Friday, March 27, 2009
Immigration Policy Could Solve Housing Crisis
An interesting editorial in the WSJ proposes allowing immigrants to be allowed in the US if they buy a home - eat up the excess inventory, stabilize prices, buy furniture, start companies. If they sell or rent in the first two years, they have to return home, after 5 years, they would get permanent resident status. Read more here: http://online.wsj.com/article/SB123725421857750565.html. This is a bi-partisan idea that has a lot of merit - maybe add net worth, education, or job skills requirements - attract the best and brightest who are able to immediately contribute to society.
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