This week, New York Magazine acknowledged that large-scale immigration to the country is really “bad for housing prices” for Americans searching for reasonably priced single-family houses.
The left-wing publication’s admission comes as years of study has found that the country’s admittance of over a million legal immigrants yearly, along with the millions of illegal aliens, contributes to the skyrocketing housing costs for working- as well as middle-class Americans.
“However, housing is a crucial industry where immigrants raise demand.” Eric Levitz, a writer for New York Magazine, acknowledged that “people are in need of homes.”
Levitz contends that in spite of massive immigration being “bad for housing cost,” the United States should make mass immigration “work” by rewarding real estate developers with the abolition of local zoning regulations and the quick development of multi-family complexes in single-family communities, contrary to what the majority of Americans desire.
“In a world of restricted zoning as well as housing shortages, the anti-immigrant narrative of the nationalist right achieves a modicum of plausibility: If the availability of housing units is primarily fixed permitting immigrants to come into your city is going to decrease the housing security for the native-born,” Levitz claims:
“Massive immigration stresses everyday people when housing development does not keep pace with population increase. That will cause political challenges in even some of the most cosmopolitan of places, as recent events in New York demonstrate. Both the New York Times and the Wall Street Journal, which support increased immigration, have recently made similar confessions.”
Similar criticism of the problem of mass immigration pushing up housing prices for Americans has come from Senator J.D. Vance (R-OH), who told Breitbart News that the strategy of importing millions each year is comparable to “economic warfare.”
“Consider the consequences on working Americans’ income of having 10 million additional individuals vying for employment who should not be here,” Vance added. “When you need to accommodate 10 million individuals who shouldn’t be living here, the cost of housing increases at a time when mortgage rates are already sky-high. Consider what this does to home prices.”
“The main issue here is the stealing of the American dream from American folks, which is why we must continue to resist it,” he said. “This is economic warfare.”
The report acknowledged that “the 40 million immigrants who live in America represent a significant purchasing class, indicated by their need for housing, and their need for all other locally produced services and goods,” which boosts the value of houses in areas all across the nation.”
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