Congress eases curbs on foreign real-estate investors: The current law, known as the Foreign Investment in Real Property Tax Act, subjects foreign investors to income tax when they sell U.S. property. It was initially passed in 1980, a time when there were fears that foreign investors including the Japanese might buy up large swaths of the country and its farmland. Is this era over? http://www.housingwire.com/articles/35876-congress-eases-curbs-on-foreign-real-estate-investors ❤️ #share #mortgage
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