Category: Rent
‘Rents will come down’ — but not in sanctuary cities: Loan agent chronicles homes apparently abandoned by illegal aliens
A Texas real estate loan agent says houses are being abandoned by illegal immigrants.
Deportations combined with updated Federal Housing Administration policies mean fewer foreign residents, both legal and illegal, are qualifying for federal loans.
‘That’s what corporations love — they love the fact there is so many more people, whether they’re legal or not.’
An announcement in late March from the Trump administration shifted FHA policy to stop allowing non-permanent residents access to FHA loans, which are loans guaranteed by the federal government and backed by the taxpayer. According to Congress, an FHA loan requires a down payment of only 3.5% for most borrowers.
DACA recipients, H-1B holders, asylum seekers, and refugees without green cards are some of the categories no longer permitted to use FHA loans. The Trump administration said it also prevented illegal immigrants from accessing loans that they acquired under President Biden.
“Today, HUD terminated Biden’s taxpayer-backed FHA mortgages for illegal aliens,” Housing and Urban Development Secretary Scott Turner wrote on X in March. “American taxpayers will no longer subsidize open borders by offering home loans to those who enter our nation illegally.”
The policy shift left only U.S. citizens, green card holders, and select others eligible for the federal loans. Months later, a loan agent says the changes have resulted in houses being hastily abandoned.
“This week, I started doing foreclosures on undocumented properties,” a content creator named Antts Inc said in a recent viral video.
“Properties that the people had to leave in a hurry. I just left one. Pizza boxes open. Pizza was still there. All the food was still in the pantry. They grabbed whatever valuables they could, left everything else behind. These are foreclosures. So these are homes that were bought using FHA, guaranteed by the government for undocumented people,” he explained.
The loan agent said the properties come for inspection tagged as “possible undocumented immigrant” and typically have abandoned furniture or even items like fish tanks with dead fish.
The creator documents many of the houses he visits on his YouTube channel and predicts rents prices will soon start dropping.
“Rents will come down in some states it’s already happening! Don’t expect them to come down in sanctuary cities or states like California where they all flock to!” he wrote on X.
In Texas, rent costs are already drastically dropping since the same time in 2024.
RELATED: The rate cliff is real — and Washington created it
According to RentHop, studio rent has dropped by more than 11% since last December, while one-bedroom rental costs have decreased by more than 18.5%. For a two-bedroom unit, the price has gone down by about 17%.
Three- and four-bedroom rentals have stagnated or slightly increased, up by 2.6% and 0.7%, respectively.
“They drove rents up,” the Texas resident said about illegal immigrants in another video. “States like California where [illegal aliens] rent one house and there’s three families living there and they share the rent. But if you’re a single family and you’re trying to rent that house now, you gotta pay a ridiculous amount because you are one family competing with three that are living in the other house.”
He added, “That’s what corporations love — they love the fact there is so many more people, whether they’re legal or not.”
On RentHop, rent prices in Texas showed a sharp increase under the Biden administration starting in March 2021 and began a sharp decline under the Trump administration in October 2025.
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RealPage, accused of rental price fixing, settles suit with feds
A real estate website once accused of facilitating a “housing cartel” has reached a settlement with the Department of Justice.
After a more than year-and-a-half battle, RealPage and the DOJ have come to an agreement that will limit certain features on the app that renters claimed were unfair.
‘Replacing competition with coordination … renters paid the price.’
In 2024, tenants from a popular building in Jersey City, New Jersey, took RealPage to court over allegations of landlords sharing nonpublic information on the website, including vacancy data.
The tenants said the information inflated rental prices, effectively resulting in price-fixing rent across cities due to landlords using the same algorithm to dictate their prices.
In November 2023, the attorney general of Washington, D.C., submitted a different complaint against 14 other landlords operating more than 50,000 rental units in territory.
“Effectively, RealPage is facilitating a housing cartel,” said D.C.’s AG Brian Schwalb.
A DOJ suit in August 2024 seemingly tipped the scales, and now RealPage has agreed to settle on terms.
According to the DOJ’s Antitrust Division Assistant Attorney General Abigail Slater, RealPage was “replacing competition with coordination, and renters paid the price.”
The settlement stops RealPage from coordinating pricing, Slater said in a video posted to X, and forces the app to cease using competitor data to set rents in real time. As well, RealPage can no longer generate “hyper-localized pricing that pushes rent up” and must eliminate features that discourage landlords from lowering prices.
“It means rents set by the market, not a secret algorithm,” Slater remarked.
In a press release, RealPage boasted that the settlement led to no findings or admissions of liability, including no financial penalties or damages being awarded.
However, the company did reveal that it agreed to be independently monitored to confirm ongoing compliance with the new terms. Reuters reported that the monitorship will last three years and limit how RealPage collects and uses nonpublic data.
RELATED: Did rent go up? Blame AI price-fixing
Stephen Weissman, Gibson Dunn partner and former deputy director for the Federal Trade Commission, reiterated the company’s denial of any wrongdoing and blamed the spread of misinformation for alleged misconceptions on how the app operates.
“There has been a great deal of misinformation about how RealPage’s software works and the value it provides for both housing providers and renters.”
Weissman claimed that the company’s use of “aggregated and anonymized nonpublic data” has led to lower rents and more “pro-competitive” effects.
Aiden Buzzetti, president of the Bull Moose Project, told Return that he feels the settlement ensures that “Americans who rent are not subject to illegal price-fixing practices.”
Buzzetti added, “We support the Trump administration’s transformative direction to hold corporations like RealPage accountable when they violate the law.”
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LA Is Destroying Its Housing Market
SACRAMENTO, Calif. — After a series of devastating wildfires obliterated 22,500 homes, only 8,400 — or a lackluster 38 percent —…
