As per his usual wont, Brandon Smith knows how to resolve it.
Three Steps To Solving The US Housing Crisis – Kick Out Illegal Immigrants First
America is in the midst of a stagflationary crisis; there’s no way around it. It doesn’t matter how much oil Joe Biden dumps on the market from the Strategic Reserves. It doesn’t matter how many jobs he is able to temporarily buy with the $8 trillion-plus covid stimulus package. It doesn’t matter how many times the mainstream media claims we are “in a recovery.” The fact is, the majority of Americans are being priced out of integral markets and the longer this goes on the deeper the hole is dug and the harder it will be for people to climb out.That’s how most economic disasters work; the populace is not dropped into the pit automatically, the pit grows up around them over time. We have seen worse conditions in the US in the past, including the Great Depression and the stagflation crisis of the 1970s. The people who think conditions are bad now haven’t seen anything yet (interest rates eventually climbed to 20% in the early 1980s, crushing borrowers). That said, there is a growing potential for today’s crisis to BECOME the biggest financial crisis in our nation’s history given a little more time.
Part of this ongoing problem is the heavy inflation in housing prices, and make no mistake, this IS one of the biggest threats facing middle-class America right now, which in turn affects people under the poverty line. Rental prices on the average American home have climbed to $2047 per month – The average in 2019 was $1465. That’s a 30% increase in housing costs in the span of four years.
The problem is not just higher prices, this is merely a symptom. There’s also falling availability across the nation.
So what can be done about this? I’ll rephrase the question – What solutions can be pursued that will have quick results rather than taking a decade or more with minimal benefits? The truth is, the solutions are simple, but they require actions that some people would consider “extreme” or contrary to their political aims.
Certain interests would do everything in their power to prevent such solutions from being achieved and that’s the ultimate obstacle. It’s not only that there are numerous instabilities within the economy, the greatest obstacles are the political groups and corporate cabals that will try to stop basic reforms from happening to alleviate the crisis.
These solutions would have to be enforced at the state level, because there’s NO WAY under the current federal regime that such measures would ever be allowed nationally.
No, there assuredly is not. As Brandon says, easing the economic (and social, and cultural) strain on Real Americans is no part of the true agenda of our malign ProPol Class; for them, said strain is a feature, not a bug. Their beliefs are NOT our beliefs, their hopes are NOT our hopes, their allegiances, affections, and goals ditto.
Yes, the Republicrat wing of the ruling Uniparty too. If there ever was a clear-cut case of “taxation without representation,” we’re living it—surrounded by it, besieged by it, in fact. Real Americans damned well better pull up their big-boy pants and wake up to the simple fact that, in Mordor On The Potomac, they have no friends, no allies, and no voice. Period fucking dot.
He’s right that the last desperate hope is at the State level, although I won’t speculate on the likelihood of success there. If that’s the only realistic hope remaining to us, though, then certainly it should be tried. A campaign aimed at bending local and State governments to the Real American will has the added appeal of being precisely the preferred path the Founders commended to their posterity when they penned the Constitution and Bill of Rights, also.
At any rate, the conclusion I reached long ago is inescapable: what we have is not a housing problem, not an inflation problem, not an economic problem, not even an illegal-alien problem. Ultimately, what we really have is a “liberal” problem. Which is to say, a Statist problem, or whatever else you want to call it. No need to quibble over names and labels at this late stage of the game, I shouldn’t think.
Good as Brandon’s ideas always are, unless and until Real Americans have mustered the ruthlessness, flinty-eyed resolve, and hardness of heart required to confront this central issue unflinchingly, the rest is just pissing in the wind. Think of the little Dutch boy with his finger stoppering the hole in the dyke and it’ll be perceptible to even the bleariest vision. That venerable old parable applies as well as any other, I reckon.
The run-up in housing prices is due largely to huge pools of money buying up housing to use for speculation - for one part, and the concentration of ownership into collectivized housing monopolies which can raise rent as much as they please. Add to this the increase in mortgage costs, a concomitant rise in foreclosures - with the foreclosed properties being snapped up for pennies on the dollar by predatory investors - and you have the basis for a housing crisis. And a lot of those investment properties are being held vacant, to harvest net operating losses (NOLs) as a tax shelter.
Immigration is not at the root of this crisis, the immigrants aren't making the income to even get in the market for rentals or sales. If there's a WEF "public-private partnership" involved, the immigrants may be housed in these properties at taxpayer expense - and "public-private partnerships" are a festival of graft and greed and kickbacks. Expecting legislation to solve this problem is somewhat unrealistic, when the "public" end of the "public-private partnership" - i.e. government and politicians - get tons of money by creating the problem in the first place.
Smith's Steps 2 and 3 do in fact address the problem, but again, there's the problem of conflicted, corrupt, and bought-off government, and elections which are easily faked to keep crooked governments in power.