PM to Hondo & DoucheDaDice. The Seattle Economy "Bubble"...
Money from investor visas floods U.S., but doesn’t reach targeted poor areas. Wealthy foreigners seeking the federal EB-5 investor visa have fueled more than $2 billion in local real estate projects. How does downtown Seattle, the job center of the nation’s fastest-growing big city, become "Detroit" on paper? Seattle Times Front Page, today..
The only thing that's missing is Barney Frank's husband heading up the program. Can you say BUBBLE?
Add this to the Fed printing money for the past 6 years and all I can say is...
tick... tick... tick...
seattletimes.com/business/real-estate/money-from-investor-visas-floods-us-doesnt-reach-poor-areas-meant-to-benefit/
Comments
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Be afraid. Very very afraid.
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Please find someone to explain the article to you.2001400ex said:Be afraid. Very very afraid.
"Everybody knows that real estate never goes down in value." Dan Rostenkowski
"Everybody knows that [residential] real estate never goes down in value." Race, circa 2006 -
What's a Seattle times?
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The Seattle Times doesn't get it ... pretty sure that some on this board doesn't get this either.
It's really simple:
"Loophole" was created in the Federal Government through a program that to the public looks great because of job creation but instead is really just a way to get rich international people that want a green card to have financial ties into creating long-term investments.
The State is doing a great job in making sure that they are ensuring enough loopholes in place to make an attractive marketplace for this investment to take place while staying within the rules. No reason to hate on the State for making sure investments take place here.
And if you know anything about rich people, you would know that the tie-in through the green card is what they are looking for first and the profits are secondary. These fuckers are so rich that the investment that they are putting up for these projects is pocket change for them. Plus, when you realize that most of these projects are going to turn into stable returns for them that are creating cash flow instead of being a drain on it, then everything is good. And the reality is that as long as Seattle remains a business hub, which from a technology standpoint there's no reason to believe that that's going to change anytime in the near future, then corporate real estate is as good of an investment as you can find for these investors. -
The day computers stop mattering, the Seattle job market might be in danger.
Until then, 420blazeitfaggots!!1! -
With the leveraged depreciation schedule and conversion to long term capital gains upon recapture, they can't lose money, even with a foreclosure. It's 1986 all over again.Tequilla said:The Seattle Times doesn't get it ... pretty sure that some on this board doesn't get this either.
It's really simple:
"Loophole" was created in the Federal Government through a program that to the public looks great because of job creation but instead is really just a way to get rich international people that want a green card to have financial ties into creating long-term investments.
The State is doing a great job in making sure that they are ensuring enough loopholes in place to make an attractive marketplace for this investment to take place while staying within the rules. No reason to hate on the State for making sure investments take place here.
And if you know anything about rich people, you would know that the tie-in through the green card is what they are looking for first and the profits are secondary. These fuckers are so rich that the investment that they are putting up for these projects is pocket change for them. Plus, when you realize that most of these projects are going to turn into stable returns for them that are creating cash flow instead of being a drain on it, then everything is good. And the reality is that as long as Seattle remains a business hub, which from a technology standpoint there's no reason to believe that that's going to change anytime in the near future, then corporate real estate is as good of an investment as you can find for these investors. -
Some of the stuff you say is just stupid.d2d said:
With the leveraged depreciation schedule and conversion to long term capital gains upon recapture, they can't lose money, even with a foreclosure. It's 1986 all over again.Tequilla said:The Seattle Times doesn't get it ... pretty sure that some on this board doesn't get this either.
It's really simple:
"Loophole" was created in the Federal Government through a program that to the public looks great because of job creation but instead is really just a way to get rich international people that want a green card to have financial ties into creating long-term investments.
The State is doing a great job in making sure that they are ensuring enough loopholes in place to make an attractive marketplace for this investment to take place while staying within the rules. No reason to hate on the State for making sure investments take place here.
And if you know anything about rich people, you would know that the tie-in through the green card is what they are looking for first and the profits are secondary. These fuckers are so rich that the investment that they are putting up for these projects is pocket change for them. Plus, when you realize that most of these projects are going to turn into stable returns for them that are creating cash flow instead of being a drain on it, then everything is good. And the reality is that as long as Seattle remains a business hub, which from a technology standpoint there's no reason to believe that that's going to change anytime in the near future, then corporate real estate is as good of an investment as you can find for these investors. -
What the fuck is your degree in? Humanities? Sociology? Art History?2001400ex said:
Some of the stuff you say is just stupid.d2d said:
With the leveraged depreciation schedule and conversion to long term capital gains upon recapture, they can't lose money, even with a foreclosure. It's 1986 all over again.Tequilla said:The Seattle Times doesn't get it ... pretty sure that some on this board doesn't get this either.
It's really simple:
"Loophole" was created in the Federal Government through a program that to the public looks great because of job creation but instead is really just a way to get rich international people that want a green card to have financial ties into creating long-term investments.
The State is doing a great job in making sure that they are ensuring enough loopholes in place to make an attractive marketplace for this investment to take place while staying within the rules. No reason to hate on the State for making sure investments take place here.
And if you know anything about rich people, you would know that the tie-in through the green card is what they are looking for first and the profits are secondary. These fuckers are so rich that the investment that they are putting up for these projects is pocket change for them. Plus, when you realize that most of these projects are going to turn into stable returns for them that are creating cash flow instead of being a drain on it, then everything is good. And the reality is that as long as Seattle remains a business hub, which from a technology standpoint there's no reason to believe that that's going to change anytime in the near future, then corporate real estate is as good of an investment as you can find for these investors. -
"They can't lose money, even with a foreclosure." Wowd2d said:
What the fuck is your degree in? Humanities? Sociology? Art History?2001400ex said:
Some of the stuff you say is just stupid.d2d said:
With the leveraged depreciation schedule and conversion to long term capital gains upon recapture, they can't lose money, even with a foreclosure. It's 1986 all over again.Tequilla said:The Seattle Times doesn't get it ... pretty sure that some on this board doesn't get this either.
It's really simple:
"Loophole" was created in the Federal Government through a program that to the public looks great because of job creation but instead is really just a way to get rich international people that want a green card to have financial ties into creating long-term investments.
The State is doing a great job in making sure that they are ensuring enough loopholes in place to make an attractive marketplace for this investment to take place while staying within the rules. No reason to hate on the State for making sure investments take place here.
And if you know anything about rich people, you would know that the tie-in through the green card is what they are looking for first and the profits are secondary. These fuckers are so rich that the investment that they are putting up for these projects is pocket change for them. Plus, when you realize that most of these projects are going to turn into stable returns for them that are creating cash flow instead of being a drain on it, then everything is good. And the reality is that as long as Seattle remains a business hub, which from a technology standpoint there's no reason to believe that that's going to change anytime in the near future, then corporate real estate is as good of an investment as you can find for these investors.
Even funnier is you upvote tequila's tldr response, then say the exact opposite of what he just said. -
I notice you didn't answer my question.2001400ex said:
"They can't lose money, even with a foreclosure." Wowd2d said:
What the fuck is your degree in? Humanities? Sociology? Art History?2001400ex said:
Some of the stuff you say is just stupid.d2d said:
With the leveraged depreciation schedule and conversion to long term capital gains upon recapture, they can't lose money, even with a foreclosure. It's 1986 all over again.Tequilla said:The Seattle Times doesn't get it ... pretty sure that some on this board doesn't get this either.
It's really simple:
"Loophole" was created in the Federal Government through a program that to the public looks great because of job creation but instead is really just a way to get rich international people that want a green card to have financial ties into creating long-term investments.
The State is doing a great job in making sure that they are ensuring enough loopholes in place to make an attractive marketplace for this investment to take place while staying within the rules. No reason to hate on the State for making sure investments take place here.
And if you know anything about rich people, you would know that the tie-in through the green card is what they are looking for first and the profits are secondary. These fuckers are so rich that the investment that they are putting up for these projects is pocket change for them. Plus, when you realize that most of these projects are going to turn into stable returns for them that are creating cash flow instead of being a drain on it, then everything is good. And the reality is that as long as Seattle remains a business hub, which from a technology standpoint there's no reason to believe that that's going to change anytime in the near future, then corporate real estate is as good of an investment as you can find for these investors.
Even funnier is you upvote tequila's tldr response, then say the exact opposite of what he just said.
