This is The PLACE

Game Changer

There is now a Bill in the USA Congress which if it becomes a Law will allow US Government to Offer Visa for Interested People from around the World who would Invest at least $5,00,000.00 (Half a Million Cool Ones) in buying a Property in USA.

This news was there in the papers for a day and then just disappeared..  I am sure it is a BIG News... It means lot of BIG things.

At present, the American Real Estate is in a Shocking Trauma... and fighting for its Survival..  Banks are feeling the immence pressure as the foreclosed homes continue to pile up in their inventory..  Beside the huge losses, some of these banks are getting to a poinnt where  they are actually facing penalty charges for not able to turn around the homes that are being pushed into their inventory.

Yes, there are exceptions.. and yes there are lots of great opportunities even now specially in the Income Properties and Rental units.. but when we are looking at the total picture.. it is still very Ugly.

As the economies of some of the other countries are doing much much better than ours... people in China and India and Brazil etc.. are now vacationing more and more in the United States and doing a lot of shopping... and yes, also investing.   A lot of this investment takes place in the name of family members who are already in the United States, or even friends or even people who are from other lands and cultures..  In the Real Estate,  Non Americans are like 6%  to 7 % and they are getting more and more confident.  When we see younger people in such documentaries, tring to make a living... one would have the pleasant desire to side with the people. That would easily allow people to actually become more bold in venturing and buying more products. 

Details are not clear.. but as this bill turns into law and overseas investors start buying properties, this will have very positive impact on the American Real Estate and we may even see a compleate Turn Around in some of the more sensitive areas...  It would not be a Surprise... if in some places, Cost of a simple property is rising, it may even surprise the most conservative experts.

In fact a fair estimate at this point declares that a Change in Bill into the Law may have tremendous effects and as many as 25% of all properties changing hands would be in the accounts of such big time Investors.

This will also result in forming some really powerful and influential groups well within the American Society... even within the Ethnic Groups... 

.....to be continued...