Sucker Alert | Senators Draft Bill to Give Visas to Foreigners Buying Pricey Homes, Fraudclosures

“Backers believe the initiative would help soak up an excess supply of inventory when many would-be American home buyers are holding back because they’re concerned about their jobs or because they would have to take a big loss to sell their current house.”


Foreigners’ Sweetener: Buy House, Get a Visa

The reeling housing market has come to this: To shore it up, 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 provision is part of a larger package of immigration measures, co-authored by Sens. Charles Schumer (D., N.Y.) and Mike Lee (R., Utah), designed to spur more foreign investment in the U.S.

Foreigners have accounted for a growing share of home purchases in South Florida, Southern California, Arizona and other hard-hit markets. Chinese and Canadian buyers, among others, are taking advantage not only of big declines in U.S. home prices and reduced competition from Americans but also of favorable foreign exchange rates.

To fuel this demand, 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.

Check out the rest here…


24 Responses to “Sucker Alert | Senators Draft Bill to Give Visas to Foreigners Buying Pricey Homes, Fraudclosures”
  1. lvent says:

    CNBC reported on this on Friday…they did a good job reporting this..This news came from Diana Olick via Fannie Mae…..CNBC did a good job today as well with their interview with Michael Moore who said not to invest in Wall Street and he really defended us…he might be in the top 1% but he is not a liar, just a true Capitalist who made his money producing things of value…Unlike Wall Street..!!. Some say he is a socialist..Well we all pay taxes don’t we? That is socialism..

  2. Katheryn says:

    See, all it takes is money, money and mo money! They deport hardworking illegals who have caused no problems just looking for a better life with no questions asked….presto. The flip side if you can spend 1/2 a mill or more…you get a special visa….with no questions asked…presto. What a country this has become 🙁

    I think that the 99% should just all get up and move out and leave this rotten disease ridden place to the STINKING 1% and watch how fast they do each other in.

  3. mycountry'tisof thee says:

    Maybe it would be productive to send the link to this blog to Representatives Schumer and Lee and Occupy Wall Street too.

  4. Mario Kenny says:

    @house, this happens when the person has no info and has nothing to say and do not know what to say, what comes to my mind is empty vessels make most noise,

    epmty vsseels mkae msot nisoe, the spelling is not as important as the mssaege

  5. Daniel says:

    Wow..and I thought “let’s bulldoze the vacant homes to lessen the supply which in turn wiil create demand” was an insane idea! Schumer you DOUCHEBAG!!!!! I shed tears for my country. America when will you awaken from your slumber? We have become the most ignorant, foolish, complacent, cowardly people on the face of the earth!!!! So long America…

  6. housemanrob says:

    …..this is some really sick shit…….then they have sold a home with a completely broken chain of title………so they can wrangle all of the foreigners money away from them……and just cancel their visas…..and get the homes back or foreclose and reposess after they lose their jobs….if they have one stateside……

    • keepon says:

      Well- it is good for cash flow and encourages entrepreneural spirit ;-)! He-low Mumbai! Welcome to America. Use-2-be the ‘Land of Opportunity,’ Now just the ‘Land of Opportunists.’

      To ALL Attorneys: REMAIN at your Posts. Job security is on its way. If we can exterminate Americans, who’s worried about some Immigrant.

      Schumer & Lee have kind of given me a whole new value model. Truth, integrity, rule of law, my brother’s keeper just weren’t working anymore anyway.

      It’s the New World ‘Circle of Life.’ Come on down Mumbai! This plan can’t be against the UCC; they’ve said it right here and we know ‘the whole world is watching.’ It’s a new slant on Truth in Lending. Transparency.

      Why didn’t I think of this?

  7. Gordon Brooks says:

    Now here I am seeing all these anti-foreigner comments, but when I first heard this story all I could think was that we were foisting off our broken titles on other countries. Great foreign relations, there!

  8. Kathleen Burt says:

    I wrote to Schumer last week by snail mail, making some of these points, and also the point that Americans, especially Floridians, could end up as renters under foreign landlords! Per the PB Post, there’s already a pattern developing: fewer owners and more renters living in the condos along the ocean in Deerfield Beach. This is not a good sign, foreign owners controlling HOA policies!

  9. Mario Kenny says:

    See? I am not mad when I said yrs ago that we have lost our country and our sovereignty because of the banks, they planned it this way. This method is a method to pay off their foreign debt with our homes, its just another bailout.

    • Bloodsoaked says:

      I said they would do somthing like this 2 years ago and everyone said I was crazy. First they give them a bailout/sellout on the AMERICN TAX PAYER then when that all ranout and did’nt sadassfry there UNSISTAINABLE DEBT. TO KEEP THE FORIEN DOGS OFF THEIR GRAVY TRAIN. They’ll give them our houses and citizianship. I say stay in your home and shoot it out with the COMMI BASTARDS. DON”T TREAD ON AMERICA BUY LEAD AND A SHOVEL.

  10. truly says:

    …in other words, do you think the best, and only fix for the problems you have allowed, is to ‘give away’ America and Americans and replace us with immigrants?

    Were you a part of the original Ponzi to accomplish this end? I


    Have you been promissed a position in, or by, the NEW WORLD ORDER in compensation for your becoming a Traitor?

  11. truly says:

    TRUE Patriots misters Schumer and Lee. First they EXport our jobs and manufacturing, then stand by while EX-US banks come in to suck dry the American Middle Class to the point of no return. And now, rather than Mr. Schumer’s and the other elite’s bank portfolios suffer- LET’S JUST PURCHASE SOME IMMIGRANTS FROM Mumbai and Bangalore (they might not really want to come in the 1st place), but let’s put out some feelers. Tell them to bring their trick-or-treat bags so we can fill it up with American soil.

    Mr. Schumer and Mr. Lee:


    ISN’T THIS at least mildly TREASONIST? You should both lose your jobs immediately! Isn’t this a sort of American EXTERMINATION Mr. Schumer- LEST we FORGET? Is this truly your best suggestion as to how to SAVE THE AMERICAN PEOPLE?

    How about YOU GIVE ME the $500,000 so I can PAY MY MORTGAGE? I’m your FELLOW COUNTRYMAN.

    Are these guys even mildly embarrassed to bring this idea forward? He can go over and stand by the other WALL STREET RAPISTS who ARE HAVING THEIR WAY with the AMERICAN People. Somebody check and see if Schumer is really a Citizen?

    Your consitutents must be so proud to have you reepresenting them!~

    • CaitlinO says:

      Hey – did you taken on a new ID, ivent? Treasonist, which you use a lot, isn’t a word. I always thought you meant treasonous.

      • housemanrob says:

        When did we start having English, diction or spelling classes on this website!

      • truly says:

        I’ve always admired Donald Rumsfeld’s way with language. Remember how he’d just make stuff up that fit? Perfectly?

      • Bloodsoaked says:

        It does’nt matter how you spell things its the message that matter’s. I’m not a good speller. That does’nt mean I’m not inteligent. I just am typing fast and want to get the point out their. So put the ruler away teach, my knuckles are already bloody. It’s ok Ivent your a bizzy lil poster. Keep it up. I read your post all the time mistakes and all and always get your point. Oh! and CAPS. are Ok, I can see the letter’s better. ( how many mistakes are in this post Teach Catlino? ) Just having some fun LOL

      • lvent says:

        CaitlinO, Treasonous is not a word either Caitlin according to Webster’s New Dictionary……it is either treason or treasonable…the word I was looking for was….. TREACHERY….FROM WEBSTERS NEW DICTIONARY….TREACHERY n. faithlessness, betrayal of trust;liable to decieve, to betray confidence…from WEBSTERISMS….TREACHERY, n…Violation of allegiance or faith and confidence. The man who betrays his country in any manner, violates his allegiance, and is guilty of treachery. This is treason. The man who violates his faith pledged to his friend or betrays a trust in which a promis of fidelity is implied, is guilty of treachery. The disclosure of a secret committed to one in confidence, is treashery, This is perfidy…

      • lvent says:

        BTW…thanks you guys for helping me out there. I can’t be on here 24/7 to keep up with CaitlinO. sneaking up on me and trying to make me look bad..

      • Bloodsoaked says:

        I spell TREASONOUS. TREESONUS and lets throw in a rope to. Will take up the slack. Don’t worry the AMERICAN PEOPLE ALWAYS DO! Hey when is aurbor day? This year lets plants some polaticians and see what grows out of the shit. MILK WEED probably? My dog can piss on it. GOOD BOY SCRAPS. OOPS! Almost stepped in a PILE OF CLINTON. HERE BOY FECH! He loves chewing on that OBAMA BALL DATA GOOD BOY!

      • lvent says:

        Bloodsoaked, who needs perfection at a time like this right? We need patriots to sink their pirate ship! Where’s me gold!!! These crooks stole it and spread our wealth among themselves and privatized it and socialized their debt on to all of us…and now they are just out to bankrupt and steal America!!!…Now we have to stop these dirty crooks who have hijacked America from stealing our country!!!

    • housemanrob says:

      …and Schumer does not think he is expendable? Has greed blinded him? I think so…….

  12. Mo says:

    Most of this cash money is coming from people who did not pay tax in their home countries, I will be OK with this law if the government will automatically notify the foreigner government about the purchase!

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