The following is a transcript from the Pro America Report.
Welcome, welcome. Welcome to the Pro America Report. This is Ryan Hite. Sitting in the booth today for Mr. Ed Martin, we’ve got a couple of. New interviews coming up, a couple of good things that Ed was able to prerecord, but I am here to kick us off today. Happy to be with you and happy to have a few things to talk about.
Now. The things that we have to talk about this week, it doesn’t exactly always seem hopeful, but guess what? There is always hope for America. That’s why you’re here. That’s why we’re here. Now, because it’s worth talking about, it’s worth informing ourselves about, and then it is worth going and talking to other people about it. Having these conversations, getting people to change their mind and change the course of the country so. Take hope, take hope on the Pro America Report today with me.
But before we go any further, we got something that’s a little off the path of the news. This week I wanted to talk about and then we got a couple of great interviews. But let me let me stop and not forget another second to point you to a very key, very couple of places. Very key, very couple. We’re only midway through the week, folks, and we’re getting we’re getting fancy word play here. You’re gonna have to bear with me. We have the proamericareport.com website. You don’t want to miss it. It’s Ed’s substack. His long form writing often flows In Sync with what we’re talking about here on the Pro America Report. This first segment, the WYNK, the what you need to know. You want to go and sign up for that and make sure you don’t miss anything. There is also PhyllisSchlafly.com, our day job, Phyllis Schlafly Eagles. Phyllisschlafly.com is where you’re going to find the Pro America Report archives. You’ll get the podcast stand alone segments for every guest. You’re also going to find all kinds of links and resources. And of course, the all important WYNK e-mail sign up. That’s where you’re gonna get that. Phyllisschlafly.com, but. And thirdly, and this is what I realized, I started laughing and and I realized it’s actually not a couple of things. As I say that there is something brand new that you might want to take a look at this actually last week, but it’s really in earnest kicked off this week. And Ed has talked about it, this Rumble show that’s been going on by the same name Pro America Report giving an opportunity for some live Video and this week, that’s where I say in earnest this week. Boy, have we turned our attention to Manhattan, to the Trump trial that is going on right now, and it’s been great to have Paul Ingrassia with us. He has talked quite a bit live on the Rumble of live streaming version of the Pro America report, so you want to go and check that out.
Sorry, we had a little bit of a longer here, longer beginning to the show this morning because there’s some new stuff going on and that’s just indicative of where we are. It’s. 2024. We are in the middle of an incredibly intense. Election year and and there is going to be more that we need to talk about more ways that we need to talk about it than ever before. That is exactly what we’re doing here at the Pro America Report. So don’t forget, do those things go to proamericareport.com PhyllisSchlafly.com for all the archives and the WYNK sign up and then. Of course, go over to Rumble and look up the Pro America Report. You will find it there, including hours and hours of coverage from this week that Ed was able to do, including live stuff with Paul Ingrassia from outside the courthouse there in Manhattan for the Trump trial that’s going on this week in New York. So there’s there’s a lot we could talk about that. We could talk about the Mayorkas impeachment, just watched today and and yesterday. The house managers of the impeachment walked it across very solemnly over to the Senate side, where it’s going to be picked up. And of course in the Senate, you know, our hopes are not particularly high for some sort of trial that will bring accountability to our Department of Homeland Secretary. But I think that if there is any time when truth may come out. In some sort of publicly televised trial this might be it. So let’s have high hopes for that as well, but that is not exactly what we’re going to talk about. In fact, I also have something I want to bring up at the at the wrap up, but we’re gonna save it for there.
Here’s here’s what we need to talk about, though. Today for the WYNK. What you need to know, the most important thing that we do here, this first all important segment here on the Pro America Report, the WYNK and here it is.
What you need to know is. The housing prices that are out of control have a very interesting and unique solution. Now this is this is something that sounds kind of crazy when you look at it and say it, but it’s a very interesting take and I think it’s something worth looking at. That’s what you need to know. Housing prices are out of control and there is a very interesting solution.
Josiah Lippincott, a friend of the show, actually from the wonderful website American Greatness AmGreatness.com I’ll link this in the show notes, and of course we’ll put it over on social media. He’s written a very interesting article about housing prices. This is something that we know of. We throw a few statistics out here to set the stage real quick. We’re not gonna get buried into the housing economy here today, but there’s some very there’s some very key things I think you need to know.
So we all know that the housing market has gone bananas. Absolutely bananas. The median home price today in America is is $400,000. $400,000 is the average price of a home, and the current 30 year mortgage interest is 7.8% nearly eight percent. So that’s mean. That means what that means is that buyers are putting down an average amount of about $52,000. And with all these numbers together, the average new buyer in America is paying about $3,100 a month in a mortgage payment. That’s $3,100 a month in mortgage payments. That is not maintenance that is not budgeting out for your property taxes or anything else, that’s just the mortgage $3100 a month and over the life of that loan, they’re gonna pay something close to a staggering with these numbers I’ve mentioned over the life of the loan, they’re gonna pay about 1.1 million Dollars for that $400,000 home $1.1 million over the 30 year period that they took to pay.
How you know this is this is one of those things where you really start to stop and think, you know, maybe the Dave Ramsey folks aren’t crazy. And I mean, I’m not saying that that I think that they were. But you look at this and go why why in the world would I pay. $1.1 million. For the privilege of paying $400,000 / 30 years, this makes no sense. But but these numbers are are just nuts.
When you look at the fact that the starting salary for college graduates is around $51,000 a year, there’s just no way to cut this. No one is able to afford a home until they’re into their 30s, forties. It is absolutely crazy. Absolutely crazy.
And as depressing as this becomes, you realize that in this crazy world we’re in, I’ve just said crazy several times, but I I don’t know a better. It’s insane. The housing market in America is insane. Truly, it is.
But there’s a very key thing to think about, and this is what Josiah Lippincott at The American Greatness points out there are two ways. In in this out of control housing market, there are two ways that any good economist will tell you to bring down the price of a good.
You either increase the supply or reduce the demand.
Now this basic market economics 101 increase the supply reduce the demand. These are the things that are going to happen. So guess what? Building Houses increasing the supply. This is, I mean it’s it’s a house. This is pretty complex and difficult. It requires tons of time and labor materials and also it it it it requires incredible amounts of government red tape and space and and it’s just incredible.
So sure, there’s houses popping up all over the place, but one thing that’s a very interesting thing to note. The Biden administration has let in some 8 million legal and illegal immigrants since 2021. 8 million. Legal and illegal immigrants since 2021. And I mean, this is the statistics. So this is what we know About. When it comes to illegal border crossings, there’s there’s tons of stuff we don’t know about.
So what we know about that equates to roughly 7% increase in the national population. 7% increase. Pardon me in the national population in the last three years alone, you combined that with skyrocketing inflation. Guess where we are, a housing market where your average home of $400,000 requires you to put 52 down and take 30 years to pay $1.1 million at about $3100 a month. When you are making $52,000 a year.
That math doesn’t add up, and neither does letting in 8 million people that quickly that rapidly into our current economic system. So. Guess what?
Josiah Lippincott over at American Greatness has a very interesting take on the whole thing and says that you know what would lower housing prices? Mass deportations. If we were to turn to mass deporting of illegal immigrants which is something very similar that we’ve just done recently under the Trump years, this would reduce an incredible number of people. This would reduce. An incredible burden on our housing market and actually he calls this, this isn’t some sort of crazy right wing conspiracy. This is a pretty modern centrist solution, he says. On the basis of of all kinds of things.
This is like a good neighbor policy. I mean, it’s an incredible thing to think about that there may be an immigration solution to our housing problem.
Because what are you going to do, either increase the supply or reduce the demand. And again, that this is not a you’re not hearing me, you know, necessarily make a case against legal immigration at this point. This is just the illegal immigration we could tackle first and would it have ripple effects into the housing market? Absolutely. He makes a great case for it in his article. I don’t want to steal the thunder of it. There’s tons of numbers, but it’s a really fascinating read and a very different angle than you might have thought about. Well, go and check it out. I’ll link it below. I’ll also link it on our social media, American Greatness, Mass Deportations Would Lower Housing Prices. That’s what you need to know today in the midst of the Trump trial, take a break, take a look at this and think about a different way to approach a problem in our country that all of us are seeing. And that is what you need to know on the Pro America Report today.
Come on back after the break, we got a couple of great guests. You will want to come back for it and make sure you don’t miss out on all the fun. Proamericareport.com, PhyllisSchlafly.com. We’ll be right back here after the break on the Pro America Report.
