A dramatic surge in interest from wealthy Chinese is threatening to overwhelm a U.S. program offering investors green cards in exchange for cash. The number of applicants is now so great that the government might run out of permits. Any foreigner willing to commit at least $500,000 and create 10 jobs in America can apply for an investor immigrant visa -- also known as an EB-5. CNN Money: http://cnnmon.ie/1MQmkq1
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141474 - on team I work, ethnically diverse, only one that has no debt, wealth, all except one eat out most days, sell RSU, ESPP for vacation, loans on car, loan on house. It's the white guy, best engineer is the white guy with the the least prestigious school. Don't misunderstand this as racial and prejudice, it's about your up bringing and talent not the color of your skin.
141474
Well said dude.
"wealth" in china is just debt. china debt to GDP is a disaster. no wonder they want to launder into US.
In the better neighborhoods, once upon a time there were the Joneses down the street. They appeared to be wealthy, because the drove really nice cars, wore really nice designer clothes, and took really expensive vacations. But the Joneses weren't really that well off. They simply paid for their fake rich lifestyle by borrowing on credit. And when the banks relaxed lending standards, the Joneses down the street ATM'd and HELOC'd their home to death with cash out refinances, to pay for their lavish lifestyle. But then, then interest rates started to rise, ARM rates reset, and pretty soon the Joneses couldn't make the payments anymore. So they were foreclosed on or had to sell their homes short at a steep discount. The Joneses are broke, they don't live on the street anymore......So you don't really need to "keep up with the Joneses", because they are broke...The Wongs, Kwons, Yamamotos, and Ramakrisna's live on the street now..And chances are, you should try to keep up with the Wongs, Kwons, Yamamots, and Ramakrisna's...Because chances are, they are highly well educated, value education, highly skilled, have zero or close to zero debt, and paid for their homes with cash, and live within their means.
And what exactly is wrong with this? I don't see YOU having $500k to throw around and pay taxes and start a business and employee people. That's why you're a big fat loser that still works at a minimum wage job trolling a message board. Because instead of earning money, you spend all your time losing it. See, when asians move into your "hood", crime goes down, public school quality goes up, property value goes up... If you think that's a bad thing, then move to ferguson. I'm sure you'll fit right in. Trailer trash=trailer trash.