Quoted Text

Schumer: Buy a U.S. home and get a visa, too
By CHRIS CHURCHILL Business writer
Published 12:00 p.m., Tuesday, October 25, 2011


COLONIE -- Sen. Chuck Schumer is proposing a bill that would grant three-year residential visas to foreign nationals who buy homes in the United States.

The Democratic New York senator describes his bill, which is co-sponsored by Sen. Mike Lee, a Republican from Utah, as a way to help the sluggish housing market by boosting demand. Foreign nationals would have to spend at least $500,000 on residential real estate, including at least $250,000 for a primary residence.

"Our housing market will never begin a true recovery as long as our housing stock so greatly exceeds demand," Schumer said, adding that the effort "won't cost the government a nickel."

But critics say the plan would have negative consequences for some U.S. families, particularly first-time home buyers. After all, the housing downturn has been a blessing for many Americans who had been priced out of home ownership......................>>>>........................>>>>.........Read more: http://www.timesunion.com/busi.....81.php#ixzz1boceX8NX

Welcome terrorists, come to the USA and buy a house in which you can make your bombs and WMD's with the governments blessings.

So Schumer must believe that there is no one left in American that can afford a $250K - $500K piece of property????

Quoted from bumblethru

So Schumer must believe that there is no one stupid left in America that can afford a over inflated $250K - $500K piece of property????

Fixed.

Yes, it's a crappy bill that will be killed anyway.

OMG!!!!

CHUCK SCHMUCK.....the thievery of homeowners in NYS is APPARENT and you have nerve to find new victims.......just like a gangsta....

This is the kind of thing that is driving the Wall Street protests, except that the protestors don't know exactly what hit them.

the 'wall' IS between us and them.......they are not wrong they just dont have the entire outlay of the web.........