Saturday, November 15, 2025

J.D. Vance, Again Feigning Ignorance



A podcaster who is running for the US House of Representatives from Missouri is right about immigrants and investors and wrong about a remark being complete nonsense. The Cato Institute, which is as a libertarian organization is wrong about almost everything
On the blog of the Cato Institute, as a libertarian organization wrong about almost everything, points out

As a libertarian organization, the Cato Institute is wrong about almost everything. However, one of its bloggers notes that a disproportionate percentage of immigrants works in the construction industry but

all immigrants demand housing. Even immigrants who work in construction increase housing demand first before they can construct more housing. That increase in demand drives up prices and incentivizes new supply through further construction, renovation, or increasing the supply of rental units through other means. However, the marginal immigrant increases housing demand more than he increases housing supply.

Thus, immigrants do place some upward pressure on housing prices. However, the tweeter without a first name is correct:

         


These, and several other, are the reasons for our chronic shortage of housing. Please inform J.D. Vance. 


Name-checking Springfield, Ohio, Vance argued also during the presidential campaign that the demand for housing by illegal immigrants is pushing upward the cost of homes. Nobody asked him how those individuals without a Social Security card were able to obtain a home mortgage loan. Nor is it likely they'd be able to pay for a house with cash, no matter how much they were saving on food bills in Springfield with their cat-focused diet.



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