Obama Says Immigration Bill Will Boost Home Values
The Hill
Obama on Tuesday argued that enactment of the Senate’s immigration reform bill would boost home values across the country.
“It’s pretty simple: when more people buy homes, and play by the rules, home values go up for everybody,” Obama said during a speech on home ownership in Phoenix.
Obama conceded that immigration was “something you don’t always hear about when it comes to the housing market,” but he said the two things go hand in hand.
“According to one recent study, the average homeowner has already seen the value of their home boosted by thousands of dollars, just because of immigration,” the president said.
Cecilia Munoz, the director of the White House Domestic Policy council, tweeted during Obama’s speech that it was a “fact” that immigration reform “will substantially increase home values.”
Wild Thing’s comment…………
I realize those that voted for him are idiots, but the rest of America are not idiots and we are tired of his lies he says to push his agenda. He lies on every one of his agenda goals to try and get his way.
One of the problems was that homes were so overpriced that the average American had to take out exorbitant loans just to buy a decent house.
Home values going down hurt those who paid inflated prices for their homes but were helpful to others. Unless you buy a house to sell it and make a profit, what’s the difference if its value drops? I bought my house to eventually pay it off and probably spend my last days in it.
By obama’s reasoning if we emptied all our prisons there would be more demand on housing because all the ex-cons would be buying homes.