Live data from Hacker News

Dallas Fed: 30% of housing cost increase driven by unauthorized immigration [pdf]

dallasfed.org

21–30 of 54 posts

Re: Dallas Fed: 30% of housing cost increase driven by unauthorized immigration [pdf]

#21
post #16

Earlier quoted context omitted.

I know it’s good for Blue Team redistricting, but I think we need to seriously reconsider the viability of moving every human on earth to 5 metro areas in the US.

Well it's those large metro areas that roll out the red carpet for them (assistance programs and sanctuary status), so I see no problem with it.

Higher-level governments elected by the electorate of a larger region are trying hard to make it explicitly illegal for those metro areas to do those things.

Re: Dallas Fed: 30% of housing cost increase driven by unauthorized immigration [pdf]

#22

In a properly functioning market, new supply would be built when there is new demand. Perhaps they should try to figure out why that isn't happening.

Pretty much the whole developed world is suffering excessive housing prices.

Whoever has the money to develop housing is in a position to exploit the scarcity as well.

Re: Dallas Fed: 30% of housing cost increase driven by unauthorized immigration [pdf]

#23
post #4

Undocumented immigrants "raised local house prices and rents without expanding housing supply" — obviously, since local governments of both parties hate anyone who doesn't already own and make it illegal to build more housing. Not an immigration problem, although obviously the Trump administration is trying to make it more expensive to build by deporting anyone brown regardless of whether or not they're lawfully pres…

[dead]

Re: Dallas Fed: 30% of housing cost increase driven by unauthorized immigration [pdf]

#24
Yes, a demand increase without supply increase causes prices to rise.

In other news, water is wet.

The fact that people are arguing over this is astonishing to me. Politics morphing into the religion of modernity is the worst thing that has happened this century thus far.

Re: Dallas Fed: 30% of housing cost increase driven by unauthorized immigration [pdf]

#25

In a properly functioning market, new supply would be built when there is new demand. Perhaps they should try to figure out why that isn't happening.

In Australia something similar happened with legal immigration going wild. Obviously there are issues of regulations and NIMBYsm which are far worst than in the US but also because construction unions opposed visas for construction workers, so there is a shortage while all kind of people with unnecessary jobs streamed into the country. The squeeze is from both sides of the political spectrum, asset holding class benefit from it financially and the left benefit from it electoraly by creating poverty and state dependency. No wonder extreme political groups from both ends of the political sides are gaining traction. Those politician betrayed the middle class and working class.

Re: Dallas Fed: 30% of housing cost increase driven by unauthorized immigration [pdf]

#26

Legal immigration also raise housing costs. And if we complain, we are labeled as racist.

Many (not all) of the people labeling this position as racist are themselves the immigrants. If you legally prevent someone from immigrating to your country, then the ability of the would-be immigrant to call you racist in a way that matters is severely curtailed (since they're not currently in your country, they might well not even be doing so in a language you speak).

Re: Dallas Fed: 30% of housing cost increase driven by unauthorized immigration [pdf]

#27

In a properly functioning market, new supply would be built when there is new demand. Perhaps they should try to figure out why that isn't happening.

Housing suffers from being based on a naturally scarce resource land. Markets drive prices higher but new land cannot be created

Re: Dallas Fed: 30% of housing cost increase driven by unauthorized immigration [pdf]

#29

unauthorized? Are they trying to find a middle ground word between "illegal" and "undocumented"?

Probably and it seems a good compromise to me. Under asylum law, "illegal" is technically wrong until the final judgement is rendered. And "undocumented" is IMO an obvious manipulation of language (you would not call a doctor practicing without a medical license "undocumented"). Pending a decision on legality, "unauthorized" seems both neutral and correct.

Re: Dallas Fed: 30% of housing cost increase driven by unauthorized immigration [pdf]

#30

The research is impressive in its granularity. However, they seem to simply assert causality. It would seem far more likely that people (illegal or not) move to areas experiencing economic booms that, among other things, is push up home prices.

This is a detailed study performed by experts. Do you believe they would overlook such obvious explanation?

I'm sorry, but your argument sounds like the typical HN oversimplification that leads people to say they could build Dropbox in a weekend.

Post reply on HN