Great piece on Jay Peak and those green cards

PBS last night. Well balanced report.

http://www.pbs.org/newshour/videos/#165252

sweet!   

Great video, while having heard bits and pieces about the program it made it very simple.  Legality vs ethics.  I don't think they'll see their full 500k return, ever.

I find it hard to give a rats ass for the investors. I am sure there are better investments for your $500k than to invest in a speculative real estate venture in the NE Kingdom of Vermont. The key is the green cards for you and your family.
It is still unclear what is going on with the EB5 finances today. It seems that nobody from the State of VT was paying close attention. That's part of what you get when you invest in Vermont.

the green cards should be sufficient!  f-em!!  What they are doing over there is amazing.  

x10003q wrote

I find it hard to give a rats ass for the investors. I am sure there are better investments for your $500k than to invest in a speculative real estate venture in the NE Kingdom of Vermont. The key is the green cards for you and your family.
It is still unclear what is going on with the EB5 finances today. It seems that nobody from the State of VT was paying close attention. That's part of what you get when you invest in Vermont.

I don't want to say "F the investors", but I think a 100% return in 5 years is pie in the sky. On top of green cards, it is totally insane. Even a ten year return is pretty quick for many investments.

ml242 wrote

I don't want to say "F the investors", but I think a 100% return in 5 years is pie in the sky. On top of green cards, it is totally insane. Even a ten year return is pretty quick for many investments.

Totally.  We used to promise websites to clients in 12 weeks and we realized they just aren't expecting it that fast. We switched to 18-20 now. Nobody cared or noticed.

I bet a donut that if those EB5s had a 20 year payout participation would still be high.

The EB-5 program generally requires foreigners to pony up $1 million, but that threshold goes down to $500,000 for investments in areas that have 1.5 times the nation’s unemployment rate. Found this an interesting fact.

ml242 wrote

x10003q wrote

I find it hard to give a rats ass for the investors. I am sure there are better investments for your $500k than to invest in a speculative real estate venture in the NE Kingdom of Vermont. The key is the green cards for you and your family.
It is still unclear what is going on with the EB5 finances today. It seems that nobody from the State of VT was paying close attention. That's part of what you get when you invest in Vermont.

I don't want to say "F the investors", but I think a 100% return in 5 years is pie in the sky. On top of green cards, it is totally insane. Even a ten year return is pretty quick for many investments.

That's 15% on your money. My father got that on two CDs in 1981. Remember those interest rates? Easy money, backed by the taxpayer. I wish. I'd take five as a solid bet, and live with that these days.

The important thing here is that this man is making jobs, which is a, ahem, mantra from certain people as a justification to lower taxes. Good for him. Smart move, the way this segment explained it. I never dug into the details before.

Vermont is a wacky place to do business. Sorry, Bernie, like ya, just sayin'.

Benny Profane wrote

My father got that on two CDs in 1981. Remember those interest rates? Easy money, backed by the taxpayer. I wish. I'd take five as a solid bet, and live with that these days

C Deez nuts!!!!

Different world now. No interest, but also no inflation and no wage growth.

Supply side economics is working really well to make rich people richer, but not so well for everyone else. We need more demand, and the way to stimulate demand is to give poor and middle class people money. Doesn't matter if the U.S. Government does it or foreign people who want green cards.

I'm for any policy that gives poor and middle class people more money.

Can't argue that Jay is nothing like it was 10, heck even 5 years ago.  I love the last line from investor Sutton, "If you rob a bank and build a hospital with the $, then everything must be OK?"  

mattchuck2 wrote

Benny Profane wrote

My father got that on two CDs in 1981. Remember those interest rates? Easy money, backed by the taxpayer. I wish. I'd take five as a solid bet, and live with that these days

C Deez nuts!!!!

Different world now. No interest, but also no inflation and no wage growth.

 
My gramps bought 30 year Tbills in 1977 (I think) with an interest rate of 17 3/4%.  Holy cow. 30 years.

Harvey wrote

mattchuck2 wrote

Benny Profane wrote

My father got that on two CDs in 1981. Remember those interest rates? Easy money, backed by the taxpayer. I wish. I'd take five as a solid bet, and live with that these days

C Deez nuts!!!!

Different world now. No interest, but also no inflation and no wage growth.

 
My gramps bought 30 year Tbills in 1977 (I think) with an interest rate of 17 3/4%.  Holy cow. 30 years.

I loaded up on 12% tax free muni's back when Carter was prez. I heard a statement by Hillary - the economy only prospers when a dem is in the whitehouse, she doesn't remember Jimmy, he is what enabled Regan,