The U.S. is in a massive housing bubble

Article Title: The Housing Market Is a Bubble Full of Fraud, and It’s Going To Pop
Snippet of Article: "...Prices are artificially high due primarily to the downstream effects of financialization. Localized supply and demand dynamics — which today are also downstream of financialization — are a mess. Decades of housing subsidies, down payment assistance, artificially low interest rates, money printing and endless bank support have turned the American home into a financial product first and a place of shelter second. The extent of the distortion is unprecedented, ..."

Source: www.strongtowns.org

[tag] Housing affordability crisis, housing bubble, [/tag]

illegal immigration crisis is contributing to lack of affordable housing in US

Article Title: Musk says illegal immigration crisis is contributing to lack of affordable housing in US
Snippet of Article: "...Billionaire Elon Musk weighed in on the economic impacts of illegal immigration in a series of posts on social media as he criticized the Biden administration's handling of the border crisis. Musk took to X to call out a variety of services and benefits that illegal immigrants have access to in the U.S. and argue they're contributing to the housing affordability crisis. A few other things you probably don't know: illegals in America can get bank loans, mortgages, insurance, driver's licenses, free healthcare (California, New York) and in-state college tuition, Musk wrote. What's the point of being a citizen if an illegal gets all the benefits, but doesn't pay taxes or do jury duty? If you're wondering why housing is so expensive, this is a major contributor..."

Source: www.foxbusiness.com

[tag] Root Causes of Inflation, The Democrat Years, Bidenomics, Housing affordability crisis, Destruction of Retirees, [/tag]