September 04, 2024

Rising Price of Rent

Richard Cronin

Just saw an interview of a Trump supporter from San Diego ( California no less !) who spoke about the skyrocketing cost for rent and housing and why it is so.

This not just the product of the inflation you see in groceries, gasoline, and eating out.

In the case of the housing market, we are saddled with housing for 12 million illegal (ahem, "undocumented”) aliens surging across the border for the last three years. So they are crowding into whatever shelter they can find, with government largesse to provide housing for them. Lizzie Warren and her ilk blame "corporate greed” and "buying above asking price” (and what would Lizzie expect to happen ?)

Realtors are losing their rear ends on commercial properties. The financial districts in New York and other major cities are ghost towns.

So what have the realtors done ? They’ve shifted their focus to rental properties and the market is distorted to provide illegals with accommodations paid by taxpayer dollars.

Posted by: Timothy Birdnow at 08:22 AM | No Comments | Add Comment
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