Initially written on 28 January 2008.
Monday, January 28, 2008
Sub prime crisis of USA
USA can open the doors for people from India. Anyone who owns 100,000 dollars or more and would like to own a house in USA should be allowed to come to US, purchase a house by putting 50% money upfront and equal amount as loan. In return, such a person and his family be allowed special Visa to live in the house for six months in a year. I estimate at least 50,000 persons from India would buy these houses. If similarly people from other countries also are attracted, US sub prime problem will be over within a year. In addition, these people when they stay in America, they will spend money. It will mean additional income for US economy.
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