Two US senators have proposed a plan to offer visas for foreigners buying homes worth $500,000 (¬£314,000) or more.
Democrat Chuck Schumer and Republican Mike Lee, sponsoring a bill, say it is a move to increase housing demand.
The proposal is similar to an existing Green Card program for
foreigners who invest at least $500,000 in an American business that
creates at least 10 jobs.
The US Chamber of Commerce has announced its support for the new legislation proposal.
"Our housing market will never begin a true recovery as long
as our housing stock so greatly exceeds demand. This is not a cure-all,
but it could be part of the solution," said Mr Schumer, a Democrat from
Mr Lee, a Republican from Utah, described the bill as a "free market method for increasing demand for housing".
Sales of previ
|Liveleak on Facebook|