Snapshot · PBD Podcast
After years of building, Austin median rents fell from $1,547 to $1,325, and some areas saw nominal price drops of up to 20%, illustrating how increased housing supply drives down costs.
Where this was said
At 1:48:20 · chapter starts 1:41:00
Patrick reads the full Fed Dallas paper findings: a 1% increase in unauthorized workers corresponded with a 2.2% rise in home prices and 1.4% rise in rents; unauthorized workers accounted for roughly 30% of employment growth, 30% of home price growth, and 20% of rent growth in the average metro area from 2021 to 2024. [1] — Tom Ellsworth "A Federal Reserve Bank of Dallas working paper found that unauthorized immigrants drove roughly 30% of home price growth and 20% of rent gr…" 1:43:00 Tom Ellsworth identifies the two-punch combo — 7 million immigrants driving demand while Biden's inflation drove asset prices — as the direct cause of the affordability crisis now being blamed on capitalism. Adam Sosnick translates this into a clean supply-and-demand narrative: more people need homes, supply didn't keep pace, prices exploded. Vinny Oshea argues no mainstream outlet will cover the story because it vindicates Trump and indicts Biden.
A Federal Reserve Bank of Dallas working paper found that unauthorized immigrants drove roughly 30% of home price growth and 20% of rent growth in average U.S. metro areas between 2021 and 2024 — on top of Biden's inflation. Tom Ellsworth calls it the double punch that created the affordability crisis and predicts mainstream media will never cover it.
The Fed Dallas paper estimated unauthorized immigrant workers accounted for roughly 30% of home price growth in average U.S. metro areas between 2021 and 2024.
The same Federal Reserve paper estimated unauthorized immigrant workers drove roughly 20% of rent growth in average U.S. metro areas between 2021 and 2024.
A Federal Reserve Bank of Dallas working paper found that approximately 7 million unauthorized immigrants arrived in the U.S. between 2021 and 2024, an unprecedented boom in illegal immigration.
Minnesota Governor Tim Walz, Attorney General Keith Ellison, and Chief Justice Natalie Hudson voted to pardon an illegal alien convicted of repeatedly raping a 10-year-old girl, weeks before he was set to be deported.
Minnesota Governor Tim Walz, Attorney General Keith Ellison, and Chief Justice Natalie Hudson voted to pardon Thu Luu Vang, an illegal alien convicted of repeatedly raping a 10-year-old girl between 2002 and 2004 — weeks before he was set to be deported. Vang justified his actions as 'cultural.' The pardon effectively blocked his removal from the U.S.
Bhanu grew SiteGPT to $13,000 monthly recurring revenue entirely through organic channels, spending nothing on paid marketing.
More than 1 million people have visited SiteGPT's website since launch in March 2023, all through organic channels.
Approximately 90% of SiteGPT's Google search traffic comes from the free tools Bhanu built, not the main product pages.
Bhanu sold his first SaaS product, Feather, for $250,000 so he could focus fully on the faster-growing SiteGPT.
SiteGPT has generated approximately $500,000 in total revenue since its launch in March 2023.
The average customer lifetime value for SiteGPT is approximately $1,700 to $1,800, which Bhanu considers unusually high.
SiteGPT receives around 50,000 visitors per month, of which about 200 convert to leads and 60 start free trials.
SiteGPT hit $10,000 MRR within its very first month of launch, driven largely by early traction in the AI chatbot space.
Despite strong download numbers, PropGPT could not push past $1,000–$2,000 MRR due to poor product retention.
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