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Higher housing costs: another ‘benefit’ of Biden’s open borders

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The catastrophic damage of Joe Biden’s open border policy continues: New research finds that the millions of illegal migrants he welcomed drove steep increases in housing costs in the average metropolitan area from 2021 to 2024. 

The data, presented in a working paper from economists at the Federal Reserve Bank of Dallas, flesh out a point obvious to anyone who consider it: When you import millions of people — and Biden waved in at least seven million — you create soaring demand for housing, so prices must spike until (and unless) supply rises to match.

The Dallas Fed research suggests that every 1% rise in illegal workers relative to the local, legal........

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