Even with rising wages and falling mortgage rates, Americans can’t afford a home in more than 70 percent of the country. Out of 473 U.S. counties analyzed in a report, 335 listed median home prices more than what average wage earners could afford, according to a report from ATTOM Data Solutions. Among them are the counties that include Los Angeles and San Diego in California, as well as Miami-Dade County in Florida and Maricopa County in Arizona.
Naturally, realtors prefer a tight housing market driven, in part, by an unending influx of immigrants:
… swaths of America have seen local housing fundamentally altered by an influx of new immigrant groups—sometimes in surprising ways that fly in the face of prevailing narratives.
There are now about 42 million immigrants from just about every country in the world living in the U.S., making up about 13% of the overall population, according to the National Conference of State Legislatures. They’re a wildly diverse group, but they’re bound by a common desire: to build a better life for themselves and their families.
“Immigrants are a big driving force for housing markets across the nation,” says Kusum Mundra, an economics professor at Rutgers University, Newark. “Most want the American dream, which is to own a home.”
UPDATES (4/3/019): Kushner vs. Deplorables:
The 4% wage growth is hurting big business' bottom line. So the Chamber of Commerce, Koch Industries, Big Ag…etc. have been meeting w/ Kushner to expand legal immigration and make sure Americans never see a massive wage increase ever again.https://t.co/YWUygsG7XE
— Ryan James Girdusky (@RyanGirdusky) April 3, 2019
Instead of fixing border crisis, Jared proceeds with grand plan to increase immigration. https://t.co/u9BTk9zLzM "Kushner is considering increases in the number of low- and high-skilled workers, as well as permanent and temporary workers…" Leave out anybody? [via @keithkoffler]
— Mickey Kaus (@kausmickey) April 3, 2019
#FederationForAmericanImmigrationReform, whose president met with #Kushner, said that #Trump "plan to increase overall immigration is nothing more than a handout to businesses so they don’t have to compete for American workers and raise wages.” https://t.co/DnERXMP38N
— Ilana Mercer (@IlanaMercer) April 4, 2019
Oh my, it looks like Trump didn’t wow his voters in crucial swing states like Pennsylvania with tax cuts, prison reform, moving the embassy to Jerusalem, and his plan to bring in 100,000 foreign workers who will drive their wages down and put them out of work. I’m shocked. pic.twitter.com/PPsjiDJPVI
— Rural American (@MiaVendetta110) April 3, 2019