Thursday, October 9, 2008

HUD Announcement May Indicate Illegal Immigration a Bigger Problem Than Previously Thought

The announcement by the Department of Housing and Urban Development that more than five million fraudulent home loans were taken out by illegal immigrants may indicate the illegal immigration problem is far greater than previously thought.

Some cities are seeing as much as 40% of the homes in their city currently in foreclosure. We can assume this means that 60% of homeowners are keeping up with their payments.

If the five million fraudulent home loans to illegal immigrants represents 40% of the total number of homes owned by illegal immigrants, we can assume there may be as many as 12.5 million illegal immigrant families that own a home in the U.S.

Since the average household size according to the 2000 U.S. census is 2.59 people, we can estimate as many as 32.38 million illegal immigrants living in a home owned by an illegal immigrant. This figure does not include the number of illegal immigrants that may be renting.

Current US estimates indicate there are approximately 7 to 20 million illegal immigrants currently residing in the U.S., but as you can see, that number may be far greater.

3 comments:

Pete Murphy said...

Rampant population growth threatens our economy and quality of life. Immigration, both legal and illegal, are fueling this growth.

I'm not talking just about the obvious problems that we see in the news - growing dependence on foreign oil, carbon emissions, soaring commodity prices, environmental degradation, etc. I'm talking about the effect upon rising unemployment and poverty in America.

I should introduce myself. I am the author of a book titled "Five Short Blasts: A New Economic Theory Exposes The Fatal Flaw in Globalization and Its Consequences for America." To make a long story short, my theory is that, as population density rises beyond some optimum level, per capita consumption of products begins to decline out of the need to conserve space. People who live in crowded conditions simply don’t have enough space to use and store many products. This declining per capita consumption, in the face of rising productivity (per capita output, which always rises), inevitably yields rising unemployment and poverty.

This theory has huge implications for U.S. policy toward population management, especially immigration policy. Our policies of encouraging high rates of immigration are rooted in the belief of economists that population growth is a good thing, fueling economic growth. Through most of human history, the interests of the common good and business (corporations) were both well-served by continuing population growth. For the common good, we needed more workers to man our factories, producing the goods needed for a high standard of living. This population growth translated into sales volume growth for corporations. Both were happy.

But, once an optimum population density is breached, their interests diverge. It is in the best interest of the common good to stabilize the population, avoiding an erosion of our quality of life through high unemployment and poverty. However, it is still in the interest of corporations to fuel population growth because, even though per capita consumption goes into decline, total consumption still increases. We now find ourselves in the position of having corporations and economists influencing public policy in a direction that is not in the best interest of the common good.

The U.N. ranks the U.S. with eight other countries - India, Pakistan, Nigeria, Democratic Republic of Congo, Bangladesh, Uganda, Ethiopia and China - as accounting for fully half of the world’s population growth by 2050. The U.S. is the only developed country still experiencing third world-like population growth, most of which is due to immigration. It's absolutely imperative that our population be stabilized, and that's impossible without dramatically reining in immigration, both legal and illegal.

If you’re interested in learning more about this important new economic theory, I invite you to visit my web site at OpenWindowPublishingCo.com where you can read the preface for free, join in my blog discussion and, of course, purchase the book if you like. (It's also available at Amazon.com.)

Please forgive the somewhat spammish nature of the previous paragraph. I just don't know how else to inject this new perspective into the immigration debate without drawing attention to the book that explains the theory.

Pete Murphy
Author, "Five Short Blasts"

Tony said...

The information you're posting is incorrect:

http://www.tonyskansascity.com/2008/10/for-love-of-god-never-forget-that.html

James said...

Unfortunately, not. Turns out the information you are posting is what is incorrect:

http://thekansascitian.blogspot.com/2008/10/hud-denies-illegal-immigrant-data.html