Retirement Visa Would Help Florida Real Estate
Florida TaxWatch Report: Establishing a Retirement Visa Would Help
Revive Florida’s Real Estate Industry .
New federal policy would prompt investment and create jobs in Florida
The implementation of a federal retirement visa policy would create new
jobs, increase economic output, and put more money into the pockets of
Floridians, according to a Florida TaxWatch study on the potential economic
impact of the creation of such a visa in the United States. The study, which
uses survey research data and econometric modeling to estimate the potential
economic impacts of a retirement visa policy, shows that the creation of a
retirement visa could be “helpful in creating substantial investment and
demand in the Florida housing market,” and could potentially provide
substantial benefits to Florida’s economy as a whole.
A retirement visa is a specialized type of immigration authorization that
allows foreign persons meeting certain requirements (usually minimum age and
asset thresholds) to “retire” in the issuing county – i.e., a U.S.
retirement visa program would allow foreign citizens who could afford to
retire in Florida an opportunity to do so through special immigration
status.
Currently, this program does not exist in the United States.
Posted: 23 April 2009
Source: Florida Tax Watch
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