At Tuesday evening’s vice-presidential debate, CBS News moderator Margaret Brennan was seemingly unaware that a growing pile of research shows mass immigration tends to increase housing costs and rents. Sen. JD Vance (R-OH) promised to provide evidence after the debate.
“Senator … I’d like for you to clarify. There are many contributing factors to high housing costs. What evidence do you have that migrants are part of this problem?” Brennan asked Vance.
“Well there’s a Federal Reserve study, and we’ll put it up on social media, that really drills down on the connection between increased levels of migration, especially illegal immigration, and higher housing prices,” Vance responded.
Following the debate, Vance posted research from the Federal Reserve mentioned in a recent speech by Michelle Bowman, a member of the Border of Governors of the Federal Reserve:
