7. Buy A House, Get A Greencard!
7. Buy A House, Get A Greencard! A new bill was introduced by Senators Charles Schumer (D-N.Y.) and Mike Lee (R-Utah.) yesterday proposing that any foreigner who spends at least $500k on residential property in the U.S. could obtain visas. [LATimes]
If passed, we could see a whole new kind of Chinatown in Hollywood!
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. (Gary Friedman, Los Angeles Times / January 27, 2011)
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. (Gary Friedman, Los Angeles Times / January 27, 2011)
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