In this episode of "Yeah, Joe Did That"...
Let's just cut to the chase:
Between 2022 and 2024, nearly two-thirds of America’s rental demand came from the foreign-born population. Now, while U.S. families struggle to keep up with rent hikes or are priced out of their apartments and neighborhoods altogether, the U.S. Department of Housing and Urban Development (HUD) has released its latest biennial Worst Case Housing Needs Report to Congress in which the rental crisis is laid bare.
By the Numbers
The report revealed:
One key cause of elevated worst case needs is immigration. Between 2021 and 2024, the foreign-born population of the United States increased by more than 6 million—the largest such increase over such a short period in American history.
The foreign-born population now stands at more than 53 million individuals, making up the highest share of the American population in history.
This immigration-driven increase in households has contributed to a significant increase in housing demand, thus driving up housing prices. In fact, in some markets, immigration has accounted for nearly all of the increase in housing demand in recent years.
Shocked? Me neither.
The report also revealed that renter households with worst-case housing needs are very low-income families who receive no government housing assistance yet pay more than half their income on rent, live in severely inadequate conditions, or both.
During 2019–2021 — amid the COVID-19 pandemic —according to the report, household growth surged in conjunction with rising interest rates that stifled homeownership, falling incomes, and rent increases, driving worst-case needs to a record high of 8.53 million households.
From 2021 to 2023, the figure remained elevated at 8.46 million households — essentially unchanged — highlighting a persistent rental disaster. (Joe was good at creating disasters, you know — see: Bidenflation, Bidenomics, Biden's open-border policy, et al.)
ALSO CHECK OUT: New HUD Audit Exposes Biden-Era Funds to Non-Citizens and Deceased Recipients
Dems' New Buzzword Is 'Affordability,' but Mass Immigration Has Housing Market at 'Breaking Point'
While the HUD report didn't differentiate between immigrants who entered the U.S. legally and illegals who swarmed into the country by the millions during the Biden presidency, it doesn't take a census wizard to do the math — particularly with respect to the immigration numbers prior to Joe's time in office, and the onslaught of illegals that he (translation: his handlers) all but invited into the country with welcoming mariachi bands.
Yep. Joe did that — gleefully so.
"Finally, because the supply of housing is much less elastic than demand," the report explained," while further stating (emphasis, mine):
Moderating demand may be a more effective policy option than very worthwhile efforts to increase supply. We hope that policymakers, practitioners, researchers, and the public will find this report informative and compelling. We are eager to move forward with common purpose to address this great challenge.
So are most sane Americans.
Then again, from Chicago Mayor Brandon Johnson to incoming New York City Mayor Zohran Mamdani to Los Angeles Mayor Karen Bass, and other big-city Democrat mayors, something tells me the rental fiasco isn't going to change for the better anytime soon.
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