A new Zillow study reported this week that the United State has a record housing shortage of 4.7 million units.
 |
| Source: https://thehill.com/business/5393272-housing-shortage-growing-zillow-analysis/ |
This is despite a boom in the number of new housing units having been completed in the post-Covid pandemic era.
 |
| Source: https://fred.stlouisfed.org/series/COMPUTSA |
How is this possible since U.S. births have been declining rather significantly since 1990?
 |
| Birth in the USA by Age of Mother |
There should be more than enough housing units available,
All of the housing shortage is due to immigration---most particularly, illegal immigration.
The current housing shortage is a direct result of the Biden administration allowing 10 million illegal immigrants to enter the country in the previous four years and millions more who entered under both Democrat and Republican administrations in the previous 40 years.
In fact, there has never been a higher share of foreign-born people living in the United States.
We have now surpassed the level of immigrants we had when Ellis Island was at its height in the late 1800's and early 20th century.
Where is the housing shortage most acute?
Is it a coincidence that it is in cities that have a large population of illegal immigrants which also consider themselves to be "sanctuary" cities?
 |
| Top 10 Metro Areas with the Largest Housing Deficits Source: https://thehill.com/business/5393272-housing-shortage-growing-zillow-analysis/ |
Immigration has undoubtedly also had a large impact of the affordability issue with housing.
Too much demand. Too little supply.
Higher interest rates have also been a factor in all of this caused by the inflation in the aftermath of the money printing that went on during Covid.
Today it takes a median income earner in the United States 39.7% of income to afford the average mortgage payment, taxes and insurance.
The long term norm is 29%.
After the housing crash of 2010-2012 it was as low as 22%.
 |
| Source: https://x.com/nickgerli1/status/1940474306758095283 |
The immigration laws were established to provide order for our society. The laws were considered necessary to provide for the entrance of an established number of immigrants annually that could be assimilated without disrupting and degrading the experience of U.S. citizens and others who are rightfully here.
The compounding effects of uncontrolled immigration is the reason that the immigration laws were put on the books in the first place.
When the law is ignored or not enforced, chaos is sure to follow due to the compounding effects of large numbers of people the society is not prepared for.
Adding too many immigrants, too quickly, puts added pressure on the social order if those immigrant numbers outpace the ability to integrate and assimilate them into the general population.
Too many immigrants puts too much strain on our resources. It puts unnecessary strain on everything in our society---our housing, our water, our sewer systems, our roads, the electric grid, our infrastructure and our environment. It contributes to congestion and urban sprawl.
Add to this what it does to increase the financial strain on our schools and our health system , not to mention our law enforcement and justice system.
As population increases through births or legal immigration we have the time to make the necessary additions to housing and infrastructure due to the population increase.
That is not the case with illegal immigration.
Do you want to know a big reason that we have housing shortages, our health systems are strained, traffic is snarled and our schools are suffering?
Look first at illegal immigration and it provides a lot of answers.
What I don't understand is the liberals incessantly complaining about the need for solutions for housing affordability, health costs, urban sprawl and education funding.
An answer for these problems is right in front of them and the Democrats do not seem to able be able to grasp the simplest solution.
In fact, Mayor Karen Bass of Los Angeles recently announced that she is joining with other Democrat mayors in the LA area to take the Trump administration to court for its "unlawful" immigration enforcement activities.
No comments:
Post a Comment