Buy a house, get a visa

NEW -> Contingent Buyer Assistance Program
That is good news. Wouldnt that mean irvine prices would go up and not down? The reason I dont think we will follow the foot steps of japan is that foreigners want to buy cheap real estate in the u.s. They are not interested in buying cheap real estate in japan. Let a foreigners in so that out real estate prices can recover.
 
I love the idea. We need more FCBs in Irvine to raise prices and keep property value high. More of their spendings will jump start this sluggish economy. I really don't mind their kids taking up classroom space. More FCBs means higher school test scores. Yay for FCBs and I will vote YES on this bill. FCBs already knew the trick and have been doing it for several years so why vote "no" for a bill that you can't stop. They are already doing this with the help from relatives with legal status.
 
Seriously, do you have more faith that our economy will recover with those white  clowns in Washington killing the value of our dollar or the fcbs absorbing all the excess inventory the amercians are not buying. I have more faith in the latter. I just wish the limit was lower than $500k, maybe $300k. I am fully supportive of this.
irvinehomeshopper said:
I love the idea. We need more FCBs in Irvine to raise prices and keep property value high. More of their spendings will jump start this sluggish economy. I really don't mind their kids taking up classroom space. More FCBs means higher school test scores. Yay for FCBs and I will vote YES on this bill. FCBs already knew the trick and have been doing it for several years so why vote "no" for a bill that you can't stop. They are already doing this with the help from relatives with legal status.
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I like Mr. Panda. $300k would be great for a business investment like Boba tea, foot massage, nail salon and at the very least a condo purchase. Our economy is bad and needs FCBs help. FCBs contribute to Irvine schools' good standard and rarely commit violent crime. Irvine needs more FCBs. I would love a Lambert Ranch home so I can help 6 nephews get into Northwood High. They are not smart at all. I know an Irvine school is the only way to set them on the right path to succeed in life.
 
I would think so as not having a valid Visa means getting questioned each and every time you enter the country and if there is a clear pattern of exit/entry then entry could be denied. 
 
I guess I say that because my assumption is they aren't really buying it for their own living and therefore do not come back and forth that often.

You don't need a visa to "vacation" in SoCal.
 
irvinehomeowner said:
I guess I say that because my assumption is they aren't really buying it for their own living and therefore do not come back and forth that often.

You don't need a visa to "vacation" in SoCal.
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Plus if you read the article, which Kalbi apparently didn't, they aren't getting "Green cards", they won't be able to seek employment here, or receive any benefits of being a citizen (SS, mc, etc). In fact, I don't know how they'd be able to sign up for public schooling. It's really just an "extended stay card" for really rich people. How many foreigners could really stay here without any ability to seek employment?

If some FCB wants to dump real money into an overpriced home, let them do it. No one here is buying them anyway.
 
IndieDev said:
irvinehomeowner said:
I guess I say that because my assumption is they aren't really buying it for their own living and therefore do not come back and forth that often.

You don't need a visa to "vacation" in SoCal.
Click to expand...

Plus if you read the article, which Kalbi apparently didn't, they aren't getting "Green cards", they won't be able to seek employment here, or receive any benefits of being a citizen (SS, mc, etc). In fact, I don't know how they'd be able to sign up for public schooling. It's really just an "extended stay card" for really rich people. How many foreigners could really stay here without any ability to seek employment?

If some FCB wants to dump real money into an overpriced home, let them do it. No one here is buying them anyway.
Click to expand...

be careful of what you just said. I don't think it is out of reality that one day they will start selling Green cards for greenback.
 
The Motor Court Company said:
IndieDev said:
irvinehomeowner said:
I guess I say that because my assumption is they aren't really buying it for their own living and therefore do not come back and forth that often.

You don't need a visa to "vacation" in SoCal.
Click to expand...

Plus if you read the article, which Kalbi apparently didn't, they aren't getting "Green cards", they won't be able to seek employment here, or receive any benefits of being a citizen (SS, mc, etc). In fact, I don't know how they'd be able to sign up for public schooling. It's really just an "extended stay card" for really rich people. How many foreigners could really stay here without any ability to seek employment?

If some FCB wants to dump real money into an overpriced home, let them do it. No one here is buying them anyway.
Click to expand...

be careful of what you just said. I don't think it is out of reality that one day they will start selling Green cards for greenback.
Click to expand...

That's one way to attack the deficit.
 
IndieDev said:
irvinehomeowner said:
I guess I say that because my assumption is they aren't really buying it for their own living and therefore do not come back and forth that often.

You don't need a visa to "vacation" in SoCal.
Click to expand...

Plus if you read the article, which Kalbi apparently didn't, they aren't getting "Green cards", they won't be able to seek employment here, or receive any benefits of being a citizen (SS, mc, etc). In fact, I don't know how they'd be able to sign up for public schooling. It's really just an "extended stay card" for really rich people. How many foreigners could really stay here without any ability to seek employment?
Click to expand...

IndieDev - where does it say in my post that they are getting "green cards??" You really have some serious reading comprehension issues.  If you read the article, it says qualified foreign buyers can bring their spouse and children with them.  Since they have a valid visa, they are able to attend [public schools using that visa.

Example, many Asian foreigners apply for student visas.  Once they obtain the student visa, their minor children will also get visas under the parent.  The holder of the student visa only needs to attend a "language school" and their children can attend public schools here tax free.  The student visa is valid for 5 years. 

Haven't you heard of the the korean "golden goose" where the mom and kids are sent here and the dad sends money for the kids to go to school here? If they are unable to resident alien status, most either go with investment visas or student visas.

Do some research before you post!!!
 
kalbi said:
IndieDev said:
irvinehomeowner said:
I guess I say that because my assumption is they aren't really buying it for their own living and therefore do not come back and forth that often.

You don't need a visa to "vacation" in SoCal.
Click to expand...

Plus if you read the article, which Kalbi apparently didn't, they aren't getting "Green cards", they won't be able to seek employment here, or receive any benefits of being a citizen (SS, mc, etc). In fact, I don't know how they'd be able to sign up for public schooling. It's really just an "extended stay card" for really rich people. How many foreigners could really stay here without any ability to seek employment?
Click to expand...

IndieDev - where does it say in my post that they are getting "green cards??" You really have some serious reading comprehension issues.  If you read the article, it says qualified foreign buyers can bring their spouse and children with them.  Since they have a valid visa, they are able to attend [public schools using that visa.

Example, many Asian foreigners apply for student visas.  Once they obtain the student visa, their minor children will also get visas under the parent.  The holder of the student visa only needs to attend a "language school" and their children can attend public schools here tax free.  The student visa is valid for 5 years. 

Haven't you heard of the the korean "golden goose" where the mom and kids are sent here and the dad sends money for the kids to go to school here? If they are unable to resident alien status, most either go with investment visas or student visas.

Do some research before you post!!!
Click to expand...

the golden goose is very common for people from China and Taiwan as well, especailly from Taiwan for the last couple decades. Considering the real-estate price in China and Taiwan dwarfs the real estate price here (Irvine), this VISIT-USA act will make the door wide open for rich families looking for some western education. If they tie greencards to it, or there is some easy way to convert such visa into green cards, I expect the Irvine real estate price to double within 7 years after the passage of such bill.
 
for the education. irvine is actually pretty well known in asian countries like korean, taiwan, and china.  there are actually alot of blogs and websites in these languages that discuss irvine and irvine's schools. 

plus, irvine's mayor sukhee kang is korean and has brought a lot of attention to irvine among the korean community.
 
irvinehomeowner said:
I get the real estate is cheaper here than abroad... but why Irvine?
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because I am of the same demographics of those potential buyers from abroad.
We value the following
1. Land/real estate. In China the land is not even yours after you buy the property.
2. Good schools by API scores not by the actual number of people who go to the elite schools.
3. Safety. Bars on windows are common in where I grew up, but I grew up in a relative safe neighborhood there...
4. 2 ranch 99, 3 or more Korean markets, Chinese culture center (near Jeffery and Trabuco)..Chinese speaking churches...etc
5. Relative good climate (better than East LA, cities like San Gabriel, Temp City..etc)
6. Central location not only for work, for recreation as well (without traffic, 1 hour to LA downtown, San Gabriel, San Diego; half an hour to beach/Disney..etc)

There are also some examples of corrupted government officials in exile who live in Irvine. Granting visa to stay here after parking their dirty money in real-estate is no-brainer for them. It is easier to hide in Irvine (for example, gated communities such as the Korean towers, Laguna Altura, Turtle Ridge or North Park)
 
I just hope that all the FCBs don't flock to Irvine because Atlanta also needs some of that FCB Asian love.

Where i live in the north side... we've got #1, we've got #2, 3, 4, 5, and 6. We just dont' have a Korean mayor yet..... but i am optimistic that we will also replace our white mayor with a K-mayor soon.

The Motor Court Company said:
irvinehomeowner said:
I get the real estate is cheaper here than abroad... but why Irvine?
Click to expand...

because I am of the same demographics of those potential buyers from abroad.
We value the following
1. Land/real estate. In China the land is not even yours after you buy the property.
2. Good schools by API scores not by the actual number of people who go to the elite schools.
3. Safety. Bars on windows are common in where I grew up, but I grew up in a relative safe neighborhood there...
4. 2 ranch 99, 3 or more Korean markets, Chinese culture center (near Jeffery and Trabuco)..Chinese speaking churches...etc
5. Relative good climate (better than East LA, cities like San Gabriel, Temp City..etc)
6. Central location not only for work, for recreation as well (without traffic, 1 hour to LA downtown, San Gabriel, San Diego; half an hour to beach/Disney..etc)

There are also some examples of corrupted government officials in exile who live in Irvine. Granting visa to stay here after parking their dirty money in real-estate is no-brainer for them. It is easier to hide in Irvine (for example, gated communities such as the Korean towers, Laguna Altura, Turtle Ridge or North Park)
Click to expand...
 
The reason I oppose this bill is what I heard from an IUSD teacher at back to school night.  Her class had a size limit.  Her class exceeded that limit by one.  That student was here under her parent's student visa.  Because that IUSD elementary school did not have the resource to open another class as required by law, the school chose to be imposed a daily fine for exceeding the class size limit.  Where does the money for the fine come from??? Our tax dollars, none of which this one student's family has to pay. 

 
It is October 25th, 2011. Irvine is 67 degrees and Johns Creek is 74 degrees... Weather seems damn fine to me. :)

As for #6, think 1992 Irvine... The central location of the north is now emerging and unfolding in front of my eyes. Remember the sprawl south from Los Angeles to Orange County to find its own identity out of LA county. Back then there were few jobs in OC and all the major employment base was in LA. Today, Irvine now is the largest job center hub of Orange County. What Irvine is today is what Johns Creek is going to be in the future, the largest central job center in the northside of Atlanta, developing its own identity like Orange County did.

If you have looked at a map of southern California 40 years ago, your would have seen that Los Angeles and San Diego ere the two largest cities. Between these two giants were hundreds of smaller cities and towns, and millions of acres of farm, orange groves, and undeveoped land. As an investor, the path of progress indicates that soon there would be little bare land between these two great cities, 120 miles apart. Los Angeles and Long Beach moved south and San Diego moved north. Huge fortunes were made by real estate investors who followed this path of progress.

Donald Bren became a billionaire by buying up thousands of acres of bare land in a once-sleepy agricultural country called Orange County. Orange County was smack in the middle of this path of progress between Los Angeles and San Diego where new real estate millionaires and even billionaires were born. Today, I see a new path of progress and sprawl forming northside of Atlanta.

irvinehomeowner said:
@Panda:

I'm not sure if your weather is as good as ours... and I don't know how good #6 is yet over there.
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