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JD Vance Is Correct, Migration Spikes Housing Prices

Even the editor of the programme economist The magazine admits that JD Vance's vice president is right to move housing costs for young American couples.

“The post-migration pandemic wave coincides with rising home prices. With rising costs, housing will not be affordable for Indigenous people.” economist It was recognized in the article on March 13th, and added:

A meta-analysis by William Cochrane and Jacques Poot of Waikato University found that a 1% increase in urban immigrant populations would result in a 0.5-1% increase in rents. Another study estimates that a 1% increase in migration to the German district will lead to a 3% increase in housing prices, according to the Czech Institute for Labor and Social Affairs and co-author UMUT UNAL. Bank of Canada James Cabral and Walter Steinningless calculate that a 1% increase in the population of the US county will result in a median rent increase of 2.2%. With rising costs, housing is not affordable for Indigenous people.

Vance repeatedly highlighted the issue during the 2024 election, and on March 10, Vance told the National League of Cities' council meeting.

To allow 20 million people to compete with American citizens for the cost of homes, there are huge and frankly completely preventable spikes in housing demand. And that's, of course, what we saw. It's been a bit difficult to build a house in this country over the past four years, but unfortunately it has been too easy to compete with American citizens for the precious homes we have in our country.

economist I admit that it's obvious: immigration drives housing costs,” replied Stephen Kamarata, director of research at the Center for Immigration Research.

In countries where governments are inflated by importing immigrants, and in countries that are helping to inflate local economies under border chief Alejandro Mallorcas, what is obvious is increasingly undeniable. Australia, IrelandCanada, and United Kingdom.

Camarota said while the magazine acknowledged the home's spikes. [higher housing costs] It affects family formation and native fertility. ”

Magazine articles engage in a similar form of spirit Crime stop When talking about the impact of immigration on wages.

For example, this article acknowledges that immigrants can help reduce wages for citizens. [citizen] Care workers – and perhaps for all workers, not just new workers. ”

However, the article authors later argued that wage losses were low, saying, “a series of empirical studies supported the idea that wage reductions from indigenous migration are small or nonexistent.”

Camarota rejected claims of small impacts, noting that a well-known 2016 study on immigration and wages was cited. economist – Hides negative data behind seemingly positive press releases. “The report included 16 studies that have negative effects on wages. Looking at the actual report, it's far more negative about wages,” Camarota said. “And who would say “small”?” he added.

The main purpose of this article is to generate taxes for even skilled immigrants and even unskilled immigrants. “Immigration raises the average income of Indigenous people… indirect financial benefits amount to around $750 a year for low-skilled American workers.”

“We don't take anything seriously that transitions are net financial benefits,” he replied. Camarota. “It's so counterintuitive that it counters all the data we have.”

For example, the article refused to acknowledge the significant difference between welfare payments for educated and unskilled immigrants, saying, “68% of households led by immigrants who only have high school education use one of the major welfare programs.”

Show showing willingness to hide the obvious extra costs of low-skilled immigrants economistPolitical bias, Camarota said:

To assert more immigrants is fundamentally deceived [to citizens]. The country doesn't want that, so it's the only way [for The Economist and its peers] Doing it deceives them. Tell me it's going to be temporary. Tell them that it's humanitarian. Tell me it's not as big as it looks. But in reality, you have to push it down into their throats.

It's a kind of elitism that reminds me of the golden age [1870s to 1890s] When immigrants were also very high… it represents a kind of preference for foreigners [migrants] and lack of empathy, lack of concern, lack of commitment to their fellow citizens

author economist “It's one of these people who want to have it in both ways,” he said, adding:

[They say migration has] It does not affect wages, but it also helps reduce costs and increase investment. But if it doesn't have it [downward] It affects wages and doesn't improve things for employers, investors and consumers.

When it comes to immigration, they are always going to talk from both sides of their mouths. They say [new immigration] It doesn't affect wages…and when you want to send immigrants home, they say [the deportations are] Wages will skyrocket and will cause inflation.

Under President Joe Biden300 million blue-collar and white-collar Americans have lost power in the labor and housing markets, and many of the workplace investments, productivity and training that employers once made possible. For example, many university graduates have been lost Career opportunities when Biden's agents expanded the influx of white-collar workers, such as H-1B visa workers.

Citizens also lost citizen stability to the social diversity imposed by the government, and political power in the growing bloc of ethnic voters demanding benefits from certain communities, cultures and home countries.

Americans also grew tired of government migration policies as they spent billions of dollars to extract human resources from poor countries for use in the US economy. Great losses to immigrants and Americans, or to the sending country.

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