I posted this in another thread. Basically, just open up the borders. This would also help rescue the various entitlement programs (at least until the immigrants get old).
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Here’s an easy solution to put a bottom under US real estate in under a year.
Give an instant green card + work permit to any foreign citizen that purchases a property in the United States with a 20% down fixed mortgage from a domestic S&L. Mortgage insurance will be provided by the Fed.
Providing the resident alien maintains a positive legal and credit record, offer them full citizenship after four years.
We’ll simultaneously pull all the best human resources (and their associated assets) from the rest of the world and bail out the domestic housing and banking industry.
As a symbol of the program we could gild the Statue of Liberty with gold leaf. That would look rad.
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