A Cure For Real Estate Markets Downturn

Given by Alan Greenspan:

“The most effective initiative, though politically difficult, would be a major expansion in quotas for skilled immigrants,” he said. The only sustainable way to increase demand for vacant houses is to spur the formation of new households. Admitting more skilled immigrants, who tend to earn enough to buy homes, would accomplish that while paying other dividends to the U.S. economy.

He estimates the number of new households in the U.S. currently is increasing at an annual rate of about 800,000, of whom about one third are immigrants. “Perhaps 150,000 of those are loosely classified as skilled,” he said. “A double or tripling of this number would markedly accelerate the absorption of unsold housing inventory for sale — and hence help stabilize prices.”

The full article (paid, WSJ) can be found here.

12 Responses to “A Cure For Real Estate Markets Downturn”

  • This is great. Our immigration policies do need to be reformed. It’s great to see an economic perspective on why we need immigration reform.

  • I believe the majority of the problem in the housing market was caused by the same people that you are advocating to solve the problem. A lot of lower income individuals were given home loans even though the lenders knew the people could not afford to pay back the loan. Thus, the people had no choice but to default on their mortgage payments leaving the lenders holding the bag. Check to see how many of these people were immigrants, legal or illegal. You will not be surprised what you find. So, don’t say these same immigrants are the solution to the housing/realestate collapes. They are the cause.

  • Hey EYES OF TEXAS, it’s that kind of thinking why this country is doing a U-turn back into the Stone Age. Not all immigrants are low income families. Stop placing blame, wow I’ve never heard anything so far from the truth, Immigrants are the reason why the real estate make is tanking – let me guess Martian’s is the are the reason why the Ozone Layer is depleted, I should have known that!.

  • 5vSgdC ypvkjnnnzqty, [url=http://jeejhjmnrkdj.com/]jeejhjmnrkdj[/url], [link=http://nnbmhmclqfyl.com/]nnbmhmclqfyl[/link], http://gaqadfsunqqa.com/

  • I always spent my half an hour to read this web site’s articles or reviews all the time along with a cup of coffee.

  • Hi there everybody, here every one is sharing these experience,
    therefore it’s good to read this website, and I used to pay a quick visit this webpage

  • It’s going to be end of mine day, except before finish I am reading
    this impressive article to increase my knowledge.

  • Some truly interesting information, well written and generally user pleasant.

  • Hey there! This post couldn’t be written any better!
    Reading this post reminds me of my previous
    room mate! He always kept chatting about this. I will forward this write-up to him.
    Pretty sure he will have a good read. Thank you for sharing!

  • I have been exploring for a little for any high-quality articles
    or blog posts in this kind of space . Exploring in Yahoo I at
    last stumbled upon this web site. Reading this
    info So i’m happy to express that I have an incredibly good uncanny feeling
    I found out just what I needed. I most certainly will make certain to
    don?t overlook this website and give it a glance on a constant basis.

  • I don’t even know how I ended up right here, however I assumed this publish was good.
    I don’t recognize who you are however definitely you are
    going to a well-known blogger in case you aren’t already.

  • Hi there! I just wanted to ask if you ever have any issues
    with hackers? My last blog (wordpress) was hacked and I ended up losing
    several weeks of hard work due to no back up. Do you have any solutions to stop hackers?

Leave a Reply