With Illegals Being Deported or Self-Deporting, Foreign Demand for Rental Properties Falls, and Rents Finally Start Falling as Well

I know commenters have been hammering the direct impact of open borders on rents.

Treasury Secretary Scott Bessent says the early evidence is in: President Trump's renewed border enforcement and mass deportation campaign is easing pressure on the housing market, delivering tangible relief for renters who were hammered during the Biden years. Speaking on Fox Business Channel, Bessent pointed to fresh rent data showing apartment prices fell 1.1 percent compared to a year ago and are now down 5.2 percent from their 2022 peak, when housing costs were surging nationwide. Bessent argued the decline isn't accidental, but the predictable result of reversing what he called years of "unfettered immigration" that flooded local housing markets and forced working Americans to compete for limited supply.

Citing a recent Wharton School study, Bessent noted a near one-to-one relationship
between population growth and rent increases, saying the research found that "every one percent increase in population" translated into roughly a one percent rise in rents. "Rents are down," Bessent said, adding that the Biden administration refused to acknowledge how mass migration fueled the affordability crisis.

Could this be true? Could it really be that 60% of the demand for rental properties came from the foreign-born?

It does have a chart, which makes it True in my opinion.

Trump's boasting about the job numbers released earlier this week, but they're not great. At least, not at first glance. I think 64,000 jobs were created last month, which is a bad number. You want to see a minimum of 100,000 per month and you wouldn't say the market is strong until it gets up over 200,000.

What makes them look better is that new American jobs are going to, get this, actual Americans.

I have nothing against Hondurans or Indians or Haitians but I could not give a fuck about whether they have jobs or not. In fact, as it relates to jobs in America, I would like them not to have jobs at all.

The White House touted fresh labor data Tuesday as evidence that President Trump's economic reset is taking hold, pointing to sustained private-sector hiring, shrinking federal payrolls, and rising wages as hallmarks of what the administration calls a restored "America First" economy.

In a statement accompanying the release, White House Press Secretary Karoline Leavitt said the latest jobs report shows Trump "fixing the damage caused by Joe Biden" and redirecting growth back to where it belongs.

"Since President Trump took office, 100% of the job growth has come in the private sector and among native-born Americans -- exactly where it should be," Leavitt said, adding that wages are rising, prices are falling, and investment is pouring back into the country as the economy heads into 2026.

According to the White House, the private sector has added 121,000 jobs since September and 225,000 since August, even as the federal government has shed 168,000 positions during the same period.

Federal employment is now at its lowest level in more than a decade, down 271,000 jobs since Trump returned to office, reflecting the administration's push to rein in what it describes as an overgrown bureaucracy.

Overall, Trump's second-term economy has produced 687,000 new private-sector jobs since January, with the gains concentrated among American workers.

posted by Ace at 12:14 PM

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