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

Breitbart ^ | 08/29/2022 | John Binder

[ChicagoConservative27]

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.

The sky-high rents are up almost 12 percent compared to the same time last year, the analysis finds. The jump in rents now beats out last year’s record rents.

[ChicagoConservative27]

They built two new apartment complexes in my area 2020. I want to look back in the spring just for kicks. If I wanted to get an apartment the size of my house 1,300 ft², it would be 4,200 a month. No thanks.

[Lazamataz]

We are so screwed.

[SaveFerris]

Rent is.......

[aquila48]

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

Well, what do you expect when you bring in 5 million new renters in the past year and a half.

Thing is they can’t pay the rent. Guess who’s going to pay it, instead?

[Qwapisking]

Overwhelming the system in every respect has ALWAYS been the plan. The problem has always been a populace that by and large is indifferent to politics. Plato had a quote for those kinds of people. Not hard to find it.

[tet68]

Rent is...a fools game.
I know, I know...what you gonna do to begin with?
But, save, save, save and then buy and you won’t
be paying for someone else’s property.
A lesson I didn’t learn for far too long.

[Libloather]

Can’t send all of the illegals to NYC?

[Extremely Extreme Extremist]

There’s nothing wrong with renting. It still provides a basic human need: Shelter. Plus people are mobile and maybe want to live in an area for a couple of years to check it out before deciding to stay and buy a home or move.

[Jane Long]

[Theoria]

US Housing in general is a global investment these days. Good lucks kids or first time investors competing against wall street, china, boomers, etc.

[SPDSHDW]

Avg for apartments in downtown San Jose, CA is 6k a month.

[TheDon]

The wealthy psychopaths running the government are attacking us nonstop, yet we sit back and take it.

[SaveFerris]

Sometimes you’re stuck in life

I’ve been on both sides

[SaveFerris]

Thank you

[tet68]

Oh, there’s nothing wrong with it but it should be
kept to a minimum and only as long as you can move
with one pick up load.

[Leaning Right]

> There’s nothing wrong with renting. <

I don’t know how true it is in these crazy times. But I read somewhere that renting was a zero-sum game. You lose by not building equity. But you gain by not having to pay taxes and for repairs. Put that extra money in a good investment account and you’ll break even, roughly.

[Jane Long]

...you gain by not having to pay taxes and for repairs

---

That’s all built in to your rent amount.

You’re paying it.....for the owner ;-)

[Jane Long]

:-)

[unclebankster]

If you read the article and look at immigration from 1960-2022, you’ll find that there isn’t a correlation.

This article is trying to blame immigration instead of global capital inflows, high regulation, high permits, and 50 years of high density or urban growth planning.

Lack of building since 2009, high labor & material costs are also factors.

Also historically real estate is the last to capitulate to deflationary pressure, which is why smart capitalists “ramp it up” until the dam breaks.

[montag813]

(1) Blackroack buys up homes, converts to rentals
(2) Record migrants allowed in
(4) Blackrock makes billions
(5) Americans priced out of affordable housing