Out Takes: Immigrants as a solution to the housing problem
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.
The story you just read is available for free because thousands of listeners and readers like you generously support our nonprofit newsroom. Every day, reporters and producers at The World are hard at work bringing you human-centered news from across the globe. But we can’t do it without you: We need your support to ensure we can continue this work for another year.
Make a gift today, and you’ll get us one step closer to our goal of raising $25,000 by June 14. We need your help now more than ever!