Immigrations Impact on the Housing Market and what it means for you
Ken McElroy Show
Ken McElroy
4.8 • 692 Ratings
🗓️ 29 October 2024
⏱️ 44 minutes
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Summary
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Transcript
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| 0:00.0 | Countries around the world are changing their immigration policy due to housing. |
| 0:06.0 | And they should. |
| 0:08.0 | France, Canada, Australia, the UK all announcing they want to cut back on immigration into their countries. |
| 0:15.0 | And why? Because they don't have places to put people. |
| 0:18.0 | Well, we've done videos on this before, guys. |
| 0:20.0 | Like, hopefully you go back and take a look. |
| 0:22.1 | We showed you why the average price in many, in most places around Canada are well over |
| 0:28.9 | a million bucks. |
| 0:29.6 | I think the average price of a home is in the 700s. |
| 0:32.3 | I'm going off a memory. |
| 0:33.8 | We did a chart. |
| 0:34.6 | We showed it to you based on immigration. |
| 0:36.4 | But they're not the only country. |
| 0:38.4 | They're on our border, so they're the ones that we see the most. |
| 0:43.6 | And obviously there's a big hot topic politically too, right? |
| 0:47.4 | Yeah, absolutely. |
| 0:48.3 | And, you know, but what's interesting is even the more liberal, more progressive once immigrants are cutting back because |
| 0:57.0 | there's just not enough resources. |
| 0:59.0 | Well, there's just not enough resources. |
| 1:01.0 | I mean, in defense to it, though, they do add really good things to, you know, they do |
| 1:06.5 | have labor, right? |
| 1:07.5 | And they do stimulate the economy to a degree. |
... |
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