Two Senators are preparing to introduce a bipartisan bill Thursday that would give residence visas to foreigners who spend at least $500,000 to buy houses in the U.S.
...The proposed measure 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, which can be rented out...
More coverage:
FOX: Senators Draft Bill to Give Visas to Foreigners Buying Pricey Homes
Financial Times Blog: Fixing America’s housing market… with Chinese landlords?
