Yglesias advocates more legal immigration:
Adam Ozimek offers up some quantitative research on the scale of the effect citing research from Albert Saiz (PDF) indicating that “[i]mmigration inflows equal to 1% of a city’s population were associated with increases in average or median housing rents and prices of about 1%.”Patrick Appel is in, and notes Felix Salmon listing other economic benefits.
One way to especially take advantage of this effect and politically frame it as housing stabilization policy would be to create a special new class of visa specifically for people who purchase homes in the United States.
I'm double plus in. For laughs, imagine the facial reaction of a typical 'patriotic' tea partier to the suggestion.









