Showing posts with label Congressional BNill would allow foreigners to buy US haomes. Show all posts
Showing posts with label Congressional BNill would allow foreigners to buy US haomes. Show all posts

Thursday, December 1, 2011

HAS CONGRESS GONE MAD?

Submitted by: Debbie Warren

American jobs...and when I called Cornyn's office a month ago, his aide said "Oh, no! they won't be allowed to rent the houses!" Right; how do they live in multiple homes? And why should Americans be renting from foreigners?   Debbie Warren

to track this bill (it is still in committe):  http://www.govtrack.us/congress/bill.xpd?bill=s112-1746

Bill would encourage foreigners to buy U.S. homes

The bipartisan Senate bill would allow foreigners who spend at least $500,000 on a residential property to obtain visas allowing them to live in the United States.

  • A house in San Marino, where median home prices have risen -- largely because of Asian home buyers and investors -- even as real estate values in the region have declined.
A house in San Marino, where median home prices have risen -- largely because… (Gary Friedman, Los Angeles Times)