Faustian bargain? EB5 funds SF's Hunters Point, but then some visa holders buy peninsula homes, leave them emptyhttps://twitter.com/nicktimiraos/status/629678801581146112 …
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Replying to @eparillon
@eparillon you get money for new development, but then you also get capital driving up prices of existing real estate, single family homes1 reply 0 retweets 0 likes -
Replying to @kimmaicutler
@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 vacant1 reply 0 retweets 0 likes -
Replying to @eparillon
@eparillon anecdotally I'm told 20-30% home sales in certain Palo Alto tracts are non-resident at this pt1 reply 0 retweets 0 likes -
Replying to @kimmaicutler
@kimmaicutler@eparillon do those homes actually end up vacant, or do they rent them?2 replies 0 retweets 0 likes
Replying to @khuey_
@khuey_ @eparillon varies. Some are empty, some rented. No transparent data. Empty is clearly worse
11:26 AM - 7 Aug 2015
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