Treasury Secretary Scott Bessent says President Donald Trump’s mass deportation agenda is helping to bring rents down for working- and lower-middle-class Americans.
Last month, apartment rents fell 1.1 percent compared to the same time last year and dropped 5.2 percent compared to the same period in 2022 when rents had peaked.
During an interview on Fox Business Channel, Bessent credited deportations for helping drive down rents and pointed to a recent study from the Wharton School of the University of Pennsylvania, which found a deep correlation between immigration and housing.
“Rents are down. You know the story that the Biden administration…
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