Not sure how that is supposed to immediately stimulate the economy but that is what I've read. 

However the fiscal stimulus being discussed right now ($1000 to each person, etc), now that one has a real punch in terms of stimulating the economy.  

The value of the dollar will drop and who says these stimulus checks will be used towards anything “stimulating?”

Counterintuitively, quantitative easing has not been very successful at stimulating inflation.

Let me know if you have questions, I've done a little bit of everything - rentals, flips, now in development - and I've really enjoyed sharing ideas with members on BP to stimulate my thinking.

Of course your plan will be different but this might stimulate something.

Some economists estimate we are some 5 million housing units behind the demand.Home building recovery is just now gaining momentum, but is not expected to catch up to demand until something happens to dampen demand in a major way.So, you need to examine housing valuation to see what is driving it: supply vs. demand or is demand being stimulated artificially by availability of lending like it was in the run up to the crash.Hope this helps ...

Back then, unscrupulous lenders stimulated housing demand artificially by making lending unrealistically over-available leading to rise in home prices well beyond their actual value. 

Love this good conversation stimulating post.

However, if you really want some more stimulating reading on the topic, you can go here: Understanding California