Senator Plans To Allow Easier Immigration To Those Buying Big Homes

connect2utah.com
Reported by: Rod Decker
Monday, November 28 2011

(KUTV) SALT LAKE CITY - Senator Mike Lee has a plan to entice rich people to America.

If a rich foreigner will buy a big American house, Lee would make it easy for him to get into America.

The house has to be pretty expensive, at least $500,000.

People already in the United States illegally would not be eligible even if they could afford a big house.

Senator Lee hopes that allowing foreigners to buy homes would help the distressed United States housing market.

Housing prices have fallen, and many homeowners owe bigger mortgages than their house is worth.

Lee says allowing foreigners to buy houses might ease the housing glut, and raise house values.

http://connect2utah.com/news-story/?nxd_id=184057