We're spending $275 billion dollars on a federal housing market bailout plan. But is this money going to fix the problem which has created ghost towns of abandoned or empty homes across the United States? Richard LeFrak is chairman and CEO of LeFrak Organization, a real estate builder and developer joins The Takeaway. He has a provocative idea what might actually fix the housing mess: giving immigrants legal residency in exchange for buying up our homes.
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Comments [2]
This is the best idea in the world. In order for America to absorb the extra housing, you need to allow people with money into the country.
NOW. All of you XENOPHOBICS need to do a little tracing back into your family tree...unless youre an american indian.
All of us are immigrants. I truly believe that this country will slowly lose its power/advantage over the rest of the world when it ceases (or slows down) its immigration of new people.
It is unacceptable to sell US residence or citizenship.
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