Let's contract rent prices by slowing immigration

[TheReal_ND]

This is a good plan. Find a flaw. Pro tip: you can't

[SuburbanFarmer]

:face palm:

[TheReal_ND]

[DBTrek]

Real estate and rent prices aren't driven by poor immigrants, but by those who buy property.
That's all the counter-argument needed.
Derp.

[Speaker to Animals]

Immigrants all live in tents and vans?

That's not a counterargument. Immigrants obviously come here and seek out housing, which drives up demand for housing.

[DBTrek]

Immigrants all live in tents and vans?

That's not a counterargument. Immigrants obviously come here and seek out housing, which drives up demand for housing.

http://q13fox.com/2017/05/10/more-chine ... s-a-whole/
Doesn't matter if they come here or not, our housing market is a global commodity.
Derp.

[Speaker to Animals]

Immigrants all live in tents and vans?

That's not a counterargument. Immigrants obviously come here and seek out housing, which drives up demand for housing.

http://q13fox.com/2017/05/10/more-chine ... s-a-whole/
Doesn't matter if they come here or not, our housing market is a global commodity.
Derp.

You are conflating wealthy foreigners buying up property (also a shitty deal for Americans) with low-income immigrants (often here illegally and causing a lot of other problems too) driving up rent prices in most areas.

Sure, wealthy foreign immigrants might drive up rent prices on upscale apartments in cities like New York and Chicago. But for every other part of America, you'd be silly to argue that the millions of immigrants who came here to take up low-skill jobs from Americans aren't driving up rent prices, especially for the low-income American workers most harmed by their immigration in the first place.

[DBTrek]

The immigrants live in the same place where wealthy non-citizens are buying up properties:
http://www.thedailybeast.com/20-us-citi ... immigrants

So it doesn't really matter if they're standing on the block or owning it from Taiwan.

[Speaker to Animals]

The immigrants live in the same place where wealthy non-citizens are buying up properties:
http://www.thedailybeast.com/20-us-citi ... immigrants

So it doesn't really matter if they're standing on the block or owning it from Taiwan.

You are conflating two totally different markets, DB. Wealthy foreigners are not buying up property that is even on the radar for the working class. Some Chinese guy buying penthouses in New York doesn't affect the rent prices for a two-bedroom basic apartment used by average workers, but those illegal immigrants sure as shit do compete for those apartments, driving up rent for them.

[DBTrek]

You're conflating the necessity for housing with the ability to purchase (aka "demand").
Showing up broke in America and needing a house doesn't drive up housing/rent prices.
Being able to actually buy or rent property does.
Thus foreign investors stashing their cash in the form of American real estate drives housing costs up considerably, where ten thousand penniless Mexicans appearing in El Paso does not.