Subroto Roy:
Large numbers of doctors and nurses and medical support staff from around the world were attracted with Green Cards in earlier decades; the same could be done here, saying, as it were, here’s a Green Card attached with a bad mortgage (perhaps in a dismal location). A generation of pioneers on a new frontier might arise.
Two birds might be killed with one stone if doctors etc were brought in first, raising the health-care supply curve as well (cartels like the AMA would protest and raise barriers).

Larry Levine:
The Unions wouldn’t let it happen.

Tim Cavanaugh:Thanks for the kind words and the excellent suggestion. Like the MSM-depleted windsock I am, I haven’t been thinking of immigration since the nativists stopped screaming about it. My only problem with your argument is that it’s a utilitarian argument. We shouldn’t be allowing free immigration and emigration to solve our real estate problem. We should be doing it because it’s right, in good times and bad.

Subroto Roy: Real estate is the most real of real sectors; if that is what has gone bad (due to government policy, another very real factor), all other less real, more nominal/monetary assets go bad with it. And the latter (despite window-dressing) will stay bad as long as real estate stays bad. I cannot see how real-estate can improve except with the help of one or two or five million new immigrants