Out Takes: Immigrants as a solution to the housing problem

The World

We’re spending $275 billion dollars on a federal housing market bailout plan. But is this money going to fix the problem which has created ghost towns of abandoned or empty homes across the United States? Richard LeFrak is chairman and CEO of LeFrak Organization, a real estate builder and developer joins The Takeaway. He has a provocative idea what might actually fix the housing mess: giving immigrants legal residency in exchange for buying up our homes.

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