Home buying thread

Tmac said:

Just went to Zillow in my area (a small college-town) to verify your assumption and $1700 will get you a 1/1 500 sq foot shanty, so not sure what you're talking about.

I think you guys are exclusively talking hunting for the lowest rents in America. So yeah, $900/mo rent exists in rural America, but if you're simply talking about the new normal, rent is out of control (thank you illegal immigration + Blackrock + H1B).

Click to expand...

When I was making that graph in the previous page, I thought it was interesting that illegal immigration was labeled so low. So I included all foreign born people and their descendants, coming up to 80 million since 1950 (23% of the US population). Grok pieced together regional data where foreign born residents mostly reside, such as Miami, New York City, etc. and came to a figure the median rental payment to be upwards of 36% of the current median. A good $4-500 dollars due to immigration, period. Then, if housing assistance was removed outright (which seemed to keep pace with immigration as a whole) - that accounts from $85-$192, also theoretically. So median rent across the US would actually be closer to half what it is currently ($1450).

If you look at inflation as additive, acknowledging things like 2008 housing bubble collapse - the figures that Grok came up with seem to track rather well.