Here’s a solution to the housing market that both parties can live with! I heard this idea at a speech last night put on by the Ayn Rand Center for Individual Rights…
BUY A HOUSE: GET A GREEN CARD
Wow! So simple! Something for both parties!
Democrats should love it because it allows more immigration and Republicans will love it because the resulting flood of immigrants will be over-documented since mortgage firms require even more documentation than the INS… The surplus inventory of homes would be bought up by people with money or access to credit–which would re-inflate home prices and drive market growth.
I actually really like this idea as a way to help allow more access to America by foreigners wanting to move here– but it does it in a way which bypasses the typical complaints about “poor foreigners coming to the US to mooch off the welfare state”. (I’ll avoid the obvious opportunity for me to rail against the welfare state for now…)
Seriously folks! Let’s look into this… call your elected officials in Congress! Let’s create a whole new visa for people looking to immigrate to the US… I’m totally comfortable with anyone who can buy a home being granted a Green Card in return (so long as they’re not a criminal by U.S. standards, of course).
