Trust the late Anthony Bourdain, the Kerouac of
cooking, to blurt out the truth when nobody else would.
Following his Jack Kerouac wanderlust, Bourdain had arrived in Seattle to spotlight the
manner in which high-tech was changing the city, draining it of its character
and of the many quirky characters that made Seattle what it was.
“Microsoft, Google, Twitter, Expedia, and Amazon are the big dogs
in town,” mused Bourdain. “A flood of them—tech industry
workers, mostly male, derisively referred to as tech boys or tech bros—is
rapidly changing the DNA of the city, rewiring it to satisfy their own
newly-empowered nerdly appetites.”
That the “tech boys” “are so dull,” as members of a Seattle band
say—and
sing—in no way assuages their heated effect on the housing
market. A street artist called “John Criscitello … told Bourdain how the
high-tech influx has driven up housing costs and forced artists [like himself]
out of the neighborhood.”
Yes, Big Tech is exacerbating homelessness in Seattle and the
surrounds. While correlation is not causation, the ongoing and never-ending,
annual importation of a sizable feudal elite from China and India must
be factored in the homelessness equation.
“Buoyed by the city’s thriving technology industry, Seattle has
consistently been the hottest housing market in the nation.”
Commensurate with the explosion in the number of Seattle neighborhoods in which
homes cost $1 million has been an explosion in the region’s homeless
population.
“Households must earn about $140,000 a year to afford mortgage
payments – nearly double the city’s typical income,” but on par with the “average base pay” of a software engineer in
the Seattle area.
Some consciousness of guilt was evinced by Microsoft. The company
threw money at a problem to which it has greatly contributed. In 2014,
Microsoft allocated $500 million toward
low-income housing, because, somehow, working-class families who should be
inching into middle-class were sliding into poverty, unable to afford homes in
Seattle and its surrounding counties.
“There are more families with children than chronically
homeless people” in the homeless encampments, reveals the
Seattle Times. “Fewer than 50 percent of people without homes are addicts.”
Underlying homelessness are factors such as “loss of a job,” “eviction,”
“medical bills and foreclosure,” the last of which “destroys credit ratings, making former homeowners no
longer eligible for loans or, in many cases, rentals.”
Among her homeless acquaintances, local writer Lola Peters counts
“[a] seamstress, her mortgage broker husband and their two children.”
“Several couples going through the breakup of long-term
relationships. A nurse. The middle-aged couple who owned their home and two
nearby rental houses. A woman, with a 4-year old child, who lost her job
shortly after moving to Seattle. A floral delivery worker. A painter.”
“They are not alcoholics or drug addicts,” protests Peters. “They are people who
suffered as a result of political and economic decisions they had no part in.”
And it’s not only Seattle and its suburbs that are filled with
suffering, marginalized Americans.
Via CBS News comes the unwelcome news
that, “Even with rising wages and falling mortgage rates, Americans can’t
afford a home in more than 70 percent of the country. Out of 473 U.S. counties
analyzed in a report, 335 listed median home prices more than what average wage
earners could afford, according to a report from ATTOM Data Solutions.”
Driven by an unending influx of immigrants, realtor.com certainly revels in the
tight housing market driven by an unending influx of entrants created by
immigration central-planners:
“[S]waths of America have seen local housing fundamentally altered
by an influx of new immigrant groups. There are now about 42 million immigrants
from just about every country in the world living in the U.S., making up about
13 percent of the overall population, according to the National Conference of
State Legislatures.”
“Immigrants are a big driving force for housing markets across the
nation,” saysKusum Mundra, an economics professor at
Rutgers University, Newark. “Most want the American dream, which is to own a
home.”
With The World clamoring for the American Dream, the average home
in the U.S. will soon cost half a million dollars. “Rents are rising much faster than income, while the median
home price in some 200 cities is $1 million.”
“Homelessness—perhaps the most extreme form of poverty—is a
symptom, surging in high-cost cities,” notes the Economist. “The problem,” moreover,
“is most acute in America’s most-thriving cities, the ones governed by
unabashed liberals. In 2018, New York estimated its homeless population to be
over 79,000, or 48 percent more than in 2010. … California now accounts for one
in four homeless Americans.”
“Unabashed liberal” outfits like the Economist, the Brooking
Institute and the Seattle Times blame inadequate supply for the housing crisis,
ignoring the demand side of the supply-and-demand housing equation whereby,
“Big Tech is permitted to petition The State for permission to import The World
at a price heavily subsidized by the disenfranchised American taxpayer. Through
government immigration policies, a ceaseless demand for housing has been
generated.” (See “Homeless In Seattle, Part 1.”)
In particular does the Economist implicate “local control over zoning” for “poor
housing supply.”
Historically, zoning regulations, whereby municipal governments
decide “what parts of the city will be industrial, residential or
commercial,” are linked to high-cost housing. However, city
planners have been determining where people live, work and do business for
close on a century. Pure market forces and the price system have been absent in
city planning for a very long time.
It is, therefore, more edifying to survey the special
interests currently involved
in the anti-zoning debate. These are the grubby interests of the developers,
the realtors and the municipalities (hunkering after more property taxes). All
are protesting the idea of the “Single-family home that offers people a chance at
traditional, white-picket fence homeownership.”
Development fiends and fanatics all hunger for the revenues that
come from “dense housing,” namely “any housing that’s attached to another unit,
often in taller buildings: apartments, condos, town homes, row houses.”
Against this background, it seems clear that the egalitarians have appropriated the
anti-zoning argument. They now malign single-family neighborhoods in favor of
promoting density, which is—wouldn’t you know it?—more expensive and thus
lucrative.
To the working poor, the new cellblock units that replace single-family
homes are worse than useless, as they cost so much more than the homes torn
down.
No wonder the Economist clucks in outrage against “local control
over zoning.” As ruthless and reckless as it is, local government is more
likely than state or federal governments to be responsive to the petitions of
single-family homeowners against building “dense housing,” to accommodate Jeff
Bezos’ H-1B visa arrivals.
The World is the American multinational’s labor marker. The
housing market in the U.S. reflects that reality. Unburdened by brains, pundits
and politicos remain incurious as to why supply and demand in housing can never
be brought into a semblance of a balance in such a perversely global labor
market.
Ilana
Mercer has been writing a weekly, paleolibertarian column since 1999. She is the author of Into the Cannibal’s Pot: Lessons for America From
Post-Apartheid South Africa (2011) & The Trump Revolution: The Donald’s Creative Destruction
Deconstructed” (June, 2016). She’s on Twitter,Facebook & Gab.
Latest on YouTube:
“How Democracy Made Us Dumb.”
