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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (57191)	1/21/2012 1:23:11 PM
From: Broken_Clock	2 Recommendations Read Replies (1) \| Respond to of 119362

we had steady wage inflation all the way through 2006. "Have you ever seen RE not appreciate with rents, construction costs and gold going up?" right now I see continued RE deflation.

To: John Vosilla who wrote (57191)	1/21/2012 1:27:14 PM
From: bloodbrainbarrier	1 Recommendation Respond to of 119362

I know you in america prefer looking at just US wage inflation, but we live in a connected globe. Can you provide data about global wage inflation? If US wages fall, but 300 million new chinese and indians come to your shores to buy property, doesn't that matter? I remember your senator chuck shumer talking about a new bill to let foreigners buy their way into the USA. EB-5 programs, I believe he was proposing letting any foreigner in who spent a mere 250K in the USA, that is a cheap price for US citizenship I believe. I believe it would go a long way to shoring up some distressed housing areas, but at what ultimate cost or benefit to your nation? wrightjohnsonllc.com U.S. Citizenship and Immigration Services approved Victorville’s Regional Center in 2009, allowing foreign nationals to supply at-risk loans to the city so long as that money helped create 10 local jobs. Investors would then be granted U.S. visas and the loans would have to be paid back five years later with interest. Nineteen people gave Victorville $500,000 each under the program, and the city intended to use that money to pay back restricted funds borrowed from its water department to build the struggling wastewater plant at Southern California Logistics Airport. Then, in a precedent-setting move, USCIS terminated Victorville’s program in October 2010 due to “material factual discrepancies” in related financial reports. Victorville sent USCIS additional information and appealed to that office to overturn the decision, but was turned down in May. The city then filed a lawsuit in Washington, D.C. District Court against USCIS, the Department of Homeland Security and several top officials with those agencies, but agreed to pause that civil case as it waited on word from USCIS’s Administrative Appeals Office. In a letter dated Dec. 21, the AAO affirmed the decision to terminate Victorville’s program. The appeals office pointed out several fatal flaws in the EB-5 center here, including apparent contradictions between information provided by Councilman Mike Rothschild and the city’s attorneys, conflicts in the timeline of when the city loaned funds versus when it told USCIS they were needed and more. However, the primary reason for upholding the termination was because Victorville couldn’t prove it had met the EB-5 program’s strict job requirements. “At issue is whether the alien investors can be credited with job creation when, in actuality, they are merely preserving jobs,” the letter states, pointing out that Victorville said it never spent the loan money but its wastewater plant is already operating.