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.