Suburban Housing Markets Are Unsustainable (Part 2) [View article]
A great overview, sincerely so particularly as it points out how there are in fact some options not being taken, as with too many empty units (and I am in complete agreement that is a significant and critical factor). That instead of having the Fed "print it's way out of our problem that Immigration be tapped.
To get "more buyers" by opening immigration, possibly through special path to Citizenship, to those who have US dollars overseas and can afford homes. Skip the tedious entry process to those who are willing to write a check for $1,000,000 and give them Citizenship (with vesting parameters, no felonies in 10 years, etc).
A million entrants into the US with a $1,000,000 would provide not just an immediate injection in liquidity to the Federal Government's deficit, it should also provide an opportunity for all those empty (to be) homes to be sold, occupied with the new citizens who pay property taxes and increase the liquidity in the US system along with further spending amplifying effect.
The fact of the matter is America is the "ultimate gated community" in terms of people trying to get in. It is in fact American Dollars that are being sucked out of the country and a way of bringing those dollars back is to bring them along with the people.
The problem is not "too much" immigration, its not enough of the right immigration. Fill the empty homes, refund the banks and financial institutions, and get the economy back on track through high income, high talented, risk taking, willing supporters of American values who will write over a check. Give the 1,000,000 Squared plan a chance to work ( a million squared would provide a trillion dollars of economic effect, 1000000 immigrants * 1000000 dollars, yes!)
Suburban Housing Markets Are Unsustainable (Part 2) [View article]
To get "more buyers" by opening immigration, possibly through special path to Citizenship, to those who have US dollars overseas and can afford homes. Skip the tedious entry process to those who are willing to write a check for $1,000,000 and give them Citizenship (with vesting parameters, no felonies in 10 years, etc).
A million entrants into the US with a $1,000,000 would provide not just an immediate injection in liquidity to the Federal Government's deficit, it should also provide an opportunity for all those empty (to be) homes to be sold, occupied with the new citizens who pay property taxes and increase the liquidity in the US system along with further spending amplifying effect.
The fact of the matter is America is the "ultimate gated community" in terms of people trying to get in. It is in fact American Dollars that are being sucked out of the country and a way of bringing those dollars back is to bring them along with the people.
The problem is not "too much" immigration, its not enough of the right immigration. Fill the empty homes, refund the banks and financial institutions, and get the economy back on track through high income, high talented, risk taking, willing supporters of American values who will write over a check. Give the 1,000,000 Squared plan a chance to work ( a million squared would provide a trillion dollars of economic effect, 1000000 immigrants * 1000000 dollars, yes!)