Heritage Foundation
·
Published
July 12, 2024

Why an Open Border Means More Expensive Housing

Conservative
Commentary
·
Immigration
Share this article

Summary

  • EJ Antoni at Heritage Foundation argues that the influx of millions of illegal aliens into the United States over the last 3½ years has significantly increased housing demand, leading to skyrocketing home prices as basic economics dictate that increased demand raises prices.
  • The article asserts that while many blame the housing crisis on government overspending and interest rate manipulation, few recognize the role of open-border policies in escalating home prices, highlighting that curbing illegal immigration is necessary for housing market stabilization.

Overview:

This article was written by EJ Antoni at Heritage Foundation and highlights the following key insights:

  • The surge in illegal immigration over the past 3½ years has significantly increased housing demand in the United States.
  • To stabilize the housing market, the entry of illegal aliens must be curtailed.

Key Quotes:

  • "Anyone who thinks you can explode the demand for housing by 80% to 100% and not cause prices to go through the roof is delusional."
  • "If Americans want their housing market to stabilize, the flood of illegal aliens across the southern border must cease."

What They Discuss:

  • The current housing affordability crisis is partially attributed to government overspending and manipulation of interest rates.
  • The influx of millions of illegal aliens has exacerbated housing demand, particularly in states that provide additional housing assistance to illegal aliens.
  • Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, acknowledges that increased housing demand raises prices—aligning with basic economic principles.
  • The article disputes claims that illegal aliens have driven down housing prices by working in residential construction, noting a lack of empirical evidence to support this notion.
  • The influx of illegal aliens under the Biden administration has elevated housing demand, comparable to doubling the populations of entire states like Georgia or North Carolina.

What They Recommend:

  • Halt the influx of illegal immigrants to mitigate increased housing demand.
  • Enforce existing laws to remove those who have entered the country illegally.
  • Prioritize American citizens in the formulation and implementation of housing policies.

Key Takeaways:

  • The significant increase in housing demand due to illegal immigration has contributed to rising housing prices.
  • For housing market stabilization, it is crucial to control and reduce illegal immigration.
  • The radical left's open-border policies are seen as a significant factor in inflating housing costs, alongside government fiscal policies.
  • Addressing the issue requires both halting the influx and removing those already in the country illegally to restore market balance and uphold the rule of law.

This is a brief overview of the article by EJ Antoni at Heritage Foundation. For complete insights, we recommend reading the full article.

Related articles

All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
Can Maduro Pull off the Mother of All Electoral Frauds?
Center for Strategic and International Studies
·
Nov 18, 2023

Can Maduro Pull off the Mother of All Electoral Frauds?

Summary
  • Ryan C. Berg and Christopher Hernandez-Roy at Center for Strategic and International Studies analyze that Venezuela's recent elections showcased a blatant electoral theft by President Maduro, who manipulated election conditions, barred opposition candidates, and used repression to secure a disputed victory over Edmundo González.

  • The article asserts that the Maduro regime’s fraudulent actions, including blocking international observations and harassing opposition supporters, risk severe international isolation and a possible constitutional crisis if vote tabulations are not transparently released, undermining any claims to democratic legitimacy.
Leans Right
Commentary
·
International Affairs
Read summary
(1 min.)
-->
Why Is It So Hard for China to Boost Domestic Demand?
Carnegie Endowment for International Peace
·
Nov 18, 2023

Why Is It So Hard for China to Boost Domestic Demand?

Summary
  • Experts at the Carnegie Endowment for International Peace argue that China's Third Plenum communiqué remains vague on demand-side measures, even though boosting consumption is widely seen as crucial for sustainable growth.

  • The analysis suggests that despite consensus on the need for stronger consumer demand, Beijing faces challenges in shifting from an investment-driven economy due to long-standing transfers that benefit manufacturing, infrastructure, and local governments at the expense of households.
Liberal
Commentary
·
U.S.-China Relations
Read summary
(1 min.)
-->
A Cosmopolitan Case against World Government
Cato Institute
·
Nov 18, 2023

A Cosmopolitan Case against World Government

Summary
  • Ilya Somin at Cato Institute argues that supporting globalization and opposing world government are not contradictory positions because a world government could worsen voter ignorance, hinder foot voting, and potentially spiral into catastrophic authoritarianism.
  • The article asserts that world government is unnecessary for solving global issues and could suppress beneficial diversity and competition between nations. Instead, voluntary cooperation among major powers can address international challenges effectively.
Libertarian
Report
·
U.S. Government & Politics
Read summary
(1 min.)
-->
Project 2025 Compels Local Prosecutors To Enforce Extreme Right-Wing Laws
Center for American Progress
·
Nov 18, 2023

Project 2025 Compels Local Prosecutors To Enforce Extreme Right-Wing Laws

Summary
  • Lindsey McLendon at Center for American Progress argues that Project 2025 aims to dismantle the U.S. system of checks and balances, granting politicians, judges, and corporations increased control over Americans' lives by enforcing extreme right-wing policies through the U.S. Department of Justice.
  • The Center for American Progress asserts that Project 2025 would pressure local district attorneys to enforce severe abortion bans and other restrictive laws, exacerbating the maternal health crisis and reducing access to essential reproductive healthcare, particularly in states with already high maternal mortality rates.
Progressive
Article
·
U.S. Politics
Read summary
(1 min.)
-->
Trump chose Vance to reinforce his message
Brookings
·
Nov 18, 2023

Trump chose Vance to reinforce his message

Summary
  • Elaine Kamarck at Brookings writes that in selecting Senator J.D. Vance as his running mate, Donald Trump aimed to solidify his hard-right agenda, emphasizing Vance's alignment with Trump's core messages and MAGA base.
  • The article examines how Trump's choice of Vance follows the "reinforcing model" of vice-presidential selection, where the VP candidate strengthens the presidential candidate's message and governance, rather than providing a traditional ideological or geographic balance.
Leans Left
Commentary
·
2024 U.S. Elections
Read summary
(1 min.)
-->
No results found.
Original Read Time
9 min
Organization
The Brookings Institution
Category
Israel-Gaza War
Political Ideology
Center Left

We make expert analysis of current events
simple and accessible for all.

Join us in elevating our public discourse.