Democrats’ central planning enables housing shortage
The fundamental cause of Colorado’s soaring housing costs is government restrictions on the supply of housing in the context of an influx of new residents. Other things matter too, but that’s most important. It’s simple economics: When more people want something of limited supply, they bid up the price. The long-term solution is, in theory, equally simple: If we want cheaper housing, we need more houses....
... various Colorado Democrats, led by central-planner wannabe Attorney General Phil Weiser, have declared war on the law of supply and demand, scapegoated property owners with rentals, and discouraged the efficient use of housing, thereby making the problem they pretend to care about worse....
As the Colorado Sun reported last Summer, “Colorado’s population grew at nearly twice the rate of the rest of the nation between 2010 and 2020, putting it among the fastest-growing states. . . . While the nation’s population grew only 7.4% over that period, Colorado saw nearly 15% growth.” Meanwhile, census data suggest that housing units in Colorado went up only from around 2,215,000 in 2010 to 2,464,000 in 2019, an 11% increase, clearly not enough to prevent sharp price increases. And with the pandemic more people want work-at-home space....
The primary factor driving housing demand is conveniently skirted in this article. Mass immigration is driving America's population to double within the lifetimes of children born today.
How many illegal aliens reside in the United States? 22 million to 38 million illegal aliens now live in the United States. If America's immigration laws were enforced, we would not have to house, educate, and medicate all these foreigners.
Related:
Joe Biden Smuggling Illegal Aliens Against Every Law On The Books, by Frosty Wooldridge, 30 January 2022.
Mass immigration won't solve our problems, by Frosty Wooldridge, 30 December 2022.