Virtually every housing market in the country is now complaining about skyrocketing housing costs, yet no one seems willing to confront the extremely simple supply-and-demand issue that’s contributing to the problem: mass immigration.
America has brought in somewhere between 65 and 70 million legal and illegal immigrants since 1965, despite the fact that we are only able as a nation to build a fraction of new housing units to accommodate all those people. This is literally insane, but no one wants to confront the reason for the problem. Fine, we’ll do it…
Boise, Idaho gives us a good microcosm to look at this national problem right now. The Los Angeles Times just ran an article titled, “Go Back to California: Wave of Newcomers Fuels Backlash in Boise.” It’s true that there are a lot of Californians moving to Boise. It’s a nice mid-sized city where you can still catch an Eric Clapton concert, but with the added benefits of being able to own a gun and not have a hobo have a squat on the sidewalk in front of your favorite restaurant. You can rent a five-bedroom house with a garage, a big yard and an indoor pool in Boise for about half the cost of the cruddiest apartment in Hollywood. It’s an attractive destination for Californian retirees with six-figure public sector labor union pensions.
Since 2017, the median home price in Boise has jumped from $233,000 to about $350,000. The vacancy rate for one- and two-bedroom apartments in Boise is now at 0.45%. Many of the families that built Boise can no longer afford to live there, because of the big influxes of people moving in from San Bernardino, Riverside and Orange Counties in California. Salaries in Boise – and in hundreds of other American cities – have not kept up with the rapid increases in housing costs.
There are an estimated 14 million millennials (age 25 to 34) still living at home with their parents in 2019. When a college grad starts their first job and has take-home pay amounting to about $2,200 a month, and an apartment costs $1,500 a month, well… good luck living the American dream! No wonder millennials are turning to socialism. Unfortunately, no one is naming the real culprit driving this nationwide problem.
That’s mass immigration. California is completely overrun with immigrants – legal immigrants, illegal aliens, refugees and H1B job stealers. California’s current population is somewhere between 40 and 50 million people; without 50 years of mass immigration, that number would have been much closer to 30 million or less.
But due to mass immigration to that state, Californians are fleeing to Boise, San Antonio and other areas where they can still afford to live. And then right on schedule, housing prices explode in the new areas that they’re fleeing too. The same thing is happening with New York, which is bleeding residents due to skyrocketing housing costs.
The Journal for Housing Economics did a devastating study on this in 2017. For every 1% increase in immigration-driven population to a metropolitan area, it drives housing costs up nearly 10% in surrounding communities. In other words, when Los Angeles absorbs a 1% increase in immigrants, the rents in Riverside County go up 10%. Eventually, the folks in Riverside County pack it in and move to Boise. The real cause of the problem was immigration.
According to a report on KTVB in Boise last April, the city of 220,000 (and rapidly climbing) would have to build 1,000 new housing units every year for the next decade, just to stabilize prices at the current level. That ain’t going to happen. Especially since Californians are moving in at a much higher rate, and because Boise has a United Nations Refugee Resettlement office.
The demand for housing has massively outpaced supply, thanks to the 1.2 million legal immigrants allowed into America each year, and the unknown number of illegals. Nothing illustrates the direct harm that mass immigration does to Americans more than the housing issue – but nobody wants to talk about it.
This means there is really only one choice for Americans in the 2020 election, if they ever want their children to be able to own a home. We have to vote for Donald Trump’s reelection.
Guess how many refugees the Trump administration resettled in the US in October of 2019? Zero! Not a single one! That’s the first time this has happened since the program was turned over to the UN back in 1980, with the passage of Ted Kennedy’s Refugee Resettlement Act.
There’s also news that the White House is about to set up webcams showing daily progress on The Wall. Meanwhile, every Democrat running for president is calling for open borders, despite the fact that we have 14 million American millennials who cannot afford to rent their first apartment.