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didn't read the comment section, so forgive me if this has been mentioned.....Greece, Portugal, Spain, Malta, Latvia (and maybe Cyprus) are now offering what's called "the golden visa". It allows people to get residency cards (valid throughout the EU) if they buy real estate in the named countries. In Greece and Malta, property valued at 250K (euro) will get you this golden visa, in Spain and Portugal it's 500k. Latvia is cheaper, but think they're changing the rules, come 2014. The scheme is similar to what this article is proposing....get foreign money (China, Russia, Middle East) into the country.
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I have a group of friends and colleagues working on a legislation to create limitations on foreigners buying American real estate. They are trying to raise awareness through posting on social media sites and posting articles at present. One of the professors at Stanford has been using a combination of current Scandinavian legislation and French regulations as a base. I am intrigued by this movement and was curious to see what the views of the Patrick community was on the issue? Also,if any of you have any ideas on how to progress the movement forward, or know of any other groups involved in this issue that I could research?http://robertreich.org/post/11881926504
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