Mostly to avoid having infrastructure and social safety networks overwhelmed. Yes, you will also see wages be depressed by large-scale immigration, but that’s something that could–in theory–be controlled by strengthening unions and labor regulations. That’s not where we are though; right now, unions and labor regulations are fairly weak, and are being gutted by courts even as the NLRB tries to strengthen them.
Housing takes time to build, and good city planning is necessary to ensure that cities are sustainable rather than being sprawls. (Not many cities do that, BTW; it’s usually, “oh, we’ll just add another lane to the existing 20 lane interstate”). Given that we’re currently in a situation where there’s insufficient low- and middle-income high density housing, and few companies are willing to build any more, competition for most of the immigrants that we’re seeing–people that are trying to get away from deep economic woes–would be fierce for housing.
I don’t think this is actually true. At least in my area, developers would LOVE to build condos and apartments all over the place, but local laws are holding them back.
I suppose even in a perfectly willing area that upgrades its infrastructure to support more people, you don’t want to move people in too quickly, before that infrastructure is available. But it’s easy to see that become a self fulfilling prophecy: we don’t take immigrants because we don’t have the infrastructure, and we don’t build the infrastructure because there’s no demand for it.
Immigrants would be better served by unprofitable low income housing, not feeding their meager scraps to pay artificially inflated rent prices to an offshore real estate investment company.
AFAIK, the issue around me is largely profitability. You can buy up acres if land, chop it up into 1/2ac parcels, quickly build cheap “luxury houses”, and sell them for 2-3x your costs, easily earning $200k+ per house sold (“Coming soon, from the low $400s…!”). And it’s all with fairly minimal regulation, compared to building high-density housing in existing cities. Compare and contrast that with building low- and middle-income high-density housing, where you’re going to end up managing it as apartments (probably not condos; that’s uncommon in my area); that means that you’re in the red for a larger number of years before you pay back the initial costs of construction, since the profitability comes through rents.
Maybe I’m wrong; all I can comment on is the kind of building that I’m seeing in my area, and the way that the closest city–which was originally about 90 minutes away–is now alarmingly close.
Of course, and I agree (…even as I’m looking at buying a few hundred acres of land in a desert three hours away from any town over 1000 people…). But you’ve got a lot of incentives working against that.
The town I’m in is starting to be a suburb of the city 90 minutes away; the town wants these people, and their homes from the low $400s, because that’s more tax base; they pay property taxes that the town wouldn’t otherwise have. So my town is happy–kind of–to be part of the problem.
That’s the big issue in my area. The city and it’s lovely corporate-sucking politicians keep putting out ‘information’ about the city being “X% developed!” The only thing being developed is more strip malls and high cost houses. Everything green and natural is disappearing. It’s all single-family sprawl, with only a few super-high luxury apartments scattered about and maybe 2-3 apartment buildings that anyone on a lower budget could afford. The politicians get their greedy fingers into higher tax revenues, the developing/building corporations sit back and suck up investor money, and investors get to suck up their profits because housing is relatively scarce and the cost for properties shoots through the roof.
Mostly to avoid having infrastructure and social safety networks overwhelmed. Yes, you will also see wages be depressed by large-scale immigration, but that’s something that could–in theory–be controlled by strengthening unions and labor regulations. That’s not where we are though; right now, unions and labor regulations are fairly weak, and are being gutted by courts even as the NLRB tries to strengthen them.
Housing takes time to build, and good city planning is necessary to ensure that cities are sustainable rather than being sprawls. (Not many cities do that, BTW; it’s usually, “oh, we’ll just add another lane to the existing 20 lane interstate”). Given that we’re currently in a situation where there’s insufficient low- and middle-income high density housing, and few companies are willing to build any more, competition for most of the immigrants that we’re seeing–people that are trying to get away from deep economic woes–would be fierce for housing.
I don’t think this is actually true. At least in my area, developers would LOVE to build condos and apartments all over the place, but local laws are holding them back.
I suppose even in a perfectly willing area that upgrades its infrastructure to support more people, you don’t want to move people in too quickly, before that infrastructure is available. But it’s easy to see that become a self fulfilling prophecy: we don’t take immigrants because we don’t have the infrastructure, and we don’t build the infrastructure because there’s no demand for it.
I don’t think anyone wants to make a brand new condo and try to full it full of fresh immigrants that other businesses are exploiting to pay less.
They want to develop 1 set of condos they can sell for $300k+ rather than 3 sets for $100k
Yeah, immigrants would be better served by apartments
No. No, that’s not it at all.
Immigrants would be better served by unprofitable low income housing, not feeding their meager scraps to pay artificially inflated rent prices to an offshore real estate investment company.
Well duh. In fact, they’d be better served by FREE housing!
In the realm of realistic solutions, apartments.
Fun fact! My coworker pays more in rent for his apartment than I do on the mortgage of my house. Most often this is true.
I’m getting a once over by the bank, he’s getting done once over by the bank and again by his landlord, and they might not ever be different.
So how is an immigrant supposed to thrive when a foreign investment firm is profiting off them twice?
Subsidize affordable housing, tax wholesale & foreign landlords out of existence. It’s simple.
It’s a pipedream.
It is with that attitude
AFAIK, the issue around me is largely profitability. You can buy up acres if land, chop it up into 1/2ac parcels, quickly build cheap “luxury houses”, and sell them for 2-3x your costs, easily earning $200k+ per house sold (“Coming soon, from the low $400s…!”). And it’s all with fairly minimal regulation, compared to building high-density housing in existing cities. Compare and contrast that with building low- and middle-income high-density housing, where you’re going to end up managing it as apartments (probably not condos; that’s uncommon in my area); that means that you’re in the red for a larger number of years before you pay back the initial costs of construction, since the profitability comes through rents.
Maybe I’m wrong; all I can comment on is the kind of building that I’m seeing in my area, and the way that the closest city–which was originally about 90 minutes away–is now alarmingly close.
Sprawl sucks. Density is what we should be promoting.
Of course, and I agree (…even as I’m looking at buying a few hundred acres of land in a desert three hours away from any town over 1000 people…). But you’ve got a lot of incentives working against that.
The town I’m in is starting to be a suburb of the city 90 minutes away; the town wants these people, and their homes from the low $400s, because that’s more tax base; they pay property taxes that the town wouldn’t otherwise have. So my town is happy–kind of–to be part of the problem.
That’s the big issue in my area. The city and it’s lovely corporate-sucking politicians keep putting out ‘information’ about the city being “X% developed!” The only thing being developed is more strip malls and high cost houses. Everything green and natural is disappearing. It’s all single-family sprawl, with only a few super-high luxury apartments scattered about and maybe 2-3 apartment buildings that anyone on a lower budget could afford. The politicians get their greedy fingers into higher tax revenues, the developing/building corporations sit back and suck up investor money, and investors get to suck up their profits because housing is relatively scarce and the cost for properties shoots through the roof.