ALL BLOG POSTS AND COMMENTS COPYRIGHT (C) 2003-2018 VOX DAY. ALL RIGHTS RESERVED. REPRODUCTION WITHOUT WRITTEN PERMISSION IS EXPRESSLY PROHIBITED.

Monday, April 15, 2019

Immigration and demand

Some researchers have managed to provide supporting evidence for the basic economic principle that increasing demand in excess of supply increases price.

19.21: immigrants as a share of population
17.71: 10-year percentage increase in housing prices

Keep in mind that these numbers are lower than they should be due to being artificially suppressed by the statistical artifacts of two debt-based housing crashes, as the researchers show both US and Spain showing a reverse correlation thanks to the big real estate crashes in 2008 and whenever the Spanish one took place.

Anyhow, the point is that the reason there are housing crises everywhere from Australia to the United Kingdom is immigration. It's just one more piece of evidence that mass migration is catastrophic for a national economy.

Labels: ,

34 Comments:

Blogger peacefulposter April 15, 2019 8:13 AM  

Immigration and foreigners in general have had a large impact on our real estate, as was discussed in an earlier thread. A foreign buyers tax, as has been implemented in certain Canadian provinces, is a good start but a complete ban on foreign buying would be better.

Blogger Mr.MantraMan April 15, 2019 8:21 AM  

I love those house shows, and one of the top tier shows is "Flip or Flop" and basically they buy and reno two types of houses those owned by recently deceased greatest gen or mexican and or immigrant flop houses.

And then the open house day is edited to show mainly white people or "Americanized" POCs and never jabbering immigrant hordes or their usual snakey broker showing up to make that offer. From my experience the last couple of years those snakey paper work American real estate agents will help snap the diversity fetish idiocy, our two agents wanted to put them face down in the ditches.

Blogger Irish Energy April 15, 2019 8:26 AM  

Next you'll be saying researchers have shown there are only 2 genders

Blogger Hbogbinder April 15, 2019 8:41 AM  

Immigrants supply labor and demand housing. Therefore housing prices in terms of wages increase. Immigration also should increase housing prices relative to other prices in the economy. An immigrant must purchase housing (assuming he isn't going live rough on the street), but purchases of other goods and services are discretionary. Immigrants send huge remittances back home. Almost by definition they supply more than they consume in goods and services outside of housing.

Blogger cecilhenry April 15, 2019 8:41 AM  

Canada has a disaster in housing from immigration. Its truly hell. And no one talks about it. NO one.



To ignore the role of the immigration invasion and White Genocide in the housing disaster isn't just irresponsible, its criminal.



http://www.eurocanadian.ca/2016/11/what-immigration-lobby-has-in-store-for-canadians.html


http://www.eurocanadian.ca/2017/05/once-again-obvious-solution-to-vancouver-housing-crisis-goes-unmentioned.html

Blogger Brick Hardslab April 15, 2019 8:56 AM  

My small town kept rental and housing prices up with illegal aliens. If course there are twenty per dwelling but the prices aren't in free fall anymore.

Blogger LES April 15, 2019 8:58 AM  

Yes. The iron law of supply and demand. An increase in labor lowers wages and an increase in population creates a housing shortage causing the price of real estate and rent to go up. Definition of a Third world country. However, the construction in my area is booming with the building of apartment buildings.

Is the housing industry the basis of the US economy? Consider all the material and appliances needed for new housing. Does immigration artificially keep the US economy afloat?

Blogger Honkler the Emotional Wreck April 15, 2019 8:58 AM  

I find the fact that you even have to state this as indicative how how completely delusional people have become in liberal western society. I actually had an exchange just three days past regarding the exact phenomena which was met with typical derision. The travesty of Clown World.

"Laugh clown, though your heart is breaking." But at least in the Laugh Clown, Laugh, Lon Chaney was succumbing to the natural order and a wholesome outcome and what he knew was a better outcome for the youth and future....

Honk honk....

Blogger Dave Dave April 15, 2019 9:00 AM  

London's housing crisis goes beyond unaffordable prices. There are thousands of uninhabited flats throughout the city that are worth hundreds of thousands of pounds. Vox has posted about this, too. When the areas in highest demand are all owned by big money investors or foreign investors, there must be regulations to reduce this. One method is to tax uninhabited residences the amount they would have to pay if they were renting it out.

Blogger Neil Patrick Carris April 15, 2019 9:10 AM  

Many folks in the cuckservative media speak of Australian immigration laws as being the envy of the west. This is simply not true. They are not strict at all. Sydney, Brisbane and Melbourne are mostly non-white. The Chinese have been buying up everything, and they dominate the universities.

Furthermore, there is rampant third world migration, especially from Sudan. The amount of crime in Melbourne has skyrocketed. They operate in large gangs and never get deported. There are tonnes of youtube videos exposing this but the usual excuses ensue.

What's worse is that self defense is illegal. In Melbourne and most other cities you can't carry a knife or pepper spray, let alone a firearm. Perfect cocktail!

Blogger Dave Dave April 15, 2019 9:16 AM  

To give Americans an understanding of the scale if the housing crisis in these countries, especially Canada, New Zealand and Australia, the countries most affected by Chinese immigration, it can take several decades to pay off a home loan. Many people in their 40s have given up trying to afford a home and accept that they will constant rent for the rest of their lives. Young people are unable to rent, and thus live with their parents well into their 20s. In Australia, it took efforts on behalf of both the Australian and Chinese governments diminishing the ability of Chinese investors to purchase property to end the price hike. Since the Chinese have been restricted in buying property, house prices have tumbled near 15% in around a year. This has not solved the problem, only reduced the top end prices that Chinese were outbidding natives at. For context, I live in an area where the average house price is 1.2-1.4 million. Its literally impossible to own a home without submitting to the banks, which are currently under a Royal Commission for grievous mishandling of money. You can't win.

Blogger JohnofAustria April 15, 2019 9:22 AM  

There's another side to it too, foreign money is using real estate as a way to exchange their own currecur for perceived safer assets. Chinese absentee purchasing is driving up both West Coast Canadian and Australian home prices.

Blogger JohnofAustria April 15, 2019 9:24 AM  

But isn't that also a problem, even if we leave out all the things they consume (like schools, roads, etc)? Like if they supply an asset, but dont spend their money on stuff we supply, aren't we worse off?

Blogger Roman Daoist April 15, 2019 9:35 AM  

Australia is having some significant declines in house prices at the moment. This.

House prices were going up for years/decades. Then there was over-development and now there are unit blocks everywhere and not enough people to fill them. An overshoot.

The globalists win so long as there's _instability_. They don't care whether house prices go up or down, as either way someone loses. The point is the _stress_, especially on Whitey. Migration is a means.

I'm thinking more of us need to get into politics.

Blogger pdwalker April 15, 2019 10:11 AM  

@5 Cecil, people are talking about it, just not openly.

If you speak against the narrative openly...

Blogger bobby April 15, 2019 11:07 AM  

Fortunately, in a global sense it's a zero-sum game.

If you hop over to Juarez (Mexico), you can find a ton of empty, low-rent homes and apartments available for immediate occupancy.

(You need to clean out the decapitated bodies yourself, though.)

Blogger Tars Tarkas April 15, 2019 11:20 AM  

Hbogbinder wrote:Almost by definition they supply more than they consume in goods and services outside of housing.
This implies there is no cost associated with having them here. Some of the costs are hidden, like increased insurance rates and the cost of their crime. Some of that cost isn't economic. Having a bunch of non-English speaking aliens in your community lowers your quality of life. Then there's the "white tax" of escaping diversity by having to move to escape this diversity.

Blogger BriarRabbit April 15, 2019 11:59 AM  

I stopped using the word "gender". There is no such thing. Sex. Male sex and female sex.

I also ceased using "gay". A man with a cock up his arse doth not happy make. They are sodomites.

"Gay marriage" doesn't exist. Only a Mmale and female can marry. Two women cannot have sex. Sexual intercourse is between a male and female and requires a penis inside a vagina. It often makes life.

Two dudes entering into a domestic contract is Anal Marriage.

Drives the $hitlibs nuts.

Bonus points if used in church.

Blogger Skyler the Weird April 15, 2019 12:07 PM  

When you have 20 migrants willing to live together in a two bedroom shack and split the rent it tend to devalue property yet drive up costs.

Blogger Dave Dave April 15, 2019 12:07 PM  

Roman Daoist, the Australian house prices are not falling because of overdevelopment. It is because of the Australian restrictions on buying land and Chinese restrictions on moving capital out of China. There are still too many people and not enough housing. The mass immigration has completely ruined the housing market and it might not recover for several decades.

Correction to my previous comment, the Royal Commission into the banks has concluded, and the recommendation was not even lukewarm. A pathetic investigation with no positive outcome.

Blogger Skyler the Weird April 15, 2019 12:09 PM  

They need to send immigrants to all those empty cities the ChiComs built in China.

Blogger CS April 15, 2019 12:31 PM  

" It's just one more piece of evidence that mass migration is catastrophic for a national economy"

You mean there is an economy other than in construction and real estate speculation?

Blogger Uncephalized April 15, 2019 12:44 PM  

You say that like it's a good thing--real estate prices are so inflated above 1960s levels that young people typically can't buy into the market at all. The Boomers who bought in the 60s and 70s, in their typical narcissistic way, don't even realize there is a problem because their wealth and status is riding the tide upward while everyone younger is stuck in the rental trap.

Prices NEED to freefall. Watch shows from the 50s and 60s and listen to when one of the characters is trying to buy a house. Nice houses in nice towns used to cost the equivalent of today's $15k-$30k. I.e. what a midlevel used car costs today.

The idea that real estate prices need or ought be propped up in any way is a Boomer myth. I don't care if they have to sell their mansions for a tenth of what they paid. Families raising children need to be able to afford homes in decent neighborhoods--or we'll see the continued disappearance of families, children, and neighborhoods altogether.

Blogger Calvin809 April 15, 2019 1:38 PM  

I'm my area all of the forms are being bought up and small houses are being built cramped in for about $330000 starting. That doesn't include the small amount of land you also but. They are about half the size of a house at that price about 5 years ago. You only need a 3% down payment now but the monthly mortgage you would pay is very high. Also trying to compete with everyone trying to get the cheapest "starter home" is also insane. You basically have to put an offer down before you even see it.

Blogger John Best. April 15, 2019 1:39 PM  

In every and all cases immigration/free trade is evil.

Blogger DonReynolds April 15, 2019 1:42 PM  

Millions of non-white young MEN are walking away from their home country to illegally enter the few white countries of the world.

Not a single one of them brings their own house to live in and none of the receiving countries have a crash program to build new houses. Yet they have all been promised a place to live. Yes, they have been promised YOUR HOUSE by the elites.

Almost none of the migrants bring their own women with them, nor is there any crash program to bring their wives or girlfriends to join them. Yet the elite in the white countries have promised them women. Yes, they have been promised YOUR wife, daughter, sister, mother.

None of the migrants have any job skills to mention and very few of them can speak the language, but they have been promised a job, should they ever tire of the generous welfare benefits. In a normal world, they would be considered unemployable, but the elites have promised them YOUR job.

Have you had enough of the elites in YOUR own country betraying YOU and everything you have to the migrants?

Blogger DonReynolds April 15, 2019 1:51 PM  

Skyler the Weird wrote:When you have 20 migrants willing to live together in a two bedroom shack and split the rent it tend to devalue property yet drive up costs.

That is not how it works. When a slumlord allows 20 migrants to live in a two-bedroom shack, they do not divide the rent, they multiply the rent. Around here, a shack that would work fine for a young couple with a toddler or two, may rent for $250 a month.

When the landlord decides to let 20 migrants move into the house, he collects $100 to $150 per head per month.

That is why it is young married people with little kids who are being squeezed out of the affordable housing. It has been that way for a few decades already and the flood over the border is only making it worse.

Blogger DonReynolds April 15, 2019 1:57 PM  

News item.....Notre Dame cathedral in Paris is burning right now. If it comes out that the Muslims burned it, that may be the spark we have been expecting.

Blogger ADS April 15, 2019 2:00 PM  

If you live in areas full of empty dwellings, check to see if your locality has "Adverse Possession" laws. I know the US has them, varied by state. It's derived from English common law so the Commonwealth countries might have something similar. Basically, if you live in and use a vacant property as if you owned it, openly and notoriously, for a set period of time, you get the deed to it. Maybe score some free real estate (it's free real estate!), maybe just annoy the absent foreign investors, either way it draws attention to the issue.

Blogger Don't Call Me Len April 15, 2019 3:14 PM  

Prices NEED to freefall.

Nothing, absolutely nothing, causes the black little hearts of the finance monkeys to quiver like the thought of deflation. It's so frightening you hardly ever hear the word, except in the most grave crisis. They will burn every bridge, empty every piggy bank, and sacrifice anyone to prevent such a catastrophe.

Blogger Hbogbinder April 15, 2019 4:12 PM  

As an aggregate, yes. GDP will go down. But the distributional consequences are more important, at least if you share the ideology and priorities of most of the people in this comments' section. Wage in the -- I don't want to say "low skill", because I think many of our "high status" jobs aren't really higher-skill than mowing lawns -- "uncredentialed" sector will go up, due to constrained supply of uncredentialed labor. Prices of services produced by "uncredentialed" labor will go up. The losers therefore are the wealthy "credentialed" who consume a disproportionate share of "uncredentialed" services (mowed lawns, bussed tables, etc), and the recipients of remittances overseas. The winners are non-immigrant suppliers of "uncredentialed" services, who are also in the main competing for the same housing stock with immigrants. This leaves aside, as you point out, the implications for the fisc.

Blogger OneWingedShark April 15, 2019 6:50 PM  

cecilhenry wrote:Canada has a disaster in housing from immigration. Its truly hell. And no one talks about it. NO one.

To ignore the role of the immigration invasion and White Genocide in the housing disaster isn't just irresponsible, its criminal.

I have a solution: Use the Army! — Of course, the media would get all up in arms, wailing about the terrible unfairness, the iron-handed tyranny, and the absolute inhumanity of using the military to address the observable invasion.

Uncephalized wrote:You say that like it's a good thing--real estate prices are so inflated above 1960s levels that young people typically can't buy into the market at all. The Boomers who bought in the 60s and 70s, in their typical narcissistic way, don't even realize there is a problem because their wealth and status is riding the tide upward while everyone younger is stuck in the rental trap.

Prices NEED to freefall. Watch shows from the 50s and 60s and listen to when one of the characters is trying to buy a house. Nice houses in nice towns used to cost the equivalent of today's $15k-$30k. I.e. what a midlevel used car costs today.

The idea that real estate prices need or ought be propped up in any way is a Boomer myth. I don't care if they have to sell their mansions for a tenth of what they paid. Families raising children need to be able to afford homes in decent neighborhoods--or we'll see the continued disappearance of families, children, and neighborhoods altogether.

You're absolutely right.
The Boomers will never allow such a de-valuation of their property — it's theirs and even if they were going to sell it and spend all their money before their children could inherit it, well, they're just too big to fail — and that's one reason they love immigrants: inflating the demand for housing means they're inflating the price of their own properties. Culture, society, and posterity be damned.

There's a lot of people who give Millennials a ton of shit for not having their own house (possibly living with their parents), not being married, not having a [good] job — and a dozen years ago I might have agreed, nowadays though it just breaks my heart: I've seen the ridiculous "10-years experience" entry-level jobs, I've experienced how hard it is to get a job, I've seen how absurd housing [or renting] prices are, and I've seen how incredibly unmarriageable a large portion of young women are today.

These three videos paint the picture very well: No Work, Live With Parents, No Marriage, Young Men Have Been Left Behind, Young Men Have Legitimate Grievances, Are Young Men Ready For A Mass Movement?.

Blogger JohnofAustria April 16, 2019 11:57 AM  

Ok, gotcha, thanks for clarification. I thought you were saying it was somehow good that the immigrant labor pool was supplying more, while consuming less native product.

And yes, agreed and tracking.

Blogger Uncephalized April 19, 2019 11:57 AM  

@32 OneWingedShark it's a perfect shitstorm in my generation. Raised by narcissistic cucks, fed post-racial feminist propaganda from the cradle, many of us from broken homes or left in daycare by two working parents, taught to believe that college was a necessity rather than a vocation of the elite, coddled and participation-trophied into a fragile ego completely detached from ability or value, detached from tradition, desensitized to promiscuity and violence while simultaneously bubble-wrapped against actual physical hardship, saddled with debt in what should be our freest years and dumped unceremoniously into a labor market with no room for us.

This is not by way of complaint--more an expression of amazement at how lost we are. And to wonder at the fact that we haven't revolted. I guess the porn and video games are good enough panem et circenses to keep us docile when paired up with the way we were taught that girlish passivity was virtue and masculine assertiveness, evil.

I used to hate God but now I thank Him that I am able to see these problems and have been afforded the strength to begin what I am sure will be a lifelong struggle to shrug off the useless dead weight of modern anti-culture in pursuit of something eternal and worthwhile. Parenthood is helping with that, a great deal. Which only makes me lament all the more how few of us are achieving it.

Post a Comment

Rules of the blog
Please do not comment as "Anonymous". Comments by "Anonymous" will be spammed.

<< Home

Newer Posts Older Posts