Investor Peter Thiel said immigrants are helping to destroy the U.S. housing market and impose huge costs on young Americans. said Free Press news site.
“If I were to model what happened in the United States, the United Kingdom, Canada, many countries in the Anglophone region…it would be a real estate disaster,” said the man who made his fortune in Silicon Valley by founding PayPal and other Internet-based services. Thiel, a billionaire, said. companies.
Mr Thiel said even a small influx of immigrants could cause significant increases in housing costs, especially in areas with little construction, adding:
There's a way to explain this in Los Angeles, where we live, and everywhere else where real estate prices and rents are rising more and more. When it came to the inflation issue, it was inflation and immigration. One way to talk about inflation is in terms of the price of eggs and groceries, but even for people in the lower middle class, that's not a huge cost item. The really big expense item is rent. In some respects, I think [President Donald] with playing cards [Sen.] JD Vance has managed to shift the conversation a little bit to this real estate issue. Again, I don't want to blame everything on immigration, but simply having more immigrants means that new homes can no longer be built due to zoning laws, are too expensive, or have regulations and restrictions. If it is too strong, then the price will rise significantly.
It's this incredible transfer of wealth from the young and the lower middle class to the upper middle class, landowners and old people. There may be reasons why you don't want to do that…if you actually think about it in Econ. Under Clause 101, you might not want more people competing for a two-bedroom apartment, pushing the rent even higher, or forcing more people to rush in and pay the landlord more money.
Breitbart News has closely tracked the growing economic damage caused by government-led migration, including the huge transfer of wealth from young people to older landowners and investors.
In the 2024 campaign, Mr. Trump won over some young voters by expressing hope that the return of migrants led by President Joe Biden could reduce housing costs.
President Trump said: “It's all about the American Dream'' A room full of business elites and billionaires At the Economic Club of New York in September, he added:
We make housing more affordable… [and] we get [mortgage rates] Back to 3%… [so] Young people will be able to buy homes and be part of the American dream again… [Democrats] They don't want to talk about the American Dream because they are the exact opposite.
In October, Vance told a Detroit audience that immigration “has a huge impact on housing costs.”
The media is saying that one of the biggest drivers of housing costs, one of the biggest reasons why young people can't afford to buy a home, is that under Kamala Harris' leadership, there are millions of people who have no right to be here. Masu.
This pitch likely helped shift young voters to Trump.
Gen Z voters “shift right from D+24 to D+16” [and] Men under 30 had an R+10. ” Election day exit poll of 9,000 people Written by Signal.
The economic damage caused by immigration is particularly high in coastal states such as Boston and New York.
Exclusive video: A tour of the ecological damage caused by mass immigration on Texas border rivers
The same process is occurring in Canada, the United Kingdom, and other countries with large immigrant populations. In Britain, for example, migration has driven housing costs so high and birth rates have fallen to record lows, prompting calls from business groups for more migration to replace lost births.
But almost every establishment media editor and reporter is pretzeling themselves to hide the damage immigrants have done to America's homes, families, and birth rates.
However, reality shines through in some articles.
“Concerns about the border were driven as much by real challenges as by manufactured ones, and overlapped with voters' other concerns about the economy, home prices and crime… to drive a national shift to the right, pollsters say. said a strategist, the Post confirmed. election, Articles for November 15th in new york times.
