Proposed Legislation could help foreign nationals who want to spend $500,000 or more in the US on residential real estate. The person must be willing to spend at least $250,000 on a primary residence where they are willing to live for at least 180 days out of the year.  During this time, the individual must also pay US taxes. Because those with enough cash to buy $500K worth of US real estate are spending at least 6 months in the US, they are spending money on gas, groceries and other goods and services that bolster local economies.
Financial guru Warren Buffet came up with one of the original suggestions that the US consider altering their policy for wealthy immigrants.  This measure is seen as one way to boost the US real estate market and provide more incentive for foreign capital to flow into the United States.  Analysts believe this measure could help east the US housing crisis.  Currently, foreigners made up mostly of Canadians, Chinese, Mexicans, and folks from the UK and India spend about $80 billion on home purchases in the US annually.