Plenty of Chinese get rejected for visas. There’s always a long line at the US Consulate in Beijing.
Illegals don’t want to be found so they won’t buy. If you think that illegal foreigners will rescue the estate market, you’ll be waiting a long time.
We should sell our visas just like the Canadians do. (Sarcasm on) Better attract the rich than the poor. We might as well be business minded about it. How about giving a green card to anyone who can buy a house in America with cash? Would that help RE?
I hear that Costa Rica is becoming a little Taiwan because they also sell their residency. Well-do-to Taiwanese buy homes there so their children can learn English. Cheaper than going to school in USA, England, Australia or New Zealand.