President Joe Biden has imposed a significant migration taxes on the cost of housing for young Americans, but his clumsy internet friends are keeping the proof a secret.
” A shortage of housing, prices, and high interest rates are squeezing homeowners around the country and prices out potential home buyers”, the Washington Post told its audience  , on May 28 under the title “Skyrocketing prices and house prices may be important in the 2024 poll”.
The New York Times provided its , readers the exact do n’t- blame- Biden’s- recruitment design on May 27 with the vague title,” America’s Affordable Housing Crisis”:
President Biden is concerned about rising housing prices because tens of millions of individuals fight with rent and home costs across red and blue says. The cause is a long-standing cover shortage.
But older bankers, tax collectors, and business magazines admit the visible to each other: Migration makes it harder for Americans to rent or buy because it spikes cover desire, spurs prices, and raises interest rates.
The president of the Federal Reserve Bank of Minneapolis, Neel Kashkari,  , told the U. K.’s Telegraph newspaper on May 29:
After the great financial crisis, we under-built homes in the US for more than ten years. So there’s a shortage of homes. After Covid, there has been an increase in housing demand, and there has also been a significant increase in immigration in recent years. They must have a place to live, after all.
The reporters ‘ coverup is not surprising, said Mark Krikorian, director of the Center for Immigration Studies, adding:
It seems like a taboo because they’ve seen them engage in ridiculous contortions to avoid blaming Biden for the border crisis he caused, for instance, by blaming ] bad harvests brought on by climate change. They are engaging in contortions to avoid actually addressing the root causes because that would imply that they are Republicans ‘ friends.
Migration and Housing Costs ,
Since early 2021, Biden has encouraged and welcomed a massive inflow of roughly 10 million legal, illegal, and quasi- legal migrants.
For every American born during his term, that is roughly one immigrant. This enormous inflow has caused higher rents and housing costs.
In turn, rising housing costs cause the national inflation rate to rise, which then causes the monthly mortgage payments and mortgage rates to rise.
Here’ s a breakdown showing shelter was by far the biggest contributor. pic. twitter.com/DY0Q441eUR
— Kathy Jones ( @KathyJones ) March 14, 2023
For example, a housing cost index for 20 cities climbed 7.4 percent year from March 2023 to March 2024, according to , data released late May.
That is Biden’s triple immigration punch to the face of many American families: lower wages, higher prices, and higher mortgage payments , that have doubled from roughly$ 1, 400 in January 2021 up to almost$ 2, 800 in April 2024.
That adds up to a$ 14,400 annual migration-related Biden housing tax that the media claim is something that goes beyond and above Biden’s control.
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Matt Perdie / Breitbart News
National maps of housing prices illustrate the impact of migration. For example, the Washington Post produced a useful map on May 14 that showed a sharp 12.7 percent jump in housing prices in the once- quiet town of Whitewater, Wisconsin. Under Biden, the town and its surrounding farms have been flooded by at least 1, 000 migrants.
Housing prices in Hammond, Indiana, have jumped by 7.2 percent , in one year as migrants shared , cramped housing to take nearby jobs for lower wages.
Because many illegal and quasi-legal migrants want higher urban wages and are willing to foot the bill for shared apartments and beds, migration has a particularly hard impact in cities. For example, a landlord can get more profit by renting to 12 hard- working, rent- sharing migrants than to one middle- class American family. Similarly, Americans flee from high- migration districts by competing for housing in adjacent districts.
Biden’s migration has many victims in addition to Biden’s 2024 campaign. The Post article described Nevada:
LAS VEGAS — D. Carter paid$ 1, 525 for rent, cable and WiFi for her one- bedroom apartment until her monthly rent jumped to$ 2, 100 last year.
Carter, who requested that her first name not be used when speaking on the condition that her first name not be used, considered purchasing but quickly realized that with interest rates hovering around 7 %, she was priced out. She found a new apartment in a decent part of town after months of searching, but said she , still pays up to 50 percent of her fluctuating$ 50, 000 to$ 70, 000 income from her banking job for rent.Housing is largely a local issue, yet it’s presenting a challenging and complex problem in Nevada and other battleground states with implications for this year’s race between , President Biden , and former president  , Donald Trump.
However, banks and media outlets quietly acknowledge the damage.
” All up, thirteen economies]with high immigration ] across the developed world were in per- capita]per- person ] recessions at the end of last year, according to]an ] exclusive analysis by Bloomberg Economics”, the publication , reported , on May 5, adding:
While there are other factors— such as the shift to less- productive service jobs]instead of manufacturing ] and the fact that new arrivals]migrants ] typically earn less — housing shortages and associated cost- of- living strains are a common thread.
” Global Migration Boom Keeps Housing Costs High:  , Surging immigration is boosting rents and supporting home prices, complicating inflation flight” , , articles/global-migration-boom-keeps-housing-costs-high-5fc84b7f?mod=Searchresults_pos1&page=1″ target=”_blank” rel=”noopener external”>said , the headline above a July 2023 article in the , Wall Street Journal. The report cited a , May study  , by Goldman Sachs, which articles/global-migration-boom-keeps-housing-costs-high-5fc84b7f?mod=Searchresults_pos1&page=1″ target=”_blank” rel=”noopener external”>said in an email that “rebounding immigration” is helping investors by bumping up housing prices:
[A] post-pandemic recovery in immigration appears to be boosting population growth, which results in a rise in housing demand and a decrease in house prices ( Exhibit 5 ). This dynamic seems particularly significant in Australia and Canada, where immigration and population growth have both rebounded most significantly.
Housing in the 2024 Election
The damage is so great that Biden’s allies are worried for his 2024 chances.
” Immigration shapes up as a , defining issue , in the November presidential election”, lamented Bloomberg’s writers.
” It is a first- tier issue almost everywhere”, admitted Shaun Donovan, who worked as housing secretary for President Barack Obama. He told the AP,” That is changing the national politics around it in a way that is quite different than I’ve ever seen.”
Wall Street analyst Mark Zandi told the AP,” This will significantly impact voters ‘ perception of the economy.” He criticized Trump for his planned migration cuts, which would reduce housing costs by 4 percent in 2018 and 2019 when he first announced them in 2016.
Establishment media outlets attempt to keep the public out of the loop by omitting any mention of Biden’s immigration in articles about housing costs.
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Seattle Police Department
The Associated Press reported to its readers across the country on March 15:” The United States is slogging through a , housing affordability crisis that was decades in the making.  ,” That’s like the biggest problem for Biden because it’s not one that he can solve”, Daryl Fairweather, chief economist at the brokerage Redfin insisted to the AP.
Reporters in the establishment media cannot cover the issue, said Krikorian.  ,” It’s sort of a superstition not to invoke the term” immigration, “like as if you’re saying Beetlejuice three times, then Beetlejuice shows up”, Krikorian said.
He laughed,” They’re afraid that if they say immigration in an article, something bad will happen to them, or the great unwashed deplorables will do some terrible xenophobic thing.”
However, many reporters and editors leave lingering impressions of the unfavorable term in their articles. For example, the AP reporter hinted at migration with his sentence:” At the root of this problem: America failed to build enough homes for its growing population“.
