The problems in the housing market are well known. Home prices keep falling. Buyers sit on their hands, figuring prices will keep going lower. With their homes worth less, Americans are reluctant to spend.
So what to do? How can we boost demand for housing?
Here’s a great idea: “There may be a very simple way out of this predicament at no cost to taxpayers: Provide immediate permanent-resident visas to the hundreds of thousands of doctors, scientists, and engineers who are already in the United States legally and stuck in immigration limbo. But make their expedited permanent residency contingent on their purchase of a house for, say, more than $250,000. These highly educated, skilled workers won’t be taking any American jobs away. They are already working in the U.S. They didn’t break any laws. They entered the U.S. through the front door. And they won’t be a burden to society, since these workers often earn six-figure salaries and pay high taxes. So this should be a no-brainer.”
I never understood why we did not operate our immigration policies in the national interest. Do we need more unskilled labor in the US? No. We need educated people with unique skills. We need rich people. If you’ve got money, if you can buy a home, then we should welcome you to the United States because you will contribute to the country at least as much as you will take away.
This idea will cost taxpayers nothing.
For years, the US has been admitting students and doctors on temporary visas but holding down the number of permanent visas available to such people.
I say, deport the people who are here illegally. For every person deported, a thousand will go home voluntarily.
Meanwhile, let’s allow those people with skills and assets and the ability to buy a home to stay in America and help make the country great again.