Low Immigration and the Housing Crisis

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[...] by on October 13, 2010 Hello there! If you are new here, you might want to subscribe to the RSS feed for updates on this topic.Powered by WP Greet Box Another note on immigration and the economy: Fortune reported yesterday that low immigration levels are partly to blame for the high number of homes sitting vacant. As fewer immigrants move to the United States, fewer are buying and … Originally posted here: Low Immigration and the Housing Crisis « The Washington Independent [...]

[...] the original post: Low Immigration and the Housing Crisis « The Washington Independent Comments [...]

http://www.marketwatch.com/story/reagan-insider-gop-destroyed-us-economy-2010-08-10

This week, the Federation for American Immigration Reform (FAIR) came out with a report entitled, The Fiscal Burden of Illegal Immigration on U.S. Taxpayers, which discusses the costs of unauthorized immigration to the United States. As usual, FAIR has put out a highly misleading fiscal snapshot of the costs allegedly imposed on U.S. taxpayers by unauthorized immigrants and completely discounts the economic contributions of unauthorized workers and consumers. Moreover, FAIR inflates their costs in a variety of ways and conveniently ignores any contributions that would offset these costs.

While the publication is long and deals with a wide range of issues that warrant more dissection by credible economic experts, the trade publication Education Week has already begun the deconstruction with an item that sheds light on their misleading claims about providing English language services in schools.

Another argument FAIR makes, which makes it hard to glean what their solution would be is the high cost of deporting undocumented workers which FAIR blames on the immigrants themselves. It’s a somewhat circular argument to say that the cost of undocumented immigrants includes the cost of failing law enforcement efforts. So, in essence, FAIR is saying that the deport-them-all approach costs too much money and doesn’t work. Yet their “solution” is to spend even more money on enforcement.

FAIR’s data is meant only to reinforce their vision of “attrition through enforcement.” It is not rooted in an effort to move the immigration debate forward. Therefore, passing comprehensive immigration reform – which would yield a cumulative $1.5 trillion in added U.S. gross domestic product over 10 years – is the only sound economic decision the United States can make.

SOURCE Immigration Policy Center

Who’s behind these laws?

The Immigration Reform Law Institute, or IRLI, the legal arm of the Federation for American Immigration Reform, or FAIR, drafted the Arizona law and most of the copycat bills. The Southern Poverty Law Center designated FAIR a hate group because of its founder’s writings, its repeated participation with white nationalist groups, and its receipt of major funding from a racist organization.

Copycat laws frequently rely on the work of attorney Kris Kobach, who works for IRLI. Kobach’s lawyering has cost localities who have hired him millions of dollars while the laws have been found unconstitutional. The Arizona law was brought forth by State Senator Russell Pearce, who the Arizona press has described as having a history of associating with neo-Nazis and sending anti-Semitic emails.

I believe illegal aliens were largely responsible for the housing crisis, because it is too easy to talk away from financial obligations in a foreign country while using stolen identities.

You might ask Andrew Cuomo the hopeful new Gubernatorial of New York. As a HUD chief in the 1990, he demanded of Sallie Mea/ Sallie Mac that they lower mortgage regulations, so low income and illegal aliens could buy homes. Even worse they didn't even have to put down a down payment to qualify Google–Cuomo–HUD–Illegal aliens and low income housing and find out the truth for yourself.

Why is it that those who peddle this kind of information never seem to blame Contractors for overbuilding the market? Once again, an industry builds like there is no tomorrow, only to find that they built too much. Now they face the inevitable consequences of their foolishness. And of course we are supposed to pull their chestnuts out of the fire by increasing Legal Immigration and giving amnesty to Illegal Immigrants no matter what it does to our taxes, environment, and society.

[...] Low Immigration and the Housing Crisis « The Washington Independent [...]

Low Immigration and the Housing Crisis « The Washington Independent…

I found your entry interesting do I’ve added a Trackback to it on my weblog :)…

The comments really show the ignorant attitude of Americans. They just don't get it. The math is so simple. Less people, less homes sold. And people are natives, immigrants and US born citizens. Calling this info “…peddle this kind of information…” clearly makes Norski one of those ignorant people that value only their own opinion.

To Whyevenask – Apparently you missed all those news articles published a few years back about how the House Building Industry tried to commoditize the House Building Market. About how they felt that the economic cycle that has existed in the House Building Market that saw an ebb and flow in the number of housing starts connected to the economic cycle was a thing of the past. That from their point of view houses would now be build like cars or iPods and the profits would go on forever. Apparently you missed the fact as a result of this, these companies had overbuilt the market and they were finding it hard to find ANY demand for building new houses. They were going out of business in record numbers, desperate for any kind of work.

Apparently you never studied economics and the law of supply and demand. If you increase the supply of anything without increasing the demand for something the price goes down. This applies to everything, including houses. In spite of the recession, our population continues to grow. We still let in a million Legal Immigrants per year, yet house prices continue to fall. If our population continues to grow yet house prices are falling it is economic common sense that something else is in play here. Thus you have to look to the supply as a cause. But since that does not advance the cause of amnesty for Illegal Immigrants why not character assassinate anyone who points out this bit of economic common sense – right?

I am opposed to both legal and illegal immigration. This country is overpopulated, and 21 million Americans are out of work.

Low Immigration and the Housing Crisis « The Washington Independent…

Here at World Spinner we are debating the same thing……

The entire premise of this statement is LUDICROUS. Is there a shortage of people needing homes!? Home are so expensive because the first commodity you need to build is LAND. Since the land mass has not doubled along with the US population since 1950 (due to high immigration and immigrant birthrates), the cost has put housing out of reach. Don McAnninch is right. THE UNITED STATES IS OVER-POPULATED.

4046857 beers on the wall. sck was here

685135 beers on the wall. sck was here