The illegal Immigrant Crisis Causing the Housing Crisis
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- Опубліковано 6 жов 2024
- With 10 million illegal immigrants coming in the US in the last 3 years. But 9 million legal immigrants what are they doing to housing prices. No one is talking about where these people are going to live. The US currently has 6 million fewer houses on the market that what the demand need to be filled. And with 1.5 million new houses built in 2023 how will we make up the difference?
Jeff, who do you think is building these houses and apartments? Our immigration crisis is we don’t have enough workers to meet the demand. I teach new comer immigrants in a middle school. The vast majority of these families are doubled up with their family members. What we need is a comprehensive immigration policy that legitimizes these people and their contributions.
That is a good point. I used to live in MT in the early 2000's. And when the housing crash hit in 2008 it hit there really hard. The main reason I think it hit so hard was because everyone in the town was either a Realtor, a mortgage broker, or a construction worker building houses. When the bottom fell out we were all homeless (me included). Now the market has rebounded and the median house price is over a million dollars and all of the construction workers are living in vans on the side of the road. There are crazy things going on. I get it that they have multiple generations in one house and that is how they will eventually afford to be home buyers themselves and they will start to get ahead. I'm not blaming anyone, I just think it's an interesting topic for discussion.
@beavis_loves_you ??? Was this in Jeff’s video? I must have missed it. McD’s is paying a $500 signing on bonus around my neck of the woods.
@beavis_loves_you what kind of work are you looking for? Maybe someone on this thread can help you out. Lack of permanent housing is a huge obstacle to employment. I wish you the best
Spot on. Spot on. We have a shortage of workers not too many. And any American competing with illegal immigrants for housing has already basically failed at life. Where I live these immigrants live in run down houses, 12 to a room. Making these people who are coming here to work hard the problem is insanity. Attacking the poorest people and blaming them for massive economic problems, insanity. Changes in wealth distribution in this country have created billionaires and gutted the middle class, the poor aren’t the problem I can assure you.
@beavis_loves_you illegal immigrants can’t work for Burger King, or any other chain restaurant. They take off the books jobs that pay below minimum wage, jobs no American is willing to do. The immigrants are not the problem. Corporations and very wealthy lobbyists have influenced policy to ensure the rich continue to get rich and the poor get poorer. The poorest of the poor are not causing your problems.
I'm not worried about immigrants, and yes, they should come into our country properly. But same old story, we do not have a good, progressive path for immigrants to be a productive part of our society. More importantly, I would steer you to the large problem and that is corporate ownership of homes. It has swelled to over 30% by the estimates I have seen. True, they rent them out, but at ridiculously high prices.
I don't think corporate owned homes are that high. I just did a quick google search and got this answer. ~As of June 2022, the report estimates that roughly 574,000 single-family homes nationwide were owned by institutional investors, defined as entities that owned at least 100 such homes. This comprises 3.8 percent of the 15.1 million single-unit rental properties in the US
It's not just the availability of housing, they will *COMPLETELY COLLAPSE SOCIAL SECURITY AND MEDICARE* being given it without ever having paid into it thus *EARNING* enough credits to get it (you need at least 40).
Jeff, this makes total sense. More people in the country of any kind leads to more demand for housing. I think this is also the cause of much homelessness. The other issue is that some markets have excess housing and others are in high demand. This shift in where people are living doubles up on the housing shortage.
Great points about the shift in where people want to live. We will see how this video ages over the years. There is a lot of unknowns about how this will play out over the 5-10 years.
There will a lot of buyers and a shortage at the low end of the market. Likely a glut soon at the high end when the older retired downsize or pass away.
I did a video on this called "are the boomers going to crash the real estate market".
I would frequently pose this question in comments sections no one would ever respond
Shhhhh.... we're not supposed to talk about it.
I want your T-shirt to wear on my UA-cam channel 😀😀😀
Yes!!!
You’ve just demonstrated how poorly informed you are on this issue and in doing so called into question your thinking on basically everything else you’re on here talking about.
Please educate me then. I'd love to hear what you think.