Visas for foreign 1%'ers -- Bailing out rich home sellers

[KurtNYC]

Foreigners have accounted for a growing share of home purchases in South Florida, Southern California, Arizona and other hard-hit markets. Chinese and Canadian buyers, among others, are taking advantage not only of big declines in U.S. home prices and reduced competition from Americans but also of favorable foreign exchange rates.

To fuel this demand, 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.
...
Backers believe the initiative would help soak up an excess supply of inventory when many would-be American home buyers are holding back because they're concerned about their jobs or because they would have to take a big loss to sell their current house.

http://online.wsj.com/article/SB10001424052970203752604576641421449460968.html

So rich people can't sell their extra houses; who do they call? THEIR Senators. If your house is under $500,000 -- No bailout for you!

They are recruiting foreign 1%'ers. Like millionaire mercenaries. They are continuing to codify different rules for different incomes.

[City Lights]

1. This absolutely disgusts me.

x(

[KurtNYC]

3. So blatant.

[KansDem]

2. Some more 1%'ers got preferential treatment on 9/11, too

The FBI wanted to question Osama's relatives in the US; Bush flew them all home before they could do that. Then the FBI wanted to interview Osama's relatives later in Saudi Arabia; the Royal Family told Bush "no" so Bush told the FBI "no."

George W. Bush: Lapdog to the Sauds...
http://3.bp.blogspot.com/_Vk2ir6UMOjY/TNocPKwSuTI/AAAAAAAAHRs/LtJaQNMZPHw/s400/saudi+king+abdullah+with+Bush.jpg

On edit: And the f*cking Repubs want us to give co-credit to W for Osama's demise!

[Liberal_in_LA]

4. kick