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U.S. Rents Hit Record High, Coinciding with Skyrocketing Mass Immigration

excalibur

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Just another Biden shit-show. More crapping on Americans by the worst POTUS in history.

Everything Biden and his team of idiots do have been harmful to Americans. Same with the rotten Democratic Party.


Rents across the United States have hit a record high, with the median rent for a one-bedroom apartment now reaching nearly $1,500 a month, according to the Zumper National Rent Index.
...
In Miami, where nearly 6 in 10 residents are foreign nationals, pulling more immigrants to the area every year, median rents have jumped to about $2,500 a month. In Washington, DC, where the state of Texas is busing thousands of border crossers, median rents are now at $2,370.
At the same time, rents in cities across Ohio, Kansas, Texas, Louisiana, Kentucky, Oklahoma, upstate New York, and Iowa have dropped.
Real estate investors are some of the biggest beneficiaries of mass immigration to the United States. Immigration-driven population growth, set to bring the United States population to more than 400 million by 2060, is likely to send housing prices even higher.
A 2017 study published in the Journal of Housing Economics found that “increases in immigration into a metropolitan statistical area are linked with rising rents and home prices in that metropolitan statistical area and neighboring metropolitan statistical areas.”
As legal immigration brings over a million legal immigrants to the United States annually, as well as more than a million more on temporary work visas, the Biden administration has implemented an expansive Catch and Release network where thousands of border crossers and illegal aliens are sent all over the nation every month to await court hearings.
In the meantime, those new arrivals need housing.
While it is unclear exactly where border crossers and illegal aliens are resettling, the administration’s Alternative to Detention (ATD) program gives insight into the level of mass immigration to each city coinciding with record-high housing costs.
In Boston, Massachusetts, for instance, where the median rent has hit $2,730, the number of border crossers and illegal aliens released to the area on ATD has boomed. In December 2020, just 1,500 ATD migrants were being monitored in Boston. Today, more than 8,300 ATD migrants are in the city.
The same has occurred in New York City. In 2020, fewer than 3,700 ATD migrants were being monitored. Today, more than 10,500 ATD migrants are being monitored there. More than 16,500 ATD migrants are in San Francisco today; in 2020, about 10,600 were being monitored.


 

Indeependent

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NYS Governor Hochol wants to subsidized apartment dwellings everywhere.
We know subsidized means free.
 

Rambunctious

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Evictions are back.... so it will be an ugly winter for many people.....
 

Rambunctious

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Resident biden's america......
 

Flash

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At 330 million the US should be considered full.

Not only should we put a stop to Illegal immigration and round up the Illegals already here and send them back but we should curtail legal immigration.

We have enough third world shits in this country already. Defiantly no more Blacks and Browns.
 

Rambunctious

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Rent skyrocketing, housing tanking, gas absurd, groceries through the roof.... Something is wrong
We are being taken over by China and they are using Joe to do it....
 

DGS49

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Keep in mind, one political party in the U.S. sees a crisis of illegal immigration while the other political party sees it as just more reliable democrat voters coming across the threshold.

If you hear any Washington politician use the expression "immigration reform," shoot him/her.

Just kidding.
 

Indeependent

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Keep in mind, one political party in the U.S. sees a crisis of illegal immigration while the other political party sees it as just more reliable democrat voters coming across the threshold.

If you hear any Washington politician use the expression "immigration reform," shoot him/her.

Just kidding.
To be honest, if it weren't for Trump, the Rs would be in line with the Ds.
 

1srelluc

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Keep in mind, one political party in the U.S. sees a crisis of illegal immigration while the other political party sees it as just more reliable democrat voters coming across the threshold.

If you hear any Washington politician use the expression "immigration reform," shoot him/her.

Just kidding.
Hell the US Chamber of Commerce will shoot them for you.....Why do you think the gop is so fond of H1B workers? ;)
 

22lcidw

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The latter age American politicians have hollowed the nation out and are traitors. Not heeding the warnings of the Founding Fathers and even have attempted to with some success to destroy them. The relationship between Biden and George Washington is nonexistent.
 

busybee01

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Just another Biden shit-show. More crapping on Americans by the worst POTUS in history.

Everything Biden and his team of idiots do have been harmful to Americans. Same with the rotten Democratic Party.


Rents across the United States have hit a record high, with the median rent for a one-bedroom apartment now reaching nearly $1,500 a month, according to the Zumper National Rent Index.
...
In Miami, where nearly 6 in 10 residents are foreign nationals, pulling more immigrants to the area every year, median rents have jumped to about $2,500 a month. In Washington, DC, where the state of Texas is busing thousands of border crossers, median rents are now at $2,370.
At the same time, rents in cities across Ohio, Kansas, Texas, Louisiana, Kentucky, Oklahoma, upstate New York, and Iowa have dropped.
Real estate investors are some of the biggest beneficiaries of mass immigration to the United States. Immigration-driven population growth, set to bring the United States population to more than 400 million by 2060, is likely to send housing prices even higher.
A 2017 study published in the Journal of Housing Economics found that “increases in immigration into a metropolitan statistical area are linked with rising rents and home prices in that metropolitan statistical area and neighboring metropolitan statistical areas.”
As legal immigration brings over a million legal immigrants to the United States annually, as well as more than a million more on temporary work visas, the Biden administration has implemented an expansive Catch and Release network where thousands of border crossers and illegal aliens are sent all over the nation every month to await court hearings.
In the meantime, those new arrivals need housing.
While it is unclear exactly where border crossers and illegal aliens are resettling, the administration’s Alternative to Detention (ATD) program gives insight into the level of mass immigration to each city coinciding with record-high housing costs.
In Boston, Massachusetts, for instance, where the median rent has hit $2,730, the number of border crossers and illegal aliens released to the area on ATD has boomed. In December 2020, just 1,500 ATD migrants were being monitored in Boston. Today, more than 8,300 ATD migrants are in the city.
The same has occurred in New York City. In 2020, fewer than 3,700 ATD migrants were being monitored. Today, more than 10,500 ATD migrants are being monitored there. More than 16,500 ATD migrants are in San Francisco today; in 2020, about 10,600 were being monitored.



This is something that has been going on for many years.

" For decades, housing costs have risen faster than incomes. Since 1960, renters’ median earnings have gone up 5 percent while rents have spiked 61 percent; homeowners earn 50 percent more while home prices have gone up 112 percent.

This has obvious human costs. As the National Low Income Housing Coalition reported earlier this month, a growing share of the nation’s renters cannot afford to live in the cities where they work. In 2016, nearly half of renters were considered cost-burdened — i.e. they spend more than 30 percent of their income on rent — a proportion that has more than doubled in the last 50 years.

Rising rents also have indirect impacts. The Harvard study noted that the cities with the greatest increases in housing costs also have the greatest increases in homelessness. Expensive housing encourages private equity firms and other investors to buy up apartment buildings and evict the current residents. Displacement leads to sprawl, long commutes and workers spending more time away from their families. From cheap restaurants to affordable childcare to neighborhood community centers, rising rents are a tsunami that sweeps away support networks and social amenities critical to low-income residents."


This article is from 2018.
 

busybee01

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Evictions are back.... so it will be an ugly winter for many people.....

Thanks to the Republican Party. The Democrats realize that this is a major issue and have tried to fix it. However Republicans tell these people to drop dead.
 

busybee01

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At 330 million the US should be considered full.

Not only should we put a stop to Illegal immigration and round up the Illegals already here and send them back but we should curtail legal immigration.

We have enough third world shits in this country already. Defiantly no more Blacks and Browns.

You have no clue what you are talking about. We are facing a baby bust when the baby boomers start dying. We will need more workers in the future which is why DACA is important to this country's future.
 

Rambunctious

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Thanks to the Republican Party. The Democrats realize that this is a major issue and have tried to fix it. However Republicans tell these people to drop dead.
Yes thank them for keeping landlords from losing their property....
 

Rambunctious

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We are being taking over by right wing fascist Republicans like you. Trump is the leader of this effort.
Its your clan and cult that is pushing us into communism... by definition that is undemocratic....
 

Ray From Cleveland

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Thanks to the Republican Party. The Democrats realize that this is a major issue and have tried to fix it. However Republicans tell these people to drop dead.

How did the Communists try to fix it?
 

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