Let's contract rent prices by slowing immigration

User avatar
Speaker to Animals
Posts: 38685
Joined: Wed Nov 30, 2016 5:59 pm

Re: Let's contract rent prices by slowing immigration

Post by Speaker to Animals » Fri Aug 11, 2017 12:37 pm

DBTrek wrote: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.

We are talking about rent, not housing prices, DB.

"Let's contract rent prices by slowing immigration"

You oppose that proposition on the basis that immigration does not affect rent.

Yes, it actually does. There exist only so many vacant affordable apartments for rent in a given market, and every illegal immigrant family that moves into the region increases the demand for those units by one. The higher demand for those units, the higher the landlords can charge rent (and they will raise rents).

User avatar
DBTrek
Posts: 12241
Joined: Wed Jan 25, 2017 7:04 pm

Re: Let's contract rent prices by slowing immigration

Post by DBTrek » Fri Aug 11, 2017 12:44 pm

Speaker to Animals wrote:We are talking about rent, not housing prices, DB.
Two heads of the property market, subjected to the same pricing factors.
You oppose that proposition on the basis that immigration does not affect rent.

Yes, it actually does. There exist only so many vacant affordable apartments for rent in a given market, and every illegal immigrant family that moves into the region increases the demand for those units by one. The higher demand for those units, the higher the landlords can charge rent (and they will raise rents).
If the immigrants can't afford the rent, then they are non-players in the valuation of the property/rent market. So the OP assertion is ludicrous unless you're also willing to state that the immigrants crossing our borders ALSO largely have the means to out-bid the local citizens who are already established and working in the area.

Image
C'mon guys, let's drive up the cost of rent in Phoenix by bartering these water jugs!

Needing a housing, without the means to pay for housing, affects the market not at all.
"Hey varmints, don't mess with a guy that's riding a buffalo"

User avatar
Speaker to Animals
Posts: 38685
Joined: Wed Nov 30, 2016 5:59 pm

Re: Let's contract rent prices by slowing immigration

Post by Speaker to Animals » Fri Aug 11, 2017 12:45 pm

They can't afford rent? Where do you think they live, in the bushes?

Illegal immigrants actually do pretty well here. They don't pay taxes, really. They get free services that you don't get. They come out pretty far ahead of the workers they displaced. They find places to rent just fine.

User avatar
DBTrek
Posts: 12241
Joined: Wed Jan 25, 2017 7:04 pm

Re: Let's contract rent prices by slowing immigration

Post by DBTrek » Fri Aug 11, 2017 12:49 pm

Although not specifically focused on children, some research shows that recent immigrants are more likely than more settled immigrants to live in extended families. Such arrangements more often involve lateral extension (for example, co-residence with a relative from a similar stage in the life course, such as a sibling) than vertical extension (co-residence of adults with their parents) because immigrants often leave older family members behind in the country of origin.

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3241619/
Most of them live collectively or with family, in already established housing.
Thus their appearance doesn't even make a blip on the housing/renting market radar.
"Hey varmints, don't mess with a guy that's riding a buffalo"

User avatar
SuburbanFarmer
Posts: 25287
Joined: Wed Nov 30, 2016 6:50 am
Location: Ohio

Re: Let's contract rent prices by slowing immigration

Post by SuburbanFarmer » Fri Aug 11, 2017 12:52 pm

Image
SJWs are a natural consequence of corporatism.

Formerly GrumpyCatFace

https://youtu.be/CYbT8-rSqo0

User avatar
TheReal_ND
Posts: 26035
Joined: Wed Nov 30, 2016 6:23 pm

Re: Let's contract rent prices by slowing immigration

Post by TheReal_ND » Fri Aug 11, 2017 1:00 pm

The OP was immigrants not my supposed favorite whipping boy le poor Mexican peasants.

Immigrants fill every apartment in Houston. This is fact.

User avatar
DBTrek
Posts: 12241
Joined: Wed Jan 25, 2017 7:04 pm

Re: Let's contract rent prices by slowing immigration

Post by DBTrek » Fri Aug 11, 2017 1:05 pm

Ah, ok.
Well, if you're talking about legal immigrants (professionals here on Visas) and naturalized citizens, sure.
More legal competitors with the means to afford housing will drive up pricing.
No doubt.
"Hey varmints, don't mess with a guy that's riding a buffalo"

User avatar
TheReal_ND
Posts: 26035
Joined: Wed Nov 30, 2016 6:23 pm

Re: Let's contract rent prices by slowing immigration

Post by TheReal_ND » Fri Aug 11, 2017 1:07 pm

Yeah I thought that was clear when I said immigrants. Perhaps I should have specified immigrants of all stripes.

User avatar
Speaker to Animals
Posts: 38685
Joined: Wed Nov 30, 2016 5:59 pm

Re: Let's contract rent prices by slowing immigration

Post by Speaker to Animals » Fri Aug 11, 2017 1:08 pm

DBTrek wrote:
Although not specifically focused on children, some research shows that recent immigrants are more likely than more settled immigrants to live in extended families. Such arrangements more often involve lateral extension (for example, co-residence with a relative from a similar stage in the life course, such as a sibling) than vertical extension (co-residence of adults with their parents) because immigrants often leave older family members behind in the country of origin.

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3241619/
Most of them live collectively or with family, in already established housing.
Thus their appearance doesn't even make a blip on the housing/renting market radar.

It doesn't say what you said. It says they were more likely to live in extended families, not that most of them live in established housing. If just 1% more of them lived in extended families then they would be "more likely to live in extended families", but it wouldn't follow that most of them live like that.

You took liberties with a research paper to make a point you knew you couldn't defend.

User avatar
DBTrek
Posts: 12241
Joined: Wed Jan 25, 2017 7:04 pm

Re: Let's contract rent prices by slowing immigration

Post by DBTrek » Fri Aug 11, 2017 1:14 pm

No, I used citations to illustrate the validity of my points.
And as usual, you've offered nothing but your own unsubstantiated opinions.

So . . . whatevs.
/shrug
"Hey varmints, don't mess with a guy that's riding a buffalo"