Plan to Solve Crisis: Let Immigrants Buy Houses - Open the floodgates WIDER! | WHAT REALLY HAPPENED


Plan to Solve Crisis: Let Immigrants Buy Houses - Open the floodgates WIDER!

Yahoo! Finance Tech Ticker Aaron Task The Fed's actions to lower mortgage rates won't stop home prices from falling, because lower rates aren't enough to sop up the huge supply of excess housing inventory, says John Mauldin, president of Millennium Wave Advisors and author of the popular "Thoughts from the Frontline" e-letter.

Instead, Mauldin believes the U.S. government should pursue a controversial idea that's been floated a few times in the past year, including here by Gary Shilling, among others: give immigrants a pathway to citizenship if they buy a house.

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