This is a horrible idea, the problem is not that houses are too cheap it's that they're too expensive.
A better idea would be to relax visa standards for starting a business that hires x number of americans. Those employees would have a far bigger impact on the economy as a whole as the majority of their income would be pumped right back in for basic necessities.
Once they start a business here, guess what? They'll need somewhere to live and since they're rich they can still buy that $500k+ house.
A better idea would be to relax visa standards for starting a business that hires x number of americans. Those employees would have a far bigger impact on the economy as a whole as the majority of their income would be pumped right back in for basic necessities.
Once they start a business here, guess what? They'll need somewhere to live and since they're rich they can still buy that $500k+ house.