The number of new households in the U.S. is increasing at a rate of about 800,000 a year, of which about a third are immigrants. Perhaps 150,000 of those are loosely classified as skilled. A double or tripling of this number would markedly accelerate the absorption of unsold housing inventory for sale — and hence help stabilize prices
Lovely how it never seems to pass Greenspan's mind of the millions of US citizens being foreclosed on, declaring bankruptcy and maybe if they had stable jobs
and pay increases, that could solve the housing crisis!
Greenspan has long had the agenda to lower US workers, target the best paying jobs in the America, their wages.
Here is blog piece, with a video clip of Greenspan talking about repressing US wages: Greenspan Recommends Wiping out the Middle Class.
What was that unemployment rate and shrinking number of jobs for STEM professionals? 50k total reduced jobs, isn't the unemployment rate the highest in 6 years?