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This doesn't do that much for the finance industry since it has to be a cash purchase.

Still, I guess it'd drive prices up somewhat. The effect couldn't be huge, though... there's not that many foreigners with half a million bucks cash who want to leave their home countries and reside in the US.

On the other hand, given a choice of all possible immigrants, I don't think there's any problem with the US moving "those with half a million bucks" to the top of the list.



You'd be surprised how many people would take them up on this, Canada, China, the middle east and Asia in general have a lot of rich folks who's kids come to the US for university.


Well, the finance industry does seem to have a backlog of repoed houses, no?




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