[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?

[henkster]

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.

[Truth29]

"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.

[Red Badger]

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.

[NowApproachingMidnight]

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%.

[johnandrhonda]

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...

[bgill]

Enough with granting visas to every Abdul, Mohammad, and Ackmed. Stop it already. Why are we giving them our country on a silver plater?

[mewzilla]

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.

[montag813]

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.

"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

[montag813]

CNNMoney is all over this. Anyone want to bet the VERY powerful Realtor lobby is behind all this?

[evilC]

There is a strange psychosis within business/government/think tank circles: whatever the problem, the answer is always more immigration.

We do not need to re-inflate the housing bubble but we do need to deflate the immigration bubble (one million green cards, 100,000 or more H1-Bs, and the entire list of other visa types offered each year).

A nation is more than just a random collection of people. It is not just the meeting of factors of production and units of consumption. A “proposition nation” does not, indeed cannot, exist.

I am not surprised that someone like Schumer would propse this. Sadly, many on the right, who love the “proposition nation” idea, may fall for this. We need an immigration pause not a further boost.

[38special]

US buyers are scooping up foreign autos.

[runninglips]

Why not disallow foreigners to own land or housing in America? The way to go is to limit them in scope of ownership. They can lease it for 50 years, but never own.

[stuartcr]

These people will be paying taxes, utility fees and buying local services and retail goods. Sounds ok to me, better than foreclosing or just having them sit there empty. Their money spends in a capitalist society as well as ours.

[Western Phil]

http://www.freerepublic.com/focus/f-bloggers/2795988/posts