Hey Foreigners– Buy a House and get a Visa!
As part of an incentive to increase foreign spending in the U.S., Senators Charles Schumer (D., N.Y.) and Mike Lee (R., Utah) are proposing a way to prop up the housing market. From what I am reading, the idea is not a new concept. Foreigners are currently allowed to enter the U.S. if they invest in new businesses. Sounds like a decent idea, but feel free to weigh in on your thoughts.
To learn more, here is a good article Foreigners’ Sweetener: Buy House, Get a Visa by Nick Timiraos of WSJ.