Earlier quoted context omitted.
The "deportation of illegals" cannot reduce rents unless you think that undocumented workers are competing with Americans to pay $3k/mo rents in major cities, instead of living in RVs or cramming into small rooms. It can increase rents because immigrants build houses and do mental jobs like cleaning. > Could this be driven by the push to return to the office? A little. People still want to live in desirable areas for…
You cannot reduce rent period. Inflation is permanent typically, you can slow the rate of increase but prices don’t go back. Even massive building projects like the yimby’s lobby for can’t move the needle on housing costs according to economists who study the issue. If you are a renter in Silicon Valley you are absolutely competing with non-citizens who are paying 3k for 1 and 2 bedroom apartments. That’s why so many…
Sorry, you think the government is giving low-skill non-citizens thousands of dollars a month to live in the most expensive parts of the country?
That's an utterly ridiculous claim and I would like to see proof.
> Section is likely a factor but I don’t know that non-fully legal residents get section 8. It certainly wouldn’t surprise me if they did.
I think you have bad priors and are assuming that welfare is a lot more generous than it really is. To qualify for Section 8, you must be a citizen or here on a permanent resident visa. If you are not in the country legally, you generally cannot access welfare.
> You cannot reduce rent period. Inflation is permanent typically, you can slow the rate of increase but prices don’t go back. Even massive building projects like the yimby’s lobby for can’t move the needle on housing costs according to economists who study the issue.
This is trivially wrong. Just Google "rent declines."