TUCKER CARLSON (HOST): We have a housing crisis, by the way, a big one. Do you have kids? Ask them. According to The Wall Street Journal, the amount of available entry-level housing in the United States — and that's defined as homes up to 1,400 square feet — is at a five-decade low. So, when the supply shrinks, the cost rises. The median value of a home in California just rose above $800,000 — first time in history.
Less than 40% of the millennial generation will own a home by the age of 34. They're all renting and rent is going up too, a lot. The growth in median rent outpaced the growth in median renter income in nearly every state between 2001 and 2019. That's a disaster. That's a terrible development for human — for American citizens.
So, why is it happening? Well, lots of reasons, but one reason it's happening is America is becoming a lot more crowded than it ever was, and one of the reasons for that is that we are now living through the biggest influx of refugees in American history.
We are on pace for at least 2 million illegal immigrants arriving in America this year alone. That's far more than the number of asylum applicants who arrived in Europe in 2015. That was over 1 million, just over 1 million. That totally changed Europe forever.