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I just read somewhere that a proposed measure in congress would offer visas to any foreigner making a cash investment of at least $500,000 on residential real-estate—a single-family house, condo or townhouse. Applicants can spend the entire amount on one house or spend as little as $250,000 on a residence and invest the rest in other residential real estate, since they can only live in one home at a time the others can be rented out. This bill is suppose to help the struggling real estate market recover. I was wondering what you thought; will this help the real estate market or pose more potential financial problems for the country and individual states in the long run? Let me know how you feel.
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Why can we not give incentives to “LEGAL AMERICAN CITIZENS”, i.e., small business, schools, the jobless, homeless, etc. It seems that the government has forgotten about us that struggle on a daily basis. We are the backbone of this country and I think that any incentives should be given to us. This so called VISA is not a work VISA and the buyer would have to live in the house for 6 months out of the year. Brian Williams reported that the American standard of living has fallen longer and more steeply over the last three years that at any other time and s is no longer the source of pride that it once was. We need to be coming up with some incentives for the legal US citizens.