In case you're looking at this and somehow don't know about http://startupvisa.com/ , take a look and offer your support if so inclined. It would allow non-US entrepreneurs with funding from a US investor to get a visa to start a company. StartupVisa would be wayyy more beneficial than the housing thing... get folks to contribute to society, hire local workers, etc. Those local workers then can in turn buy homes, etc.
Buy a home, get a US visa, Senators propose
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Re: Buy a home, get a US visa, Senators propose
#12I don't understand - what problem is this supposed to solve?
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Re: Buy a home, get a US visa, Senators propose
#13Incentives that rewarded home ownership got us in this quagmire. I hate lobbyists.
Re: Buy a home, get a US visa, Senators propose
#14The only beneficiaries I can think of for this program would be rich capitalists from China and the Middle East who are exporting their gains and sinking them into foreign property already, and who would now get a fast-track for immigration as well.
I guess Congress would like to get campaign contributions from these people (once you have a green card, you can legally make political contributions to U.S. politicians).
Still waiting for Congress to do something - anything - for people who aren't millionaires (or indeed, are U.S. citizens).
Re: Buy a home, get a US visa, Senators propose
#15okay Senate for sale business as usual..nothing to see here
Re: Buy a home, get a US visa, Senators propose
#16Agree with this or not, this is the kind of out-of-the-box thinking members of Congress need to be doing.
It's a VISA - not Permanent Residence. When people invest in a residence for a VISA, they generally do so to settle down. So I am not sure how safe the potential home buyers are going to feel investing $500K in a house with the risk that their VISA renewal or entry to the US can be denied 3 years down the road. Current climate is just not very conducive to hope that something like this will fly.
They don't even have to change anything - a VISA isn't a guarranteed right of entry.
You just need minimum wage guy at the airport desk to not like your face and you don't get in - no matter how many VISAs you have in your passport. You can of course try and correct the problem from the other country after you have been denied entry - if you can get an airline to carry you.
Re: Buy a home, get a US visa, Senators propose
#17Agree with this or not, this is the kind of out-of-the-box thinking members of Congress need to be doing.
Naah. Giving sweet-heart deals to people with a lot of money isn't out-of-the-box thinking - it's older than the hills. Out-of-box thinking would include enforcing consumer protection laws, strong oversight of large businesses, and progressive taxes. That sort of thinking hasn't been so common over the last few decades.
Re: Buy a home, get a US visa, Senators propose
#18In case you're looking at this and somehow don't know about http://startupvisa.com/ , take a look and offer your support if so inclined. It would allow non-US entrepreneurs with funding from a US investor to get a visa to start a company. StartupVisa would be wayyy more beneficial than the housing thing... get folks to contribute to society, hire local workers, etc. Those local workers then can in turn buy homes, etc…
Trouble is that it must be from a US investor.
So it's the same slave labor problem as H1B. If you don't like anything the investor suggests after you have moved then he withdraws the funding and you get deported.
Can we think of how a good capitalist VC might use that to their advantage?
Re: Buy a home, get a US visa, Senators propose
#19Agree with this or not, this is the kind of out-of-the-box thinking members of Congress need to be doing.
Buying citizenship / visa is long standing practice. Government subsidising, bailing out industries is long standing practice.
This routine, far from out of the box.
Re: Buy a home, get a US visa, Senators propose
#20Too bad it must be at least $500,000. The first that came to mind was to buy a derelict house in Detroit somewhere, and then automatically getting a US visa!