Re:Canada bans most foreigners from buying homes
by JoeAltmaier on Tuesday January 03, 2023 @11:33AM
(#34233666)
That seems unlikely. A difference of a million or so out of 350 million Americans is not going to have much impact on stabilizing housing. Further, poor immigrants are not buying houses. Perhaps we have to look at regulating foreign buyers, you know, folks with money. But blaming immigrants seems misplaced.
[ Parent
| on HN ]
Re:Canada bans most foreigners from buying homes
by AuryGlenz on Thursday January 05, 2023 @01:41AM
(#34256817)
"Last year, 912,000 single-family homes were built, according to building permit data from the US Census. The US population grew by more than 3 million people in that time."
https://usafacts.org/articles/population-growth-has-outpaced...
Cutting that population growth by 1/3rd (or more, really, considering children) sure would help that number, would it not? A huge, huge portion of our population growth is due to illegal immigration.
Re:Canada bans most foreigners from buying homes
by randomopining on Thursday January 05, 2023 @10:27AM
(#34260972)
It's more than a million. And there are delayed effects, like family members coming and of course a higher reproductive rate. Just more people to house in general. Of course immigration is a good thing overall, but let's get skilled workers in first and then fill the rest of the space fairly.