God is a Capitalist

Showing posts with label affordability. Show all posts
Showing posts with label affordability. Show all posts

Tuesday, February 3, 2026

Deporting immigrants won't cheapen housing


National Conservatives offer terrible economic policies, but their worst has to be the claim that deporting illegal immigrants will raise wages and reduce house prices. The Daily Signal recently published an article making that claim. Here is a sample: 

"In this regard, immigration enforcement achieves two macro objectives at once: It makes America safer while also attacking the systemic affordability crisis.... The evidence is already compelling. The early economic returns on immigration enforcement are nothing short of stunning...

Thankfully, under President Donald Trump, real wages have risen every single month of his presidency...These gains result largely from at least 2.5 million illegal aliens leaving America...

Masses of illegal aliens crowd out citizens in the housing market. According to Apartment List, since Trump took office, national rent prices for Americans have actually declined by 1.4%. CNBC called the current trend “one of the more renter-friendly periods in a decade."

Monday, December 29, 2025

The affordability crisis will return Congress to the Democrats


Then consensus among commentators on Zohran Mamdani's victory in the New York City mayoral race is that young people turned out for him because of the high cost of living in the city. That could be true. Economics tends to be the main driver of politics. Voters turned to a socialist who promised to fix the problem. 

Of course, President Trump promised to fix inflation during his campaign, but he hasn't. The inflation rate is lower, but it has made many things like housing unaffordable for many. The "affordability crisis" will likely return control of congress to the Democrat party in the elections this fall. Can Mamdani succeed where Trump has failed? No. Here's why.

To cure inflation, a good doctor must know the cause of the illness. Aspirin won't cure cancer. Few politicians, Rand Paul excluded, understand money or inflation and don't want to be bothered with facts. Politicians appeal to voter emotions. The average U.S. citizen blames greedy businessmen for high prices and that's a good enough explanation for politicians.