President Joe Biden has complained that “rents are too high” after he intentionally imported 10 million legal and illegal immigrants into American neighborhoods by raising rents.
The sudden election-year accusation was posted on March 14th. Politico.comdoes not mention Biden’s decision to import millions of new immigrant borrowers.
Mr. Biden has repeatedly asked top officials for new ways to make housing more affordable and asked aides questions about mortgage rates and rental prices. The president also requested details about the strain housing inflation is putting on families’ monthly budgets, according to two White House officials who requested anonymity to discuss private conversations.
He told advisers that the main complaint he hears from voters when he travels is the challenge of financing a home. “Rent is too high. People can’t afford the first thing. [house]” one senior official said, detailing that Biden was concerned about supply shortages and high interest rates in meetings back in the summer. “People are stuck in place.”
“It completely shapes and changes your life,” Rep. Alexandria Ocasio-Cortez (New York) told Politico. “How does it affect [constituents] Thinking about politics influences how you vote. ”
“This is the first month I won’t be able to pay my rent.”
“I really can’t afford to buy food, so I eat less.”
“My rent has increased from $1,300 to $1,800.”
“Food costs are too high”
“I don’t spend much money”
“I’m overworked and always tired… pic.twitter.com/k2shtNYFrK
— Wall Street Silver (@WallStreetSilv) March 13, 2024
But Politico ignored the fact that rising home prices and resulting voter anger are largely due to Biden’s mass immigration policies.
Since 2021, Biden has admitted about 7 million southern immigrants, about 2 million legal immigrants, and at least 2 million white-collar and blue-collar temporary workers. This inflow is more than the number of children born to Americans.
The large influx has allowed landlords to raise rents, but it has also created a “demand shock” that has sent prices soaring and disrupted the construction industry.
“Suburban rents have increased by 26% since March 2020 through this July.” wall street journal report During September:
In St. Charles, Missouri, about 30 minutes from downtown St. Louis, Chapter at the Streets, a new 245-unit apartment building, began taking in tenants last month. The St. Charles market is driven by population growth, low levels of new rental supply, and a challenging home sales market.
“Rent is out of reach for a record number of Americans, with half of all renters paying more than 30% of their income on rent and utilities,” PBS said. report February 8th:
Rising rents are also fueling inflation, hurting Biden’s support. According to a report on February 13, “U.S. consumer prices rose more than expected in January due to soaring rental housing prices.” report According to Reuters.
The link between Biden’s immigration and rising rents for Americans has been quietly touted by pro-immigration advocates, even as powerless reporters at Politico, PBS, etc. remain silent about the inconsistency of progressives’ priorities. It recognized. For example, the Politico article makes no mention of immigration, even though other organizations’ sites allow the link.
“The increase in immigration has likely increased demand for rental housing, which takes longer to build, which is putting upward pressure on rents in some areas,” the official said. March report by Hamilton Project, very established.
“Immigrants…were particularly important for urban counties in 2022, becoming the largest source of growth for nearly three-quarters of metropolitan central counties.” September posts By Harvard University Joint Center for Housing Research.
“Immigration has been a major factor in slowing or reversing population declines in metropolitan areas in the Northeast and Midwest following out-migration during the pandemic.” wall street journal report March 14th:
Nationally, the core counties of the 50 largest metropolitan areas grew in population by 122,000 people, or 0.1%, last year, reversing a slight decline from the previous year, the analysis shows. These counties saw net arrivals from abroad of 566,000 people last year, a 15% increase from a year earlier, as immigration approached pre-pandemic levels.
Breitbart News has a number of reports showing that home prices are rising as people move in New York, Canada, the United Kingdom, New Zealand, Australia, and Ireland.
So far, Republican candidates and committees have ignored the political opportunity created by Biden’s immigration damage to the housing market. Part of that silence is due to close collaboration between the Republican Party and the real estate industry. many bipartisan donors.
However, Sen. J.D. Vance (R-Ohio) is a notable exception.
Mr. Biden has given no indication that he intends to curb the immigration surge so swing-voting American families can buy homes or rent apartments.
Instead, he and his colleagues are pushing housing companies to build higher-density housing, even in sparsely populated suburbs. “The bottom line is we have to build, build, build,” Biden said, according to Politico.
In reality, increasing housing production will be difficult and time-consuming, especially amid Biden’s rapid immigration, so Democrats have little choice but to make a PR splash during the 2024 election.
According to Politico, Mr. Biden and his campaign aides plan to “amplify their messaging on this issue in the hopes that acknowledging the problem and promising to fix it in a second term will alleviate voter frustration.” That’s what it means.
“Why is everything so expensive?”
Four years ago, the rent for a luxury apartment was $1,200 a month.”
“It’s currently $2,100, not including utilities.”
“Three years ago, my electricity bill averaged $45; now it averages $125…”
“I went to the supermarket yesterday, but… pic.twitter.com/zcyvXX6AC7
— Wall Street Silver (@WallStreetSilv) January 17, 2024
