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$500,000? The number of people for whom visas are the only barrier to buying a home in the USA and would spend over 500k on one is probably way too small to ha
by cbs 15y ago
$500,000?
The number of people for whom visas are the only barrier to buying a home in the USA and would spend over 500k on one is probably way too small to have any real impact on the housing market.
Why not $5k? There are plenty of houses going for dirt cheap in the parts of the country hit the worst by the recession. It would mean more people taking advantage of the program and selling that cheap housing would have more of an impact on the housing market and overall economy.
- ComputerGuru 15y agoBecause they clearly don't want immigrants from the bottom of the socioeconomic status of other countries.
- wisty 15y agoAnd they don't want immigrants buying a $5,000 house, then abandoning it to rent a closet in California.