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Immigration Fueled Housing Shortage
Description
On today’s show we are talking about the law of supply and demand. This is one of those principles that I treat with the same reverence as a law of physics. It’s a little like gravity. If you try to fight gravity, you’re probably going to come out on the losing end of that battle.
Back in the 1950’s we had explosive population growth in North America. This was the so-called baby boom. Demographics following the apocalypse of WW2 meant growing population and the associated economic boom that comes with it. We no longer have these conditions in our society. Many western economies are experiencing aging populations, declining birth rates and falling demand for housing, along with shifting demand for services.
If populations are growing, it’s the result of immigration.
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Host: Victor Menasce
email: podcast@victorjm.com