Trump: Biden's Mass Migration Is Skyrocketing Rents, Housing Costs

Discussion in 'Elections & Campaigns' started by kazenatsu, Jun 8, 2024.

  1. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    Donald Trump in Arizona: Biden’s Mass Migration Is Skyrocketing Rents, Housing Costs for Americans

    Former President Donald Trump says record illegal immigration to the United States on President Joe Biden’s watch has sent rents and housing costs skyrocketing for Americans. During a speech in Phoenix, Arizona, on Thursday evening, Trump focused on the Biden administration’s transformation of the United States-Mexico border into a European-style checkpoint where tens of thousands of migrants cross every couple of weeks, are briefly detained, and then released into the nation’s interior.

    “In total, crooked Joe has imported more illegal aliens than the populations of 40 out of 50 states,” Trump said. “This is unsustainable.”
    The result, Trump said, is sky-high rents and housing costs for America’s working and middle class who must compete with a growing number of foreign-born residents for limited apartments and affordable homes.

    https://www.breitbart.com/politics/...n-skyrocketing-rents-housing-costs-americans/


    Is Trump right? How much is immigration to blame for the housing crisis and unaffordable housing costs?


    some other threads:
    Cost of living crisis so bad that many young adults fear becoming homeless
    Cities pursuing controversial policy of allowing high-density housing
    Oregon is having to repeal a law that limited growth of cities, due to population increase

    It has now become the norm for young adults to live with their parents
    Younger generation moving to rural regions because they cannot afford housing

    And we can look at what's happening in Canada:
    Canada has a housing crisis, could be a warning for U.S.
     
  2. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    Notice how the country's population has increased 2.5% in only one and a half years, between 2022 and 2024.

    Meanwhile the average birth rate is at only 1.62 births per woman. (Keep in mind anything below 2.1 would normally lead to population decline) So all of this population increase (actually more) is due to movement of migrants coming in from other countries.

    And a big part of the reason the birth rate is so low may be due to immigration, since with housing shortages and high housing costs, many people do not feel they can afford to start families.

    It also seems there are some signs the U.S. is starting to run out of the "good" jobs.
    Fewer jobs available for those with college degrees, as economy slows (June 2024)
     
    Last edited: Jun 8, 2024
  3. Oh Yeah

    Oh Yeah Well-Known Member Past Donor

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    Only the tip of the iceberg. The long-term Biden and world economist's view is to eventually do away with the present fiat money and replace it with digital currency. The purpose is having control over every aspect of the population's life. It will be like a reset of money and debt. Those who complain will find their accounts frozen. Don't want to buy a Electric Vehicle? Freeze the use of any currency at gas stations. Only digital currency will be able to buy approved appliances and products deemed as environmentally friendly. All transactions will be recorded on all purchases of any kind. Perhaps your spending will show your living a lifestyle that is unhealthy. There are numerous situations that the government can take control of like rent's, healthcare, wages, political leanings, etc. All those 3 letter agencies like IRS, FBI, CIA, DOJ, etc. will be the watchdogs and use your own police force to enforce and arrest those who do not comply.

    I'm not even sure if Gold, Silver or Bitcoin will be safe from confiscation. Biden and Jared Bernstein's policies need to more investigated for their long term plan.
     
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  4. WalterSobchak

    WalterSobchak Banned

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    Oh look, another dog whistle for trump adoring rightists. Their mango messiah blames all of the Countries woes on immigrants because fear is how he controls his flock.
     
  5. WalterSobchak

    WalterSobchak Banned

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    LOL, is there a conspiracy that rightists don't believe in? Cause this one is a whopper! LMAO
     
  6. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    Meanwhile, those on the progressive Left will blame all the economic problems caused by bad policies on "the capitalist system".

    Just ignore and deny the inconvenient effects & consequences you don't like, or wish did not exist.

    It's very basic economics that when demand starts outstripping supply, price levels start going up.
    Right now, there are severe housing shortages in many areas of the country. Especially when it comes to the more affordable homes. This is being driven by population increase. (And that population increase is being entirely driven by immigration, not natural increase)

    Perhaps the economy could eventually handle more people in the future. But the thing is, the population numbers seem to be increasing faster than real economic growth rate can actually keep up. Lower income people are requiring more (additional) homes than the number of new homes wealthier people are building.
    And the remaining good economic opportunities are increasingly concentrated into just a relatively small handful of overcrowded big city areas - and there only exists very limited space around these areas to build new homes. It's not like the late 1800s when more new cities were being built, out in regions of the country that did not yet have high population levels. We don't really see new regions of the country driving economic prosperity. Rather just the opposite trend has been occurring over the past 50 years.
     
    Last edited: Jun 9, 2024
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  7. Steve N

    Steve N Well-Known Member Past Donor

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    So you don't think millions and millions of illegals don't put a strain on us? They suck up housing, they use electricity and water, they're filling our schools, they drive gas powered cars on our roads, they commit crimes, they suck up court time, they take prison beds, they suck up resources at hospitals and clinics, etc. While all that is happening, American sanctuary cities are screaming and hollering about the costs of taking care of the illegals. Denver and NYC have slashed money allotted to city programs and have literally cut the number of cops and firemen being hired and are using that money to pay for the illegals.

    If Trump said it's dangerous to swim in a lake filled with alligators, you and yours would be screaming that it's perfectly safe. You just want to disagree with anything he says even after you religiously watched his TV show for more than a decade.

    Under Biden, we're spending billions of dollars on foreigners inside and outside our country. The illegals in this country are costing EVERY man, woman and child in this country more than $1,300.00. Are you OK with that?

    Border Crisis Costs American Taxpayers $451 Billion Annually, House GOP Report Claims
    https://www.msn.com/en-us/news/poli...-annually-house-gop-report-claims/ar-AA1jSbz0
     
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  8. Steve N

    Steve N Well-Known Member Past Donor

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    Biden's open border caused higher prices for hotel rooms and are costing NYC a fortune.

    We did it, Joe!

    Why N.Y.C. Hotel Rooms Are So Expensive Right Now

    The average hotel room rate in the city is $301 a night, a record. A major reason: One of every five hotels is now a shelter, contributing to a shortage of tourist lodging


    In late 2022, as thousands of migrants began to arrive in New York City, city officials scrambled to find places to house them. They quickly found takers: hotels that were still struggling to recover from the pandemic-driven downturn in tourism.

    Dozens of hotels, from once-grand facilities to more modest establishments, closed to tourists and began exclusively sheltering migrants, striking multimillion-dollar deals with the city. The humanitarian crisis became the hotel industry’s unexpected lifeline in New York; the hotels became a safe haven for tens of thousands of asylum seekers.

    Two years in, as the city’s peak tourism season is about to begin, the migrant crisis has helped dramatically shift the hotel landscape in New York. The conversion of hotels to shelters has sharply decreased the supply of rooms just as tourist demand has risen, nearly to prepandemic levels, and is projected to match a record high.

    The migrant shelters — along with other factors that include inflation, the loss of Airbnb short-term rentals and an expected decline in new hotel construction — have propelled the nightly cost of an average room to record levels.

    The average daily rate for a hotel stay in New York City increased to $301.61 in 2023, up 8.5 percent from $277.92 in 2022, according to CoStar, a leading provider of commercial real estate data and analysis. During the first three months of 2024, when prices traditionally dip, the average stay was still 6.7 percent higher than during the same time period last year: $230.79 a night, up from $216.38 in 2023.

    About 135 of the city’s roughly 680 hotels entered the shelter program, with many congregated in Midtown Manhattan, Long Island City in Queens and near Kennedy International Airport — all traditional magnets for tourists. Participating hotels are paid up to $185 a night per room, according to the city. Not a single one has converted back into a traditional hotel.

    The Midtown hotels include the Row NYC Hotel, a four-star hotel in the middle of the theater district, and the century-old Roosevelt Hotel near Grand Central.

    The use of city hotels for migrants represents a loss of 16,532 hotel rooms, leaving 121,677 hotel rooms for travelers, according to data compiled by CoStar, a leading provider of commercial real estate data and analysis.

    That’s 2,812 fewer hotel rooms than existed in the period just before the pandemic — a shortage that is being acutely felt. “During peak periods, try getting a hotel on a Tuesday, Wednesday or Thursday night in midtown Manhattan, and, if you can, you could end up paying dearly,” said Daniel H. Lesser, a co-founder of LW Hospitality Advisors. “It’s all supply-and-demand related, and the migrant rooms have reduced the amount of supply.”

    About 65,000 migrants are being sheltered in hotels, tent dormitories and other shelters, in large part because of the city’s legal obligation to provide a bed to anyone who needs one. The city projects it will spend $10 billion over three fiscal years on the migrant crisis.


    https://www.nytimes.com/2024/05/25/nyregion/hotels-prices-migrants-nyc.html
     
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  9. mdrobster

    mdrobster Well-Known Member

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    Housing prices and the like, property values have been going up, regardless of the illegals.
     
  10. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    If you think the illegals are snapping up $600K houses, then.....well, you are not thinking clearly.
     
  11. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    Actually they are. In some very high cost of living areas (such as southern California, the San Francisco Bay area, and right around New York City).
    It's definitely not just one couple living in a $600K home though.
    Typically they'll pack multiple people together like sardines. I remember a former police officer telling me he used to get calls all the time around an immigrant neighborhood in southern California, and it was not uncommon for 40 immigrants to be packed into a modest sized single family home. There were people sleeping in the garage, in the living room on the couches, on the floor. Two bunk beds in every bedroom. Sometimes they even slept in shifts because there was not enough room for everyone to sleep in there at the same time.
    Of course you could never find parking on the street, because there were so many persons living in many of the homes in that neighborhood.

    But otherwise, for the most part, they are taking the cheaper more affordable homes.
    Often the type of starter homes young families without much money used to live in.
     
    Last edited: Jun 9, 2024
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  12. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    Well, then you should know that's not what is driving up the housing market.
     
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  13. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    Are you saying housing shortages are not what you think is mainly driving the housing market?
     
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  14. Quantum Nerd

    Quantum Nerd Well-Known Member

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    Aren't righties always claiming that wealth is infinite? Supposedly, if someone has billions, it does not hinder someone poor to become wealthy. Wouldn't that mean that an immigrant owning a house should have no effect on someone else wanting to buy a house?

    BTW: The reality is that in a finite world, infinite wealth is impossible. However, righties always want to have it both ways, depending of where their argument is going.
     
  15. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    Hmm, to me, that seems to sound more like something the Left thinks.
    Spend money like crazy, and there's always more of it, wherever it came from.

    Those "righties" you refer to are actually Neoliberals. They don't represent all of the Right or conservatives in the Republican umbrella.
    I doubt, for example, Trump would say that "wealth is infinite".
     
    Last edited: Jun 9, 2024
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  16. JET3534

    JET3534 Well-Known Member

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    You have falsely conflated the law of supply and demand with zero sum game theory, i.e., a red herring fallacy.
     
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  17. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    You're correct that there is an inconsistency there.

    Though I think it does apply more to immigrants, because of the issue of available jobs, public resources, and available land space in certain areas.

    another thread with some more detail: How much rising population has raised rents (Oct 17, 2020)

    The rich, I suppose, could buy up large tracts of land near desirable big city areas, and pump money through the banking and financial system into buying up the equity in homes, funneling mortgage payments to them (in the form of interest) and pushing up prices.

    I think the two also play very much into each other, as well. With immigration making it easier for investors with money to exploit and gain.

    I mean for example, when there's a shortage of home options, and demand for housing has outstripped supply, it's easier to find people who are pushed into having to be renters.
     
    Last edited: Jun 9, 2024
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  18. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    In a normal economy, if landlords start raising their rents too high, tenants will start deciding to move out. Because other cheaper options exist as an alternative. So landlords will be reluctant to raise their rents too high, otherwise they will start losing tenants, and that would mean lower overall profits.

    But when there is an excess of people relative to the supply of housing, this does not happen. A landlord can raise the rent, and some tenants might leave, as a result, but there will still exist plenty of other prospective tenants desperately needing that place, and willing to pay, even though it may be difficult for them to afford it.

    And immigrants do often tend to be more desperate and willing to spend a higher percentage of their income on rent. Because even if most of their income is eaten up in high rent costs, it's still better than things were in the country they came from.
     
    Last edited: Jun 9, 2024
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  19. Quantum Nerd

    Quantum Nerd Well-Known Member

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    Non-zero sum, which is the concept behind all of economic theory, requires that there is eternal economic growth. Unfortunately, infinite economic growth in a physically finite system is impossible, just as it is impossible to build infinite numbers of houses in a finite space. Therefore, there is no fallacy behind my analogy.

    BTW: Unlike in man-made economic, non-zero sum world, in the physical world the game is actually not even zero sum, it is negative sum. The entropy penalty always has to be paid. In our exponentially growing economy, we are shielded, however, from noticing this entropy penalty. Why? Because of cheap fossil fuel energy, which, unfortunately, is also finite. Therefore, the gravy train will eventually stop.
     
    Last edited: Jun 9, 2024
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  20. WalterSobchak

    WalterSobchak Banned

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    Yes, yes. Everything wrong with our country is always the scary immigrants fault according to mango loving rightists.
     
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  21. WalterSobchak

    WalterSobchak Banned

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    Every election cycle, rightists identify a new villain. When Obama was POTUS, Muslim communists were the evil ones. With mango Mussolini, he has his cult believing that immigrants are the devil.

    Can't wait to see who our next antichrist will be according to rightists in the next election.
     
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  22. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    I think the reality is just a little bit more complicated. It's a combination of non-zero sum and zero sum things interacting with each other in different ways.
    For example, there is a large land area, plenty of low population regions in the U.S., but also most of the good job opportunities and desirable places to live are concentrated into a much smaller handful of areas, which arguably seem to have too many people. So the available land space around and close to desirable city areas does seem to be very much more like zero sum.

    And unfortunately, for reasons just a little too complicated to go into here, good job opportunities are not non-zero sum, so much. (I'm not saying they are all zero sum, either)
    thread on that here: People don't just create jobs, it's not that simple (Economics, Dec 26, 2023)

    We saw that with most cities in the Rust Belt region. When the manufacturing disappeared (and money stopped flowing into the region from other areas), the whole area entered long-term economic recession and decline, and led to population loss.
    If jobs were really non-zero sum, and it were that simple, then the question needs to be asked why couldn't the population in this area just create their own good jobs? Why were so many forced to have to move away?

    Or what about all those poor people coming from Europe, and on the East Coast in the late 1800s who had to move West in America to find land and better opportunities?
    It's estimated that a quarter of the entire population of Ireland and Sweden left to go to America, due to the poverty there, at the time.
     
    Last edited: Jun 10, 2024
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  23. FatBack

    FatBack Well-Known Member

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    Yes of course because millions of people being absorbed into our country have absolutely zero effect and they are not consuming the resources that our citizens need.

    They must just exist in some magical limbo where they don't actually take up housing
     
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  24. FatBack

    FatBack Well-Known Member

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    And the bidenista cult is scared of the big boogie man of the conservative fascist.
     
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  25. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    I said the illegal immigrants are not driving up the housing market, for the reason I already mentioned (almost all of them are broke).

    Typically older people who retire sell their family sized houses and downsize, but now they are choosing to stay put because they do not want to take a mortgage with current rates. Also, construction costs are expensive due to lack of construction workers, and price of materials is up.
     
    Last edited: Jun 10, 2024
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