Ben Keyes

The trade-off there from a housing market standpoint, we're talking about this in a very narrow sense, is that there will be fewer people in this sort of numbers game of supply and demand. But if we think about the types of housing that immigrants and undocumented immigrants tend to locate in, they tend to be renters and they tend to locate in low-income neighborhoods.

The trade-off there from a housing market standpoint, we're talking about this in a very narrow sense, is that there will be fewer people in this sort of numbers game of supply and demand. But if we think about the types of housing that immigrants and undocumented immigrants tend to locate in, they tend to be renters and they tend to locate in low-income neighborhoods.

Now, of course, that's not uniformly true, but that's where they are concentrated. And so if we're thinking about the high cost of homeownership, Removing undocumented immigrants from the pool of potential homebuyers is simply not going to move the needle on affordability.

Now, of course, that's not uniformly true, but that's where they are concentrated. And so if we're thinking about the high cost of homeownership, Removing undocumented immigrants from the pool of potential homebuyers is simply not going to move the needle on affordability.

Now, of course, that's not uniformly true, but that's where they are concentrated. And so if we're thinking about the high cost of homeownership, Removing undocumented immigrants from the pool of potential homebuyers is simply not going to move the needle on affordability.

As we're thinking about the big picture, this incoming administration has sort of framed tariffs and removing immigrants as a panacea for all of our problems. And neither of those things are going to make a dent into our housing affordability crisis.

As we're thinking about the big picture, this incoming administration has sort of framed tariffs and removing immigrants as a panacea for all of our problems. And neither of those things are going to make a dent into our housing affordability crisis.

As we're thinking about the big picture, this incoming administration has sort of framed tariffs and removing immigrants as a panacea for all of our problems. And neither of those things are going to make a dent into our housing affordability crisis.

So I think there's two pieces where we might see some headway. One is related to federal land that's in urban areas. That's already where the jobs are and where we already have high demand. So one example of this is an assessment that the Biden administration did with the U.S. Postal Service and looking at the location of post offices, whether there's additional space available.

So I think there's two pieces where we might see some headway. One is related to federal land that's in urban areas. That's already where the jobs are and where we already have high demand. So one example of this is an assessment that the Biden administration did with the U.S. Postal Service and looking at the location of post offices, whether there's additional space available.

So I think there's two pieces where we might see some headway. One is related to federal land that's in urban areas. That's already where the jobs are and where we already have high demand. So one example of this is an assessment that the Biden administration did with the U.S. Postal Service and looking at the location of post offices, whether there's additional space available.

for redeveloping some of those spaces, right? Why have a one-story post office when you could have a five-story post office with four stories of apartment units up above? And so that's been an initiative that's going on. There is federal land in cities. There are a number of federal buildings. And the USPS is one that has quite a large footprint.

for redeveloping some of those spaces, right? Why have a one-story post office when you could have a five-story post office with four stories of apartment units up above? And so that's been an initiative that's going on. There is federal land in cities. There are a number of federal buildings. And the USPS is one that has quite a large footprint.

for redeveloping some of those spaces, right? Why have a one-story post office when you could have a five-story post office with four stories of apartment units up above? And so that's been an initiative that's going on. There is federal land in cities. There are a number of federal buildings. And the USPS is one that has quite a large footprint.

When we're thinking about this federal land out west, I'm pretty skeptical that we're going to see cities spring up out of whole cloth. That just takes an enormous amount of coordination and effort, and it would need a significant amount of private buy-in to locate firms there. You could potentially see those having some uses for energy generation, so solar farms, wind farms,

When we're thinking about this federal land out west, I'm pretty skeptical that we're going to see cities spring up out of whole cloth. That just takes an enormous amount of coordination and effort, and it would need a significant amount of private buy-in to locate firms there. You could potentially see those having some uses for energy generation, so solar farms, wind farms,

When we're thinking about this federal land out west, I'm pretty skeptical that we're going to see cities spring up out of whole cloth. That just takes an enormous amount of coordination and effort, and it would need a significant amount of private buy-in to locate firms there. You could potentially see those having some uses for energy generation, so solar farms, wind farms,

other kinds of things that do require that space and where there may be more desirability out west. And so thinking about ways to encourage our energy transition on that federal land seems promising. But as a solution to our affordability crisis, I just don't see it.

other kinds of things that do require that space and where there may be more desirability out west. And so thinking about ways to encourage our energy transition on that federal land seems promising. But as a solution to our affordability crisis, I just don't see it.

other kinds of things that do require that space and where there may be more desirability out west. And so thinking about ways to encourage our energy transition on that federal land seems promising. But as a solution to our affordability crisis, I just don't see it.