According to the Wall Street Journal report (via Breitbart News [1]), rent prices are finally easing across the country – coinciding with fewer folks waltzing through our borders into the U.S. and the fact that President Donald J. Trump is deporting illegal aliens.
Yes, WSJ actually admits that because of Trump’s crack down on international immigration, the “influx” of “new foreign residents” is slowing down.
Imagine that: fewer newcomers i.e. illegal aliens/future Democratic voters = fewer competing for those shiny apartments = less upward pressure on rents. It’s Econ 101.
Vice President JD Vance recently weighed in on soaring rent prices, blaming former President Biden’s border crisis: “You cannot flood the United States of America with 20, 30, 40 million people who have no legal right to be here, have them compete against young American families for homes, and not expect the price to skyrocket. It’s simple supply and demand. You increase the demand, they (landlords) increase the price.”
Trump’s immigration policies are doing what Biden’s never could: putting Americans first and bringing basic economics back into housing. When you stop turning the border into a revolving door, rent prices finally stop climbing the walls.