One reason to vote for Hillary.

A mostly political Weblog.
Feb. 4 2008 5:48 AM

A Reason to Vote Hillary

Think of what she won't get done!

(Continued from Page 44)

**--Update: "Affordable housing," and "housing crisis," as traditionally used by critics on the left, includes rental housing. If the credit crunch prevents people from buying houses, and those houses are sitting around unsold, they'll be rented, no? Which will tend to drive rents lower. Am I missing something? (This is a response to Bill Quick  and others). ...

More:   Quick responds that rents in San Francisco are going up, as people who can't get a mortgage to buy a home crowd into the rental market. Hey, the same thing happens in my neighborhood!. But it's a short-term (and maybe localized) effect, no? Speculators who own houses have an interest in renting them rather than leaving them vacant--even at bargain rents. I would very much doubt it if rents are rising in overbuilt South Florida, for example. .. [pause to Google] ... Yep.:

Depressed housing market is good news for renters 

Glut of property makes it cheaper than buying home

Harriet Johnson Brackey/Personal finance

December 9, 2007

What a good time it is in South Florida for renters.

Rent is falling and renters have their pick of places to live: Apartments, condominiums, apartments that used to be condos that have gone back to apartments. Not to mention single-family homes for rent from accidental landlords. ...[snip]

Research from Axiometrics, a Dallas firm that studies major apartment markets around the country, shows that rents in Fort Lauderdale in the third quarter of this year are down by 2.2 percent compared with last year. In Palm Beach County, the decline is 7.8 percent and in Miami-Dade County rents are off by 0.7 percent.

"In a lot of the overbuilt markets, it's better to be a renter than an owner," said Axiometrics President Ron Johnsey.

Again, I'm not saying the credit crunch isn't a problem. I'm not saying that a lot of middle class Americans haven't bet a lot on the continued rise in their homes' value, or that if they take a big hit the resulting slowdown in their spending might not tip the whole economy into a recession. (But it might not!) I'm saying that during the runup in housing prices the air was filled with complaints from the left that the rich were bidding up the value of housing, which was becoming unaffordable for ordinary Americans whose wages were rising only slowly, etc.. Now that this process is unwinding, some of this affordability problem is presumably being corrected. I'm amazed Quick resists this point. He must own. ...

Corner reactions here. ... 7:57 P.M. link

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Is illegal immigration like crime in New York: They said it could never be reduced, until it was? More evidence that even the mild efforts at border control are having an impact.

a) The Gran Salida continues, reports Reuters, although the story offers no hard numbers (just a reported "spike" at a Mexcian consulate).  Instapundit notes that one non-enforcement explanation--a shift in exchange rates--doesn't appear to hold water.

b) And they don't keep on coming: Meanwhile, the LAT reports on a decline in incoming illegal immigration, and the paper has some numbers. ... Mexicans who say they plan to seek work abroad: down by a third. ... Border arrests: down by 20%. ... Most significantly:

The growth rate of the U.S. Mexican-born population has dropped by nearly half to 4.2% in 2007 from about 8% in 2005 and 2006, according to an analysis of census data by the Pew Hispanic Center. [E.A.]

That seems pretty dramatic. True, there's a debate about how much of the drop is due to stepped-up enforcement and how much to a decline in construction work.  The official PC position appears to be that enforcement can't possibly have anything to do with it.** Still, the drop suggests that border control efforts may have at least as much effect on shaping the future electorate in the long run as attempts by Republicans to win over Mexican-Americans by pursuing McCainesque semi-amnesty proposals.  [But illegals don't vote-ed. Their U.S.-born children do. Plus, fewer illegals = less demand for semi-amnesty, no? Which makes it less likely that a whole new group of previously illegal Latino immigrants will ever become voters. Pandering to this now-smaller group of potential future voters in turn bcomes less appealing.]

.**--you see "the border buildup has encouraged more illegal immigrants to employ professional smugglers, whose success rate is higher than that of individuals, according to Wayne Cornelius, director of the Center for Comparative Immigration Studies at UC San Diego." OK, but doesn't the cost of hiring a professional itself deter illegal immigration? And are the pros getting less successful--and more expensive? ... 7:21 P.M. link

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