A Federal Reserve Bank of Dallas working paper found that the record surge in illegal immigration during the Biden administration (2021-2024) had significant economic impacts, with unauthorized immigrant worker flows accounting for approximately 30% of employment growth, 30% of home price growth, and 20% of rent growth in average metropolitan areas. The study concluded that the influx acted as a housing demand shock in markets where supply was already constrained, with a 1% increase in unauthorized workers relative to local labor force associated with roughly a 2.2% rise in home prices and a 1.4% increase in rents.
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The S**T Has Finally Hit the FAN! Another Democrat BITES the DUST!
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