Money quote(s):
"WSJ reports that Charles Schumer (D., N.Y.) and Mike Lee (R., Utah) are preparing to introduce a bipartisan bill that would give residence visas to foreigners who spend at least $500,000 to buy houses in the U.S.
According to WSJ, 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."
The catch is that this sort of visa won't carry with it any authorization for work or employment.
"(T)he deep pockets foreigners with $500K can buy houses in the United States, and will be granted resident visas, but they’re not allowed to work. Of course, with 500K, it’s not like they’re the kind you see who shows up to pick apples in Washington State or oranges in Florida.
We are obviously looking for independently wealthy foreigners who do not need to work while they enjoy their new houses in a real American neighborhood."
As a relatively recent homeowner myself, I'm persuadable that homeowners pump a lot of money into local economies, what with what it takes to keep the inside indoors and the outside outdoors.
"It used to be that people who want to come here and can’t get visas pay smugglers to sneak them in. I hear that the price go from $2,000 to name that price. Now, under this proposed bill, people with $500K can come here with a resident visa, and we’ll even roll out the red carpet.
Wanna guess who has that much cash floating around? Well, for starters, dictators, drug lords, drug traffickers and their girlfriends/boyfriends always have that much cash around, in case.
But, but … that’s not going to happen because they will be screened scrupulously, and they won’t be able to take American jobs because working here without a separate permit would be illegal under this bill. Besides DHS/ICE will go after them. You know, like they’ve gone after other illegal aliens and overstays in this country. The same agency who has no idea when foreign visitors exit the country. Or not."
I only wish I didn't share DS's skepticism regarding DHS's interest (which is not the same as its ability) in immigration enforcement.
On the other hand, the bureaucratic imperative to go after low-hanging fruit, i.e., the easy way to improve your arrest and deportation statistics, is to go after otherwise law-abiding and non-dangerous violaters who can be detained and processed without fuss or muss.
"I have yet to read the text of the bill but I already feel for our consular officers working at over 250 consular posts. Videoconferencing, also coming soon to the a virtual interview booth near you.
Might this be a good time to suggest that the State Department invite Senators Schumer and Lee to go through ConGen training and deploy both under temporary consular commissions for at least 180 days at a visa issuing post? Preferably to Guangzhou, Manila, Lagos and Mexico City conducting visa interviews?
It’s a fun gig, you guys! This would help you both understand the process, as well as teach you that the U.S. Citizenship and Immigration Service process nonimmigrant visa petitions; but nonimmigrant visas are issued by the Department of State. I know it’s confusing. You will also learn that the State Department already charges $60 for expedited processing of U.S. passports (*** so no need to add that in the new bill unless you’re upping the tab). They’ll teach you how to read faces and how to administer a smell test to determine who is telling a fib; a great trick by the way to bring back to Congress. During training you’ll pretend like you’re in a different country, and then you will actually be shipped to a different country where all your new acquaintances become your best friends as you see them in front of your visa interview window. You won’t regret it ever or forget the experience for that matter! And it will help make you become better legislators especially on this interesting and exciting field of immigration."
10/21
