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Message
Biden-era illegal immigration drove up housing costs 30% according to Fed Economist.
Posted on 7/5/26 at 6:51 pm
Posted on 7/5/26 at 6:51 pm
No wonder homeowners and banks loves the illegal alien.
What this means for prices.
Yet, so many want to defend Biden and his democrat puppeteers.
Fed Reserve Research!
quote:
Each 1% increase in unauthorized workers corresponded with about a 2.2% rise in home prices and a 1.4% increase in rents.
What this means for prices.
Yet, so many want to defend Biden and his democrat puppeteers.
quote:
The large increase in unauthorized immigration into the U.S. from early 2021 to early 2024, and its subsequent rapid decline, have been unprecedented in modern times. According to the U.S. Congressional Budget Office (Congressional Budget Office, 2026), net entry of this category of immigrants added roughly 7 million people to the U.S. population over 2021 to 2024 (1.75 million per year), nearly double that of legal immigration. To put this growth in perspective, net unauthorized immigration—that is, immigration of individuals who entered the country without being formally admitted for purposes of immigration law averaged only 0.1 million a year from 2000 to 2019 and was slightly negative from 2010 to 2019.
Fed Reserve Research!
This post was edited on 7/6/26 at 8:51 am
11
Posted on 7/5/26 at 6:54 pm to Timeoday
No shite. Increased immigration is going to require more housing, medical, education, retirement, social security, food. Increased demand equals higher costs.
Posted on 7/5/26 at 6:54 pm to Timeoday
Things you can learn from a community college Econ class.
Posted on 7/5/26 at 7:00 pm to Timeoday
quote:
Lies! Capitalism, Trump and greedy boomers raised prices!"
Posted on 7/5/26 at 7:04 pm to jrodLSUke
quote:
No shite. Increased immigration is going to require more housing, medical, education, retirement, social security, food. Increased demand equals higher costs
Literally what professors teach on day one of economics 101. The old supply and demand is undefeated.
Posted on 7/5/26 at 7:07 pm to Purple Spoon
quote:
Things you can learn from a community college Econ class.
Still trying to understand how an illegal immigrant can borrow money to buy a house in the USA.
"Hey, I need 500K to buy the house and I am here illegally".
Posted on 7/5/26 at 7:15 pm to Purple Spoon
quote:
Things you can learn from a community college Econ class.
Posted on 7/5/26 at 7:32 pm to Timeoday
Ask Lsurussian what his take on this is. I remember arguing this very thing to him a while back
Posted on 7/5/26 at 7:33 pm to Timeoday
quote:
drove up housing costs 30%
That's not what the paper says
Posted on 7/5/26 at 7:39 pm to SlowFlowPro
This is literally the title: Biden-era illegal immigration drove up housing costs, Fed economists find
Each 1% increase in unauthorized workers corresponded with about a 2.2% rise in home prices and a 1.4% increase in rents.
Each 1% increase in unauthorized workers corresponded with about a 2.2% rise in home prices and a 1.4% increase in rents.
Posted on 7/5/26 at 7:40 pm to Timeoday
quote:
"Hey, I need 500K to buy the house and I am here illegally".
If you don’t approve their loan you are a racist.
Just like if you report a bunch of 3rd grade educated Shitmalis for fraud.
Posted on 7/5/26 at 7:41 pm to ninthward
quote:
Biden-era illegal immigration drove up housing costs, Fed economists find
Each 1% increase in unauthorized workers corresponded with about a 2.2% rise in home prices and a 1.4% increase in rents.
None of that disputes my comment.
Posted on 7/5/26 at 7:46 pm to Timeoday
I didn't read or click the link.
Illegal immigrants may have a hand, but the biggest hand is corporations buying houses that end up rentals. Boomer 401k's and new "retirement programs" pay for this. The prices on housing almost tripled because these companies were outbidding everyone else and paying 25 to 30% over market value.
We can blame illegals for a lot of woes, but overpriced housing should be way low on the list.
Illegal immigrants may have a hand, but the biggest hand is corporations buying houses that end up rentals. Boomer 401k's and new "retirement programs" pay for this. The prices on housing almost tripled because these companies were outbidding everyone else and paying 25 to 30% over market value.
We can blame illegals for a lot of woes, but overpriced housing should be way low on the list.
Posted on 7/5/26 at 7:49 pm to dbbuilder79
quote:
Illegal immigrants may have a hand, but the biggest hand is corporations buying houses that end up rentals.
Naw.
The biggest variable was lowered interest rates in 2020 that Biden maintained until like 2023.
The 2nd biggest variable was the trillions printed in 2020 by Trump and 2021 by Biden.
Posted on 7/5/26 at 7:50 pm to dbbuilder79
quote:
but the biggest hand is corporations buying houses that end up rentals
What % of the housing market is owned by institutional investors?
Hint: it’s not enough to make a dent in housing costs nationwide
Posted on 7/5/26 at 7:50 pm to Timeoday
People have no idea how many problems would be solved simply by ridding ourselves of the 20 million + illegal aliens who are squatting in our country. We would all be astonished at how much our lives would improve.
Posted on 7/5/26 at 7:51 pm to HubbaBubba
Nailed it.
Posted on 7/5/26 at 7:51 pm to Timeoday
I dont believe that for a min. More like 50%
Posted on 7/5/26 at 7:54 pm to SloaneRanger
quote:
We would all be astonished at how much our lives would improve.
I wonder how much money they send back to their home country instead of investing or spending here.
Posted on 7/5/26 at 7:56 pm to Timeoday
Same thing happened in Canada.....why cant the dems learn anything!
They just WANT VOTES!!!!!!!!!!
They just WANT VOTES!!!!!!!!!!
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