Faustian bargain? EB5 funds SF's Hunters Point, but then some visa holders buy peninsula homes, leave them emptyhttps://twitter.com/nicktimiraos/status/629678801581146112 …
@eparillon you get money for new development, but then you also get capital driving up prices of existing real estate, single family homes
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@kimmaicutler But that's true of any visa we give out, I would think. In fact less likely if someone has a visa that they will leave vacant -
@eparillon anecdotally I'm told 20-30% home sales in certain Palo Alto tracts are non-resident at this pt - 5 more replies
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