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Friday, October 21, 2011

Bill Would Encourage Foreigners To Buy U.S. Homes

American consumers and the federal government haven’t been able to bail out the sinking U.S. real estate market. Now wealthy Chinese, Canadians and other foreign buyers could get their chance.

Two U.S. senators have introduced a bill that would allow foreigners who spend at least $500,000 on residential property to obtain visas allowing them to live in the United States. (L.A. Times)

If you wanna help bail out housing policy, come on in.  If you’re just trying to find work, it’s off to prison with you.

FEE Timely Classic

The Immigration Problem” by Lawrence W. Reed