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Tuesday, March 17, 2009
3:25 PM TweetThis
  • A foreign solution: Grant resident status to immigrants who buy surplus U.S. houses. "This makes more sense than the president's $275B housing bailout plan, which Americans greeted with a Bronx cheer."
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This news story has 9 comments:

  •  
    Good Idea!
    Mar 17 03:32 PM | Link | Reply
  •  
    Has to be one of the most practical, and original, solutions I've heard!
    Mar 17 03:37 PM | Link | Reply
  •  
    A good idea indeed, but good luck getting this past the xenophobic public.
    Mar 17 03:38 PM | Link | Reply
  •  
    Guess the author never visited Florida where a lot of the housing that is currenlty going under was purchased by legal and illegal immigrants. How about just granting a tax abatement instead of giving away the cow? U.S. citizenship should not be for sale!
    Mar 17 03:39 PM | Link | Reply
  •  
    No way .... what do you do with them when this housing mess is solved and economy gets to normal!! You will be setting up for another bubble. Think long term solutions. No idiotic quick fixes ...

    TaurusTrader
    Mar 17 03:44 PM | Link | Reply
  •  
    I agree with not giving away citizenship like we are having a going out of business sale. But we could grant a 5year work visa and not charge them for it like we do now. Or maybe even start the process toward citizenship and either cut or waive the fee which is over 5k if I remember correctly. No matter what, you can't just give away citizenship.
    Mar 17 03:49 PM | Link | Reply
  •  
    My understanding is that we're not talking about citizenship - just resident status. TaurusTrader does make a good point, though.


    On Mar 17 03:39 PM BM1087 wrote:

    > Guess the author never visited Florida where a lot of the housing
    > that is currenlty going under was purchased by legal and illegal
    > immigrants. How about just granting a tax abatement instead of giving
    > away the cow? U.S. citizenship should not be for sale!
    Mar 17 03:50 PM | Link | Reply
  •  
    I wrote about it more than a year ago in my blog: muddlinginvestor.blogs...

    You don't need to invent new Green Card provisions. Just speed up application process. There are more than a million people in the pipeline right now, give them Green Cards faster, most of them will buy houses (I did, right after I received mine).
    Mar 17 03:59 PM | Link | Reply
  •  
    Eli ...
    Resident status does lead to citizenship .... Foreigners need to get their greeencard (residentship) first .... be a good resident for 3 or 5 years, depending on how they get their greencard, to be eligible for citizenship.

    TaurusTrader

    www.taurustrader.wordp...
    Mar 17 04:00 PM | Link | Reply
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