The number of people for whom visas are the only barrier to buying a home in the USA and would spend over 500k on one is probably way too small to have any real impact on the housing market.
Why not $5k? There are plenty of houses going for dirt cheap in the parts of the country hit the worst by the recession. It would mean more people taking advantage of the program and selling that cheap housing would have more of an impact on the housing market and overall economy.
The number of people for whom visas are the only barrier to buying a home in the USA and would spend over 500k on one is probably way too small to have any real impact on the housing market.
Why not $5k? There are plenty of houses going for dirt cheap in the parts of the country hit the worst by the recession. It would mean more people taking advantage of the program and selling that cheap housing would have more of an impact on the housing market and overall economy.