
amount on one house or spend as little as $250,000 on a residence and invest
the rest in other residential real estate, which can be rented out.
