Saturday, February 23, 2008

How to Reverse the Drop in Housing Prices

It's very simple. The Economist reported in its January 17 issue that in the U.S., "immigrants ... accounted for 40% of the growth in homeownership between 2000 and 2006."

More immigrants = more demand for housing = prices rise. So let's throw open the borders. Whatever we've been doing hasn't been working. Time to try something new.

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