A Record Number Of Immigrants Have Become Billionaires In The U.S.

65% of Americans own homes...

stupid mentality is making shit up without facts.

My daughter is killing it on US work visas and remotely and the money she's making now is huge. It is possible in today's world to start from scratch and excel to levels most don't expect until they get there. That being said, I'd love to see the US find constructive ways to establish a better social safety net. Immigration is a major positive especially in an aging population; it's not immigration creating social problems and poverty in the US.
 
65% of Americans own homes...
That's the percent of Americans who live in households where at least one of the owners live on-site. Since not all household members are owners, the actual percentage of Americans that own homes is far lower than 65%. Back of the envelope -- somewhere between 25% (if title is held by a single owner) and 50% (joint tenancy). FYI there are about 83 million owner occupied homes in the US, and upwards of 330 million people.

The percentages are lower in dense urban areas or other high-cost locales.
 
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I actually did a back of the envelope calculation and got to about 44% homeownership with a simplifying assumption that nobody under 20 owns homes. As you pointed out, multi occupancy of homes by several adults pushes this number even lower.

That's the percent of Americans who live in households where at least one of the owners live on-site. Since not all household members are owners, the actual percentage of Americans that own homes is far lower than 65%. Back of the envelope -- somewhere between 25% (if title is held by a single owner) and 50% (joint tenancy). FYI there are about 83 million owner occupied homes in the US, and upwards of 330 million people.

The percentages are lower in dense urban areas or other high-cost locales.
 
Not sure why we got off on this tangent on home ownership.... there no longer is any requirement to live in a city to make a living or start any business. Even wealthy people are moving out of cities.

There are plenty of opportunities for immigrants with nothing to come here and make a way better living and be comfortable even if they dont seem rich to you or a billionaire.
 
No one has a problem with legal immigration. The problem stems from too much illegal immigration. The system gets strained and collapses.

Why not let in large quantities of Iranians, Russians, and Chinese? Plenty of them need help too. In fact, according to your logic we should be letting in 10's of millions of people a year to help our great country.
 
"Tope Awotona ($1.4 billion), the founder and CEO of scheduling software company Calendly. As a 12-year-old in Lagos, Nigeria, Awotona witnessed his father get shot and killed in a carjacking. Three years later he and his family moved to Atlanta, Georgia."

Please don't tell us those guys did not have any privilege prior to their success in the US. My wife was a highly decorated manager overseeing an entire continent for the world's largest financial data company and she tried to be internally moved to the US for years. Each and every single time there was other roadblocks that immigration threw at us. And this guy just moves to the US? Give me a break. That's not how it happened. As always media glorify and only amplify success but don't tell the whole story. Highlighting how his parents suffered tragedy makes the story sound so much sweeter. He certainly could not immigrate to the US on grounds of being refuge just because his dad was murdered. So how did he get into the country? I studied at one of the US's top school in graduate school and found that companies did not really bother much to get paperwork done to hire highly qualified non-residents. Something about those stories does not add up. Most likely most of them were already highly privileged in their own countries.

That's quite a reach. Not everyone from Africa had emerald mines & came from privilege like Musk. One could assume the family came from money since they had a car worth car jacking. The reality is most immigrants in the US come in through family ties. So yes, one can make a claim that having a citizen sibling or step dad is a privilege. It gives no one a leg up over the native Joes.

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No one has a problem with legal immigration. The problem stems from too much illegal immigration. The system gets strained and collapses.

Why not let in large quantities of Iranians, Russians, and Chinese? Plenty of them need help too. In fact, according to your logic we should be letting in 10's of millions of people a year to help our great country.


nobody here said open the borders and let them all in..this thread isnt even about illegal v. legal immigration.


try and keep up
 
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