Sloanes Teddy Posted 1 hour ago Posted 1 hour ago 57 minutes ago, cubsfan said: More on the demand shock caused by Illegal immigration - direct from the Federal Reserve: https://thefederalist.com/2026/06/30/fed-study-illegal-immigration-caused-30-of-home-price-spikes-while-deflating-american-wages/ The authors discovered that for every 1 percent increase in illegal immigration “equal to 1% of a local area’s initial employment,” home prices increased by 2.2 percent, rent grew by 1.4 percent, and wages decreased by 0.87 percent, and 0.7 for the average American. This means illegal immigration is responsible for “about 30% of the total growth in house prices and 20% of total growth in rents over the boom period for the average local market.” In sum native working-class renters faced decreasing wages as illegal aliens flooded into the job market, and they also took the brunt of the housing cost increase as demand for apartments and multi-family housing grew. Every home I've purchased i found myself in a bidding war with illegal immigrants.
Spekulatius Posted 1 hour ago Posted 1 hour ago (edited) 6 minutes ago, Sloanes Teddy said: Every home I've purchased i found myself in a bidding war with illegal immigrants. How do you know who you bid against? Also, how do illegal immigrants buy houses when they can’t get a mortgage? I had to show my green card to get a mortgage years ago. Illegal immigrants tend to rent. Edited 1 hour ago by Spekulatius
cubsfan Posted 1 hour ago Posted 1 hour ago (edited) 23 minutes ago, DooDiligence said: alt righties tend to lie. Geez Doo - just tell the truth - you can't even read. Just like you to shit all over a Federal Reserve Study on home buying.... What a loser. I mean, really , how hard is this to understand. Rent prices and housing prices have always been closely correlated. You have a demand shock on rents (millions of immigrants) and you put upward pressure on housing. Econ 101 Edited 1 hour ago by cubsfan
Sloanes Teddy Posted 59 minutes ago Posted 59 minutes ago 33 minutes ago, Spekulatius said: How do you know who you bid against? Also, how do illegal immigrants buy houses when they can’t get a mortgage? I had to show my green card to get a mortgage years ago. Illegal immigrants tend to rent. I was kidding because it's ridiculous.
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