How Mass Illegal Migration is Killing Young People’s Home Ownership Dreams
Commentary
June 7, 2024
By Brian Lonergan
Following a spring punctuated by campus protests and canceled commencement ceremonies, a spotlight has been put on our jaded, cynical youth. Why are they so angry? Volumes could be written to address that question, but the short answer is that many of them see dark storm clouds in their futures.
And why shouldn’t they? We are bombarded with depressing news for them: unpopular wars, soaring inflation, and the declining connection between a college diploma and a high-paying career.
Of all the symbols of “making it” in America, few rank higher than the ability to own one’s own home. On that front, the outlook for young people may never have been this bleak. Recent data show that roughly 45 percent of people ages 18-29, citing a lack of money and an inability to live on their own, are living at home with their families.
The reasons usually given for this housing crisis are high interest rates, lack of inventory, and a lack of earning power from potential buyers. Conveniently dismissed is one of the most glaring contributing factors: the influx of millions of foreign nationals as a result runaway illegal migration.
https://irli.org/how-mass-illegal-migration-is-killing-young-peoples-home-ownership-dreams/
