Stuart Gabriel tells the truth about the housing market in this piece. So, how do we get our groove back? As my loyal readers know, I want to see the United States auction off 2 million passports a year. Our passport is a valuable export commodity so selling these would generate hundreds of billions of dollars of revenue. In addition, the successful international people who would buy these permits would need a U.S house to live in. Their demand would help to stabilize our housing markets.
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10/14/2011
The Lingering Recession's Impact on Real Estate Prices and My "Cure"
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This proposal is similar to the one proposed by Sens. Schumer and Lee: http://www.nationaljournal.com/congress/report-senate-bill-would-give-visas-to-wealthy-foreign-homebuyers-20111020
My problem with these proposals is they miss the mark in avoiding to help blighted areas.
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