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Thursday, October 3, 2024

Vance says immigrants caused a housing shortage. Economists disagree.

The housing market has been upended since the pandemic, but for different reasons.

Throughout Tuesday’s vice-presidential debate, Sen. JD Vance (R-Ohio) blamed soaring housing costs on a spike in immigration over the past few years — promising that a crackdown on illegal immigration and “kicking out illegal immigrants who are competing for those homes” would help affordability.

“Twenty-five million illegal aliens competing with Americans for scarce homes is one of the most significant drivers of home prices in the country,” Vance said.

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