Democratic presidential candidate Vice President Kamala Harris is trying to convince voters that she can help alleviate the painful costs of buying a home, while hiding her support for mass immigration, which she blames for soaring home prices.
“From day one, I will be tackling price gouging and working to bring costs down…we will tackle corporate landlords and limit unfair rent increases,” she said. Declared He spoke to supporters at his first campaign rally in Atlanta, Georgia, on July 30, 2024.
VICE PRESIDENT HARRIS: On day one, I’ll tackle price gouging and bring down costs. I’ll further ban hidden fees, take on corporate landlords and cap unfair rent increases, and take on Big Pharma to cap the cost of prescription drugs across America. pic.twitter.com/8AcVYNo7Zt
— Kamala HQ (@KamalaHQ) July 30, 2024
“She’s saying this because she’ll say anything to win an election,” Mark Krikorian, president of the Center for Immigration Studies, responded.
Even if restrictions were politically feasible at the federal, state or local level, they would not be able to bring down home prices while mass migration continues, Krikorian added. “That would just make the housing market even tighter and prices even higher,” he told Breitbart News.
“This is not a typical politician’s lie,” he added. “Nobody believes it. [President Barack] Obama was against same-sex marriage, but no one believes it [Donald] Trump is against abortion, which is standard political nastiness, and VP Harris is a different breed on many issues, including immigration. [by pushing] A sociopathic disregard for truth itself.”
Housing is politically important because housing costs are taking up a larger share of monthly budgets and many young voters are becoming poorer.
“End 22 million households They spend more than a third of their income on rent and mortgage interest. Sharp rise from 2022 onwards” , Vox Reported August 6th.
of The Wall Street Journal Reported August 12:
Housing costs are by far the largest monthly expense for American households. [Consumer Price Index]Housing costs – a measure of rent, homeowner’s equivalent costs, out-of-home accommodation and home insurance – rose by more than 13% in two years.
A 13% increase in a family’s $3,000 rent or mortgage payment would reduce their bank account balance by about $400 each month.
…But we must not stop mass immigration, which stimulates demand. @SenSanders?
Koch Brothers Bernie Sanders
Open borders
Developers >>> Home Buyers https://t.co/fsSeu8lsmu—Andrew Goode (@Drewbueno) August 13, 2024
Aides to President Joe Biden have been touting the symbolic relief package ahead of the November election. For example, on August 13, a White House official said: Announced A plan to spend $100 million to speed up approvals for new construction.
Related exclusive: Large group of migrants from many countries crosses border into Arizona
Randy Clark / Breitbart
Since 2021, Harris has done little to rein in Mayorkas’ pro-immigration policies. POLITICO On August 10th I wrote:
Ms. Harris also resisted taking on the immigration issue herself: When Mr. Biden tasked her with managing the warring countries of Central America’s Northern Triangle, she bristled at the implication that she would have to be directly involved in resolving the border.
Harris’ campaign speech ignores the link between immigration and housing costs.
But former Republican presidential candidate Donald Trump’s speeches and campaign staff have weighed in on the issue.
“With 15 million new immigrants, housing costs are skyrocketing. They’re really skyrocketing,” Trump said during a June speech in Arizona. “There’s no place to put them. And their numbers are growing, and there’s just no place for them to live.”
His campaign also focuses on the housing suffering of America’s veterans.
How many homeless veterans could be housed with $5 billion?
How many police officers and firefighters could you hire with $5 billion?
How many schools could be improved with $5 billion?
This is Kamala’s platform — illegal immigration first.
Working-class Americans are nothing more than ATM machines to her. https://t.co/5B2IKfZ5PB
— Trump War Room (@TrumpWarRoom) August 14, 2024
“We have 20 million illegal immigrants who should not be in America, competing with the American people for scarce housing,” Sen. J.D. Vance (R-Ohio), Trump’s running mate, told Fox News on August 6. “Kamala Harris supports raising interest rates, making mortgages totally unaffordable for most people, which means these policies hurt ordinary people…Harris is putting the interests of illegal immigrants above the American people.”
Immigration causes housing costs to soar
Krikorian said voters outside the U.S. recognize the link between immigration and housing costs.
“Here, [publicized] “Very,” he added, “Senator Vance mentioned this a few months ago, and this is probably the most famous example, and one of the reasons is because we are a great country. [that] “People just imagine there’s plenty of room to spread out. They don’t take into account that immigrants don’t settle half an inch thick across the country. They go to the most densely populated urban areas.”
In the United States, many officials and experts agree that Biden’s mass migration is driving up rents and home prices, including for white-collar workers in areas with small immigrant populations.
Immigration Raised According to the pro-immigration New American Economy advocacy group, U.S. home values rose by $3.7 trillion between 2000 and 2010. Indeed, much of that gain was wiped out by the 2008 recession, when many poor Americans and immigrants could no longer afford their monthly mortgage payments.
“Using data from 2002 to 2012, we find, like other researchers, that an influx of immigrants is associated with higher rents and prices.” According to According to a survey of approximately 300 “metropolitan statistical areas (MSAs)” conducted in March 2017, title ““Immigration and Housing: A Spatial Econometric Analysis” The abstract reports:
An increase in immigrants equal to 1% of an MSA’s total population was associated with a 0.8% increase in rents and a 0.8% increase in home prices.
Increased immigration was associated with a 1.6% increase in rents and a 9.6% increase in home prices in the surrounding MSAs.
When immigrants move into an MSA, natives tend to migrate to surrounding MSAs, suggesting that spillover effects may be driven by native displacement.
“You’re talking specifically about housing,” Federal Reserve Chairman Jerome Powell told Vance at his July 9 confirmation hearing, adding that “there are certainly places around the country where an influx of new people would add fuel to an already tight housing market.”
“Millions of people,” Biden said. [immmigrant] “Housing is becoming more prevalent in society, and they need places to live, so there’s more competition for those places, which naturally drives up prices,” former Secretary of Housing and Urban Development Ben Carson told Breitbart News.
“Global immigration boom keeps housing costs high: A surge in immigrants is driving up rents, boosting home prices and complicating inflationary escapes,” a July 2023 newspaper headline reads. The Wall Street Journal.
Even the very pro-establishment Axios Hospitalized The link is to a headline from September 2023, “Immigration surge exacerbates U.S. housing crisis.” When different groups of people are competing for the same housing, “I think there’s a real danger of fanning the flames of xenophobia,” New York City Comptroller Brad Lander told Axios.
