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.
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.
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.