this post was submitted on 01 Dec 2024
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politics

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[–] [email protected] 9 points 2 days ago (10 children)

Might bring down house/rental prices. Won't bring down insurance prices, will increase prices of everything else.

[–] [email protected] 6 points 2 days ago (8 children)

If I'm a landlord and a bunch of tenants get booted from the country, not move, I'm not lowering prices. Prices are getting raised to cover the loss in revenue.

If people were moving, it would mean someone else had better prices or apartments and I was charging too much. Because they just vanished, it means that my relative position in the market remains unchanged, and I'm just getting less revenue.

And I mean, c'mon. Have you ever heard of a landlord lowering rent?

[–] GroundedGator 9 points 2 days ago (2 children)

Imagine a 100 unit building. Most management companies stagger the leases to minimize time empty and maintenance hours (empty units need to be made ready for new tenants if 10 units become vacant in the same week, it will likely mean more time unoccupied).

Now, in Miami-Dade, the most populous and the least diverse country in Florida, 80 units suddenly become unoccupied and unpaid for. This would be financially devastating for the company. They will do what it takes to get tenants in leases and yes prices will drop.

Many of the apartments in the area are all under a handful of corporate companies. Conservatively they could lose 40% occupancy in a few months. Compound this in that there would also be a similar loss in the number of potential occupants. They would also likely lose most of their maintenance staff.

South Florida (Palm Beach, Broward, Miami-Dade) has a very large migrant population. Among this population you have Haitians, Cubans, and Venezuelans who have protected statuses that will likely end. These statuses also mean that the government will know exactly where to go to start the process of removal.

[–] leadore 3 points 2 days ago* (last edited 2 days ago)

You're making the assumption of one person per apartment and one deportation = 1 vacant apartment which is highly unlikely. Probably a whole family in the apt. so it may not even be vacated at all if one member is deported. Even if the whole family is deported that's only like 1 vacant apartment per at least 4-5 or more deportations. So yes, more housing will become available but not as much as you are estimating. IMO the effects will be felt much more in the labor shortage than in housing surplus.

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