|
|
|
|
|
by _zagj
224 days ago
|
|
> Maybe (being very generous to him) Biden didn't do a tradeoff between inflation vs employment... maybe the gamble was that increased immigration would boost the economy enough that citizens were not as bothered by the immigrants. > In other words, the very valid "its' the economy stupid" theory would imply that if people can comfortable provide for themselves and their families, they'd be less bothered by what they saw as competition for jobs. Have you not looked at Canada recently? They've done exactly what you're suggesting, and the result is a country that is now completely unaffordable for Canadians, with the median home price now over $800k. Is that the kind of future you want for Americans? |
|
I'm not at all familiar with Canada, but a Google AI overview for "canada housing affordability crisis due to immigration" suggests that immigration is one of the smaller factors (11%?) in driving house prices up. The citations include these:
https://www.canada.ca/en/immigration-refugees-citizenship/co...
https://www.torontomu.ca/diversity/news-events/2025/07/immig... (Probably the study referenced above.)
As an aside, as a resident of the Bay Area where the housing market is probably the most twisted of them all, I would kill to find a $800K home!!