Five years after the severe housing downturn began, the market is still groaning under the weight of a near-record 14.3 million vacant residences. That's about 3 million more than normal before the fallout - a glut that could take more than 13 years to eradicate, and a drag on the economy which depresses jobs, wages, and wealth creation for Americans at all levels.
In order to jump start the economy through a strong housing market, demand needs to be increased now.
Allowing up to one million qualified immigrants to buy a house with a minimum investment of $100,000 and awarding them provisional citizenship (green card) when they paid off the balance on the house would accelerate the housing recovery while introducing hundreds of billions of dollars into the U.S. economy.