This might be the program for you if if you’re a wealthy foreigner who needs a Visa, if you buy a house (in Charlottesville) “worth” at least $500k, you can get a Visa.
1: Anything to stimulate investment in the US could be construed as a good thing.
2: Per usual Congress doesn’t understand reality; there is a distinct difference between appraisals and assessments.
In order for the housing market to be allowed to find bottom and thus find its way to balance and recovery, the federal government needs to get out of the way. Let the market work. Stop trying to “fix it.” You can’t. You’re neither competent nor disinterested enough to make intelligent, rational decisions with respect to the housing market (or anything, really).
But â€¦ If this bill gets passed, I will gladly represent buyers who choose to take advantage of what it has to offer.
I couldn’t find much about this bill online, but this is one perspective – Misguided Schumer-Lee Bill Offers Visas for Foreign-Born Homebuyers