Whether buying or renting, US housing affordability has spiraled out of control over the last few years. Since the onset of the pandemic, home prices have spiked by 47%, and rents have surged 25%. Economists and politicians have alluded to various culprits behind the dramatic increase, from decades of underbuilding to the Federal Reserve-fueled, record-low mortgage rates. But what about illegal immigrants? A recent article in RealClearInvestigations has provided some answers. Still, it is an issue with plenty of complications. Vice President-elect JD Vance claimed during his debate with Gov. Tim Walz (D-MN) that undocumented migrants have led to soaring housing costs. The truth, however, is a bit more muddled.
Illegal Migrants and Housing Affordability
Economic observers have wrestled with whether it is accurate to blame migrants for pricing out…
