Posted on 06/03/2024 4:25:05 AM PDT by NetAddicted
President Joe Biden has imposed a huge migration tax on young Americans’ housing costs, but his tame media allies are hiding the evidence.
“A shortage of housing, inflation, and high interest rates are squeezing renters around the country and pricing out potential home buyers,” the Washington Post told its readers on May 28 under the headline “Skyrocketing rents and home prices may be pivotal in the 2024 election.”
The New York Times provided its readers the same don’t-blame-Biden’s-migration theme on May 27 with the vague headline, “America’s Affordable Housing Crisis”:
President Biden worries about high housing costs … Tens of millions of families, across red and blue states, struggle with rent and home prices. The reason is a longstanding housing shortage.
But senior bankers, tax collectors, and business publications admit the obvious to each other: Migration makes it harder for Americans to rent or buy because it spikes housing demand, spurs inflation, and raises interest rates.
The president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, told the U.K.’s Telegraph newspaper on May 29:
We under-built after the great financial crisis, we under-built homes in the US for more than a decade. So there’s a shortage of homes. And then you have an increased demand for housing after Covid … And then we have a big surge in immigration in the last few years. They obviously need a place to live.
The reporters’ coverup is not surprising, said Mark Krikorian, director of the Center for Immigration Studies, adding:
It’s like it’s a taboo … I’ve seen them going through ridiculous contortions to avoid blaming Biden for the border crisis he caused....
============================================================
FROM THE HOMEPAGE
Chuck Schumer Booed During Speech at NYC Israeli Parade,
El Salvador’s President Tells Donald Trump Jr.: ‘We Don’t Jail the Opposition'
(Excerpt) Read more at breitbart.com ...
My combine shop rent and utilities have gone up $2100 per month.
Materials and consumables up double. Can’t wait for his second term...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.