I grew up in San Diego. Been around immigration my whole life… Legal and illegal. Most immigrants are awesome and just wanna work. Generally a good thing! However, unvetted millions over the last couple years have led to much higher crime and drugs and Human trafficking in the worst ways! We need a wall so the right people can use the door! Demographers obviously don't look at some very important issues other than the economics of labor and housing.
This was great IMHO. Eric provided insight in his analysis, particularly that people and generational cohorts are individuals with different needs. As someone who is looking for a property that doesn't align with a stack-and-pack housing future, I appreciate Eric's insight.
Increasing or decreasing immigrant labor in the construction sector is unlikely to significantly affect home prices in Blue coastal cities like SF, Seattle, LA or NYC, as the primary factor affecting price in those metros is land availability as well as government fees and regulation.
I love it when someone claims they are politically neutral but they cite their belief based on one side of the story while not acknowledging the other side. If you think what is happening with immigration now is just a talking point about how immigration is good for the country, you are in denial or just clueless. Major problem with U.S. mentality, if there is something good, it must mean more of it is better. The concept of balance escapes people. Both Mike Simonsen, you just lost major credibility in terms of being honest, if not accurate, and this guy at John Burns is completely ignorant on the subject. It's fine if you take a side, but don't frame it as the only side.
For two smart guys, you fail to differentiate the huge difference between legal and illegal immigrants. Legal has always been the lifeblood of this country. Deporting illegals who followed no process and having them follow the LAW isn't a bad thing. There is a legal way to come to the US and helps ensure we get the best and the brightest not just any criminal from any country (the current state of immigration).
Yet another disappointed comment section. Probably because Altos is increasingly obviously presenting a single biased view rather than a holistic fair view. Keep losing subs buds.
Disappointing and one-sided, esp on immigration. Immigration benefits one socioeconomic class at the expense of the other. It reduces costs overall, and this is great for business owners and those who consume a lot of housing and services (the top 20%), while decimating wages for construction workers and others. Almost nothing is ever good for everyone. What immigration accomplishes for the pre-existing population is that they create more wealth, as well as much more inequality. And wealth with inequality means a loss of ability to purchase assets for the lower half or 3/4. People who oppose immigration are not speaking from racism, for the most part, but from self-interest, as income from work is much more important than inflation in prices for those workers. Still, we all go with our gut (underlying belief system), even economists, despite their claims to be scientific - they are most assuredly not - almost all of them are ideology-driven, and financed by only one side (not too many economists are employed by unions). Even the left-wing 'Marxist' economists are funded by the elite class, and for good reason - they do not advocate for workers at all, but for more immigration as it is seen to benefit the immigrants, which is likely true.
I grew up in San Diego. Been around immigration my whole life… Legal and illegal. Most immigrants are awesome and just wanna work. Generally a good thing!
However, unvetted millions over the last couple years have led to much higher crime and drugs and Human trafficking in the worst ways!
We need a wall so the right people can use the door!
Demographers obviously don't look at some very important issues other than the economics of labor and housing.
This was great IMHO. Eric provided insight in his analysis, particularly that people and generational cohorts are individuals with different needs. As someone who is looking for a property that doesn't align with a stack-and-pack housing future, I appreciate Eric's insight.
Increasing or decreasing immigrant labor in the construction sector is unlikely to significantly affect home prices in Blue coastal cities like SF, Seattle, LA or NYC, as the primary factor affecting price in those metros is land availability as well as government fees and regulation.
Why don’t we get all those newly unemployed Coutrywide and Evergrande employees to come here and build a few dozen “ghost cities” in the US?
Such great insights!
Great information and interview. Thank you
I love it when someone claims they are politically neutral but they cite their belief based on one side of the story while not acknowledging the other side.
If you think what is happening with immigration now is just a talking point about how immigration is good for the country, you are in denial or just clueless. Major problem with U.S. mentality, if there is something good, it must mean more of it is better. The concept of balance escapes people.
Both Mike Simonsen, you just lost major credibility in terms of being honest, if not accurate, and this guy at John Burns is completely ignorant on the subject. It's fine if you take a side, but don't frame it as the only side.
Agreed, highly biased and highly ignorant take by Mike . Thumbs down on this video for that exact reason.
For two smart guys, you fail to differentiate the huge difference between legal and illegal immigrants. Legal has always been the lifeblood of this country. Deporting illegals who followed no process and having them follow the LAW isn't a bad thing. There is a legal way to come to the US and helps ensure we get the best and the brightest not just any criminal from any country (the current state of immigration).
WOW you completely miss the most deaths in US history among the prime owners of real estate?
Really?
Try rephrasing that so we understand your comment please.
Yet another disappointed comment section. Probably because Altos is increasingly obviously presenting a single biased view rather than a holistic fair view. Keep losing subs buds.
A John Burns analyst was way off base a couple of years ago. Kinda slammed their credibly
Disappointing and one-sided, esp on immigration. Immigration benefits one socioeconomic class at the expense of the other. It reduces costs overall, and this is great for business owners and those who consume a lot of housing and services (the top 20%), while decimating wages for construction workers and others. Almost nothing is ever good for everyone. What immigration accomplishes for the pre-existing population is that they create more wealth, as well as much more inequality. And wealth with inequality means a loss of ability to purchase assets for the lower half or 3/4. People who oppose immigration are not speaking from racism, for the most part, but from self-interest, as income from work is much more important than inflation in prices for those workers. Still, we all go with our gut (underlying belief system), even economists, despite their claims to be scientific - they are most assuredly not - almost all of them are ideology-driven, and financed by only one side (not too many economists are employed by unions). Even the left-wing 'Marxist' economists are funded by the elite class, and for good reason - they do not advocate for workers at all, but for more immigration as it is seen to benefit the immigrants, which is likely true.
This guy is painful to be subjected to. Logan Mohtashami has a far better grasp if demographics, but then, he doesn't fit with your narrative...
You’re saying that you were triggered by a data based take on immigration?
Lol. Misread /misinterpreted "data" is still garbage, just as is your poor interpretation here...
@@meljohnson5926 immigrants pay more in taxes than they receive, commit fewer crimes, and supply more goods and services than they demand.