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To: SheLion

This is why housing prices are rising at ridiculous rates.


5 posted on 09/12/2004 1:16:22 PM PDT by Podkayne
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To: Podkayne
This is why housing prices are rising at ridiculous rates.

Why is that? If these immigrants are Muslim, then they are staying at the Mosque's and their friends scattered across the United States.

7 posted on 09/12/2004 1:18:38 PM PDT by SheLion
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To: Podkayne

Here's how it works: the huge influx of immigrants, legal or illegal, depress per capita wages but raise overall income, which increases aggregate demand. This solves the old problem...how can workers buy your products if their wages are so low? easy...keep wages low but add lots of workers. At the same time, the new immigrants keep the demand for real estate at astronomical levels, since they tend to cluster in areas where the rich own property. The social and economic costs of cheap labor are passed on to the middle class...we get to pick up the cost of their health care and other welfare benefits, subsidising the cheap wages with our tax dollars. It's the American elite's version of economic Heaven.


22 posted on 09/12/2004 1:50:09 PM PDT by CAPTAIN PHOTON
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