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Topic: Spain may offer residency
to foreigners buying homes |
Spain may offer residency
to foreigners buying homes
Reuters, by Paul Day & Inmaculada Sanz*
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Original Article
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Posted By:LittleHoodedMonk, 11/19/2012 2:12:56 PM
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| Madrid - Spain is considering offering rich investors from countries such as Russia and China the right to settle in return for them buying up property in the stagnant housing sector. Spain has more than a million empty homes across the country and is setting up a bad bank to clean up toxic assets from a housing bubble which burst in 2008. Foreigners could be offered a residency permit if they buy a property worth 160,000 euros ($200,000) or more, the country´s commerce secretary said on Monday. "We´re looking at markets such as the Russian or Chinese, among which there is already a strong
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Comments:
* [w/ Sarah Morris].
If your new neighbor looks ´´odd,´´ and doesn´t respond to what little Spanish you may know, expect this as a possible new ´´executive order´´ program by 0bama. Just for the small price of residency, he can help clear up the red ink in the housing sector. Banks win, more taxes for 0bama and voters for dRATS party. Could be coming to a neighborhood near you.
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Reply 1 - Posted by:
Jethro bo, 11/19/2012 2:20:26 PM (No. 9023964)
This would be great if Spain wasn´t such an economic Hades hole. What fool would buy into a citizenship of a country that just blow the nation wealth on windmills?
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Reply 2 - Posted by:
geoman, 11/19/2012 2:59:49 PM (No. 9024034)
Spain is going Communist-lite.
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Reply 3 - Posted by:
LadyVet, 11/19/2012 4:13:12 PM (No. 9024152)
Senor, meet your new Muslim neighbor.
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Reply 4 - Posted by:
rtwngprof, 11/19/2012 5:18:20 PM (No. 9024231)
Wait, Spain´s "housing bubble" burst? It must be Bush´s fault!
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Reply 5 - Posted by:
whyyeseyec, 11/19/2012 5:28:05 PM (No. 9024246)
We can all laugh at the foolishness of other countries but I see the U.S. going down the same path.
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Reply 6 - Posted by:
ColoWapiti, 11/19/2012 6:37:21 PM (No. 9024343)
If we all chip in, maybe we can help them get 23 million people who will take them up on it, and they speak the same language. That would solve the problem for both nations. Talk about a win-win.
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