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  #175 (permalink)  
Old 09-26-2008, 01:48 AM
lacrossegc lacrossegc is offline
Donor
Priority Date
:
Jan-03
Category
:
EB3
I140 Mailed Date
:
08/13/2007
Chargeability
:
India
Processing Stage
:
I-485
I485 Mailed Date
:
08/13/2007
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Join Date: Sep 2006
Posts: 170
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Exclamation

IMHO ... The reason why the bailout is needed is because credit is tight, no one has the money to lend any money to ANYONE no matter what your Credit Score is. They want money NOW and cannot wait till people will comeup and buy a home. This idea of attaching immigration related stuff will fly only if you are willing to pay a full house price and no mortgage is needed. In essence ... expanded EB5 program in the lines of the following points
1) Temporarily Increase EB5 nos to around 40,000 to 50,000.
2) Expand eligibility to persons and their dependents who buy homes worth 150% to 200% of national avg housing price at full payment.
3) Program sunsets in 1 month of enactment
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