October 2011

Found 2 blog entries for October 2011.

The WSJ reported today that Senators Churck Schumer (D., N.Y.) and Mike Lee (R., Utah) are preparing to introduce a bill today that would give residence visas to foreigners who spend at least $500,000 in cash to buy houses in the U.S.  These purchases can have a loan attached, but the buyer has to have at least the $500k as a down payment. 

That basically covers every property on Oahu.  Almost any condo or home is over that price.  Just 2 months ago, a Swedish client of mine was planning to buy property, but couldn't figure out a way to get residence in the US so that he could live in his $1mil+ home.

There is already a visa programs that allow foreigners to enter the U.S. if they invest $500k in a new business that creates jobs.
From the WSJ:

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