Buy A House – Get A Visa

Yes, this is what it has come to in an attempt to try and help the housing market and increase foreign investment. The plan was put together by New York’s own Charles Schumer and Republican Mike Lee of Utah.

Anyone that spends $500,000 or more on U.S. property gets a visa. What’s good about it for foreigners is that they don’t necessarily have to buy a house for a half a million dollars, but instead can buy several properties where the combined total is of that value. But CNBC.com reports that there is a catch. But hey, isn’t there always?