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Foreign buyers scooping up U.S. homes
CNN Money ^
| October 21, 2011
| Les Christie
Posted on 10/21/2011 6:00:55 AM PDT by listenhillary
Edited on 10/21/2011 6:26:31 AM PDT by Admin Moderator.
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Granting visas to people with wealth? Your thoughts? Does anyone look closely at the new owners? Will it be a terrorist immigration dream come true?
To: listenhillary
As an American, try buying land in a foreign country. Good luck. I have no idea why we are doing this, unless we are pawning the family silverware at this point.
2
posted on
10/21/2011 6:04:15 AM PDT
by
henkster
(Socialists and liberals all want jobs; they just don't want to work.)
To: listenhillary
"Granting visas to people with wealth? Your thoughts? Does anyone look closely at the new owners? Will it be a terrorist immigration dream come true?"
It sure beats the present system of encouraging millions of no asset illegals and their dependents who come here to live off the public teat.
3
posted on
10/21/2011 6:06:11 AM PDT
by
Truth29
To: listenhillary
Deuteronomy 28:
43 The foreigners who reside among you will rise above you higher and higher, but you will sink lower and lower. 44 They will lend to you, but you will not lend to them. They will be the head, but you will be the tail.
4
posted on
10/21/2011 6:07:28 AM PDT
by
Red Badger
(Obama's number one economics advisor must be a Magic Eight Ball.................)
To: listenhillary
There should be two ammendements to this bill if not more.
a) You must live in the home (owner-occupied), and
b) you must pay 50% more in property taxes than the current rate e.g. if the property tax rate is 10% you pay 15%.
To: henkster
An attempt to re inflate the bubble?
Once the O administration is flushed away I would love to be sitting on a bunch of heavily discounted real estate.
6
posted on
10/21/2011 6:09:48 AM PDT
by
listenhillary
(Look your representatives in the eye and ask if they intend to pay off the debt. They will look away)
To: NowApproachingMidnight
I think the article said they must live in the home 150 days per year.
7
posted on
10/21/2011 6:11:13 AM PDT
by
listenhillary
(Look your representatives in the eye and ask if they intend to pay off the debt. They will look away)
To: listenhillary
This has been true for many years for foreigners that start businesses in the US. I ran the US subsidiary for a wealthy Dutch guy for years. We built a building , and had all US employees. This was a good thing.
And, I think this plan is good, too. Can't believe I'm agreeing with chuck-U-schummer but how can it hurt to bring foreign money to the USA to buy houses! And they will buy a lot of other things, too. Heck, why not lower the threshold to a $300K house...
8
posted on
10/21/2011 6:12:03 AM PDT
by
johnandrhonda
(have you hugged your banjo today?)
To: listenhillary
Enough with granting visas to every Abdul, Mohammad, and Ackmed. Stop it already. Why are we giving them our country on a silver plater?
9
posted on
10/21/2011 6:14:58 AM PDT
by
bgill
(There, happy now?)
To: bgill
That was one of my original questions. Are we selling easy access to bases for terrorists?
Little secluded 10 acre tract way off the beaten path. No neighbors.
10
posted on
10/21/2011 6:18:08 AM PDT
by
listenhillary
(Look your representatives in the eye and ask if they intend to pay off the debt. They will look away)
To: listenhillary
I think the article said they must live in the home 150 days per year. Yes, and they get a 3-year visa. What happens after the third year.
It is incredible that we are selling off real estate to foreign interests to begin with. Now, they want to open the door even more.
11
posted on
10/21/2011 6:20:17 AM PDT
by
World'sGoneInsane
(Just because you say it doesn't make it true. By repeating it, just makes it propaganda.)
To: johnandrhonda
wasn’t American real estate what suckered a lot of dollars out of Japanese hands in the 1980’s real estate boom/bust?
12
posted on
10/21/2011 6:20:23 AM PDT
by
stefanbatory
(Insert witty tagline here)
To: listenhillary
NYS recently hired over 50,000 people during a hiring freeze. NYS is also about to lose 2 House seats to do depopulation. The state has to feed the beast somehow since citizens can’t afford to live here.
13
posted on
10/21/2011 6:22:38 AM PDT
by
mewzilla
(Forget a third party. We need a second one.)
To: listenhillary
14
posted on
10/21/2011 6:29:16 AM PDT
by
Truth29
To: NowApproachingMidnight
Might a suggest a third requirement: the homes must be 100% owned, i.e. no debt.
A bank in Florida originated mortgages on Miami Beach condos to foreigners. These units were going for $500-$1000 a square foot.
When the economy soured, they boogied back to their home countries and defaulted on the loans.
15
posted on
10/21/2011 6:35:22 AM PDT
by
Night Hides Not
(My dream ticket for 2012 is John Galt & Dagny Taggart!)
To: henkster
“I have no idea why we are doing this, unless we are pawning the family silverware at this point.”
In a way, yes. We’re exporting our housing stock, since we can no longer afford to own it. No different from what Mitch Daniels did in Indiana when he sold off his toll road to a foreign company (or what Governor Perry tried to do here in Texas, except at 20 times the scale).
16
posted on
10/21/2011 6:36:01 AM PDT
by
BobL
(A vote for Perry is a vote for Romney)
To: Night Hides Not
I would suggest the lenders have more common sense in that situation.
17
posted on
10/21/2011 6:40:47 AM PDT
by
listenhillary
(Look your representatives in the eye and ask if they intend to pay off the debt. They will look away)
To: BobL
Yep, our government is desperate to keep the housing market up. A lot of American’s net worth is tied up in their house, so I see this as a cheesy way for these bastards in DC to try to keep their jobs, even for short period of time. Come 2020, Foreigners will be the new slum lords for the renters.
18
posted on
10/21/2011 6:41:20 AM PDT
by
catfish1957
(A politican with a heart usually means they have one hand in our pocketbooks!!!)
To: listenhillary
Since they are already buying with the low dollar, why subsidize it with citizenship? They are allowed in with a visa, along with their wives and children. Anyone born here will be a U.S. ciizen, and none fo them will ever have to leave, even if they sell their properties. RAW DEAL, and easy way for Iran or China to buy the way in for spies or terrorists.
![](http://www.kiefersutherland24.net/4-araz.jpg)
"Thank you Senator Schumer for helping us buy our new home in America, and for the lovely visa. Sorry about the nuke." -The Araz Family
To: listenhillary
CNNMoney is all over this. Anyone want to bet the VERY powerful Realtor lobby is behind all this?
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