Obviously NOT when you comprehend the fact that they are participating in the market .... This is just another moronic attempt on your part to paint anyone who might disagree as a racist. The only person who brings up race is you ...
Which immigrants are we speaking of? Norwegian? Yes they would participate in the market from contributing with labor and small business generation along with spending on products and services. So win win if you want GDP growth.
Like I said , you are the only one to bring up race. You are the racist. All of them who participate in the market are a factor , not just the white ones , not just the brown ones and not just the black ones but every single one of them that pays rent contributes to the market.. And now you move the goalpost with the "Win win if you want GDP growth" which wasn't part of the discussion - the discussion is that their numbers contribute to the rising cost of real-estate. When you add many millions of people to the housing equation , that's going to move the proverbial needle significantly.
I'm not saying you are a racist, but bringing up or not bringing up race doesn't really signify whether a policy or an opinion is or isn't influenced by race. As far as the housing market, in the short term as you increase the number of people in the country the cost of housing does go up. However that can correct fairly quickly when there is ample land and in a free market where demands are met. Also, it isn't as if the number of illegal aliens are at an all time high. The increased cost of housing is complicated, and not as simple as there being more immigrants and some of that is off set with a lower birth rate. Also there are more vacant homes in the USA that recognized homeless people. Anyone that doesn't admit that there are negative consequences in the short term to increased immigration isn't likely being honest. However the idea that the current inflation issues are because of immigrants is REALLY stretching it.
Low birth rate ..... while we have more people in the USA than ever with a continuous population growth. I'm not stating that the current inflation issues are simply explained by immigrants - that's just plain silly. What I am saying is that they contribute to the rising costs , particularly that of real-estate because it is a limited resource. I really see no positives to adding more people at this point in our history - More people doesn't solve our economic problems , it just delays the inevitable disaster. There will come a point where we just cannot sustain the debt level and this **** all comes crashing down around us. We have a spending problem that adding more people doesn't fix.
you can't possibly be this stupid! for the education of the stupid one, US debt is ~ 70 - 80% of GDP for Japan, it has been above 200% since the 1990s, now approaching 300% for China, it has been above 100% for over a decade; now approaching 300%
Yes, the US birth rate has been going down for some time. The impact that current immigration has on inflation is minimal, especially when you consider historic immigration into the USA and birth rates. If you want to include it into the top 20 reasons, maybe. Also we have had immigration spikes in the past, and we can look at the date for housing prices. The impact is very short term. Adding more immigrants has very little to do with the US debt issues, and most economists argue that in the long term increased immigration in the USA has been positive. If you want to go after spending and the debt, immigration is a very odd place to start to be honest with you.
All else remaining equal, sure. But nothing is that simple. Labor supply is also a limited resource. A major part of housing costs is labor supply and labor costs. Immigration increases the labor pool and because new immigrants accept lower pays they provide downward pressure on housing prices. I'm sure there are other factors. Have to consider all sides of the equation. It's probably also regional. Housing in the HOU area is pretty low thanks to a huge pool of workers in the housing industry at a low wage. If you look at housing prices over the last 50 years, you will see that prices were way above inflation from ~1970-early 1980 (~12%). From early 1980 to 2020, it's around core inflation (~2.5%). Overlay that with immigration population (which increases starting 1980) and you see that there is a negative to no relationship between housing price and immigration. Housing price history from 1967 through 2021 (in2013dollars.com) US immigrant population over time (usafacts.org)
I'm consistent here regardless of political sides. Those metrics tell us jack **** in terms of health of the economy for the common citizen. And I still can't buy my PS5.
Walmart had them briefly today... years ago my daughters wanted an Wi console and I ended up overspending on ebay to get one. I'd rather get a dewalt miter saw but different toys for different tastes...
You're only looking at this as though real estate is a fixed resource. Considering that many immigrants work in the construction industry they increase the availability of real estate by building more housing. They also reduce the long term costs of housing by both providing more labor input into the construction market and also by willing to work at more affordable wages. As someone who works in architecture I have first hand experience with projects being delayed and cost rising because of a lack of immigrant labor. In 2017 we suddenly had a shortage of drywallers that our GC said was due to anti-immigrant rhetoric coming out of DC that suddenly scared off a lot of the labor market. Debt and spending isn't just do to immigrants. There is plenty of spending and racking up debt by people of all immigration status and plenty of debt being racked across the ideological spectrum. Consider in just the last two years when immigration has been low and administrations of both parties have taken a harder line at the border spending has greatly increased.
Immigration, especially illegal immigration, has helped to keep inflation down considering they are willing to work for lower wages and use less government services because of fear of being deported.
The main thing is that inflation especially in gas prices is very noticeable. The other thing is that Democrats suck on messaging.
This and the vehicle sticker shock I think is what most people are pointing to for inflation. I would think people would be used to the yo yoing of gas prices. They’ve been much higher than today in the past and they came back down. The sudden surge in vehicle prices is something we haven’t experienced before. Somehow the global chip shortage is Biden’s fault though.
