3 ms·

You're over thinking it. 1. Eliminate the investor and land lord element from real estate and you reduce a significant reason as to why housing is so expensive

You're over thinking it. 1. Eliminate the investor and land lord element from real estate and you reduce a significant reason as to why housing is so expensive. Do it with taxes, codes, whatever. You can own two houses and any more than that the taxes go way up. Landlords don't build houses, developers who sell their new builds do. 2. Eliminate foreign ownership of American real estate and limit it to American citizens and legal immigrants. -> see Thailand 3. Unpopular but true: eliminate the influx of illegal immigrants and remove the ones already present. More people + limited stock = high prices

ako 4y ago
Do you have any data to show the actual effect of illegal immigration on housing demand?
- freitzkriesler 4y ago
  Mate, its 2023. Use google. It's also econ 101. Where are all those illegal immigrants going to live? In houses and apartments. https://www.google.com/search?q=illegal+immigration+effect+on+housong&ie=UTF-8&hl=en https://www.google.com/search?q=illegal+immigration+effect+o...
  - ako 4y ago
    From your google search result: https://www.newamericaneconomy.org/housingmap/ https://www.newamericaneconomy.org/housingmap/ "Importantly, the research finds that immigrants revitalize less desirable neighborhoods in costly metropolitan areas, opening up new alternatives for middle- and working-class Americans to buy homes, and immigration supports the housing market without exacerbating the nation’s worst affordability problems, because immigrants themselves tend not to settle in the most expensive places."
    - freitzkriesler 4y ago
      NAE is about as trust worthy as the US Chamber of Commerce. Their biases seep through their text. Where do those existing residents in those working class neighborhoods go when immigrants move in? They get priced out and either end up homeless or on section 8, that's what happens. No new housing units in the low end ever get made, only the high end gets new builds. See this https://www.newsweek.com/why-are-we-spending-millions-housing-illegal-migrants-while-americans-go-homeless-opinion-1770207 https://www.newsweek.com/why-are-we-spending-millions-housin...?

ako 4y ago

Do you have any data to show the actual effect of illegal immigration on housing demand?

freitzkriesler 4y ago
Mate, its 2023. Use google. It's also econ 101. Where are all those illegal immigrants going to live? In houses and apartments. https://www.google.com/search?q=illegal+immigration+effect+on+housong&ie=UTF-8&hl=en https://www.google.com/search?q=illegal+immigration+effect+o...
- ako 4y ago
  From your google search result: https://www.newamericaneconomy.org/housingmap/ https://www.newamericaneconomy.org/housingmap/ "Importantly, the research finds that immigrants revitalize less desirable neighborhoods in costly metropolitan areas, opening up new alternatives for middle- and working-class Americans to buy homes, and immigration supports the housing market without exacerbating the nation’s worst affordability problems, because immigrants themselves tend not to settle in the most expensive places."
  - freitzkriesler 4y ago
    NAE is about as trust worthy as the US Chamber of Commerce. Their biases seep through their text. Where do those existing residents in those working class neighborhoods go when immigrants move in? They get priced out and either end up homeless or on section 8, that's what happens. No new housing units in the low end ever get made, only the high end gets new builds. See this https://www.newsweek.com/why-are-we-spending-millions-housing-illegal-migrants-while-americans-go-homeless-opinion-1770207 https://www.newsweek.com/why-are-we-spending-millions-housin...?