In this episode of Renter Confidential, we dive deep into the complexities of the current housing crisis exacerbated by a surge in immigration. As cities across America grapple with an influx of migrants / illegal immigrants, the mayor of New York warns that the situation could lead to financial disaster. With shelters overflowing, hotels converted into temporary housing, and even schools and recreational centers being repurposed, the rental market will face enormous pressure once these temporary housing measures come to an end.
We explore the implications of this crisis: where will these newcomers find permanent housing, and what will it mean for you as a renter? We confront the startling statistics behind the housing deficit in the U.S., how the high rents during rental season will be affected, and the potential strain on local resources. As we seek to understand how to maintain a functional society amidst significant demographic changes, we also look at how landlords will respond to these pressures.
Join us for an insightful conversation on the impacts of policy, real estate demands, and the future of renting in America. Whether you’re an experienced renter or looking for your first place, this episode will equip you with the insider knowledge you need.
Sponsor: Apartrment Search Secret (rentalsecrets.net)
https://www.sciencedirect.com/science/article/abs/pii/S0094119019300233
https://www.washingtonpost.com/immigration/2024/02/11/trump-biden-immigration-border-compared/
https://worldpopulationreview.com/us-cities
https://fred.stlouisfed.org/series/COMPUTNSA
https://www.fhfa.gov/Videos/Documents/Freddie-Mac_FHFA-Fall-Summit_10262021.pdf
https://realeconomy.rsmus.com/the-american-housing-deficit-and-what-it-takes-to-overcome-the-issue/
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