The coming housing boom can happen within a very short time. The simple change
of allowing immigrants to buy a home and then receive a green card has great
potential. Mr. Lefrak and Gary Schilling have introduced this novel idea of allowing
1 million immigrants come into the United States and buy a house and then receive
a green card. The economic impact for housing would result in a net stimulus injection
into the economy of $400 billion in multiplier and accelerator on the American economy!
Wow, realtors in the United States would have second life and and create a new
wave of consumer buying in the secondary housing market. This boom would allow
immigrants to become instant Americans with the purchase of the house.
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