Democrats' immigration policies to blame for housing costs: report
Category: Op/Ed
Via: vic-eldred • 4 months ago • 53 commentsBy: Lydia Moynihan Published (New York Post)
Mayor Zohran Mamdani won New York City's mayoral race on the issue of affordability — an issue Democrats have spent years insisting they alone can solve. But the party's policies helped create the very conditions that pushed housing costs higher, according to a new working paper from the Federal Reserve Bank of Dallas.
According to the research, America's rising housing costs were driven in part by a massive wave of unauthorized immigration during the Biden administration from 2021 to 2024.
The surge, which the paper estimates at around 7 million entrants during that period, "acted simultaneously as a demand shock to local housing markets, boosting rents given relatively inelastic short-run housing supply."
While the authors note this is part of a preliminary draft and does not necessarily reflect the views of the Federal Reserve System, their findings suggest the influx is responsible for 30% of home price growth and 20% of rent increases.
In other words: When there is more demand but supply stays constant, costs go up.
While that may sound obvious to anyone with even the most tenuous grasp of basic economics, it is an important data point — albeit one that can get you labeled as xenophobic and anti-immigrant.
Back in 2024, when Donald Trump told a rally that, "Immigration is driving housing costs through the roof," and JD Vance noted, "You have got housing that is totally unaffordable because we brought in millions of illegal immigrants to compete with Americans for scarce homes," they were mercilessly fact-checked and accused of scapegoating immigrants.
The Washington Post reported in October 2024, "Vance says immigrants caused a housing shortage. Economists disagree." The New York Times reported the same month that Trump and Vance were "blaming immigrants for the housing crisis" but "most economists disagree."
Democrats have refused to acknowledge reality and instead pushed policies that make the problem worse: more immigration (increasing demand) and more red tape (limiting supply).
Here in New York City, where Mamdani won his bid for mayor in large part because of a promise to make NYC more affordable, his agenda undermines that vow: He has embraced New York's sanctuary-city status, pushed for hundreds of millions more dollars in immigrant legal defense funding and vowed that the city will "always welcome immigrants."
But his solutions, like freezing the rent, doesn't actually address the housing affordability problem for most New Yorkers.
Similarly, under Biden, the Federal Housing Finance Agency expanded eligibility for non-permanent residents to get inexpensive mortgages at a time when more Americans were struggling. HUD expanded access to federally backed mortgages to non-permanent residents, including DACA recipients and immigrants with H-1Bs and green cards. Those programs allowed buyers with lower credit scores and smaller down payments (as little as 3.5% down) access to mortgages.
All of this is a crushing reality for young Americans in particular. Among those in Gen Z, 67% are struggling with housing costs and 84% are delaying marriage, children or other major life milestones because of it.
It's no coincidence that a growing percentage of that generation is toying with socialism (62% have a favorable view).
While I'm sympathetic to their plight, the very policies they're embracing will only exacerbate the problem. Democrats have learned how to talk about the affordability crisis, but they don't have solutions actually grounded in economics.
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It is called common sense.
It's called BDS.
Another problem caused by overpopulation
Yes, the schools, the emergency rooms and just about any place where benefits are provided.
Understanding the consequences of supply and demand is the type of second order thinking that doesn't compute with many progressives. It's simply "I want this because i think it is good" and that's all the thought they put into it.
We in MA went through the rent control experiment many decades ago in Cambridge and Brookline. The results were far less construction of rental units in those areas. Another strange quirk, especially in Cambridge was that those units were not helping low-income residents, with less than 10% of controlled units occupied by low-income households. Professional people were renting units in the homes of middle-income families who had few rights as to what to do with their own homes.
Going forward can we just blame Trump for the same magical thinking ?
Ionic versus Corinthians? really? Lets cut SSN next to replace the WH columns?
Usually, I’d say of course you can equate trump to a progressive. But I’ve actually seen trump display a rudimentary grasp of how supply and demand works so in this case it would be insulting to trump.
Trump cannot be insulted. His ego is bigger than Mount Rushmore. He's the GOAT in his own mind.
He's a serial adulterer, bankruptee, liar, golf cheat, contract breaker, a bully with no allegiances who expects adulation and approval of his gold fetish and supposed business acumen.
Losing an election seems to be the only thing that pisses him off.
Democrats causing the problems then pathetically claiming they can fix them.
And whatever their plan is it will involve more taxpayer money. $39 Trillion and counting.
It's some kind of idiocy complex. They create the problem, fight any and and all attempts to fix the problem, then claim that the methods the opposition wanted to use to fix the problem are theirs and that they work.
The prime example is California.
It's always humorous when you talk about California since you've never been there and obviously know nothing about it.
Have you been paying attention to Trump at all?
trump added ( conservatively ) 7.8 Trillion his first term.
trump added ( conservatively ) 3.6 Trillion this term in 17 months
11.4 Trillion out of our $39 trillion and just some gold plated accutraments in the Oval office so far.
That's 30% of the National debt and he isn't finished. He wants trillions more for more war and Space Shit he can hang his name on.
Are you happy with who you voted for?
He was going to reduce that debt or eliminate it by the end of the first term, wasn't he?
That is the typical M.O..
More deflection. Really wish I could say I am surprised but...
California can't blame anybody but themselves for the clusterfuck they have. It's a prime example of the consequences of decades long Democrat policies.
Used to have a repub that lived inCA. and posted all the time...haven't seen him a long time though.
OK I have to ask, how does the state with the largest GDP ($4.25 trillion), and is considered to be a net donor or giver state by $275.6 billion annually, be described as a "clusterfuck"?
WHEN I RESPOND TO THE AUTHOR ABOUT SOMETHING HE COMMENTED ON
AND BROUGHT INTO THE DISCUSSION, IT IS NOT A DEFLECTION, IT IS ON TOPIC.
DITTO!
4TH LARGEST ECOMONY IN THE WORLD! 1ST AMONG THE STATES?
Can you name the policies you disagree with?
We're full of Godless liberals, transgenders and gays, illegals voting, mayhem and madness, everything that's scary to people with their heads still stuck in the 1950's. /s
All their vibrant new cultures, new ideas, diversity, education, these are all very scary things for those who have been told Satan is just prowling around waiting to turn them gay, or worse, liberal!
They also need to hate on California in an effort to convince themselves that staying in the dying low population towns and States is the best choice. To stay in those places that have never looked kindly on outsiders or foreigners and have tried to keep things the same as the day they took down the 'whites only' signs from their public restrooms, they have to vilify places that have moved on. To feel good about staying in such dead-end places, they have to convince themselves that California and other liberal bastions are utter hellscape clusterfucks of Godlessness and vice, places where they think their God will visit first on their prayed for Armageddon tour where he murders all those who the rightwing conservative Christians hate.
I also think they resent it because it is the 4th largest economy and that their State likely has to rely on those 'Godless liberals' for a handout since their States have fallen way behind in innovation and technology that is driving thriving economies like California.
That state "with largest GDP ($4.25 trillion)" is trillions in debt.
Only when it's convenient to YOU.
Also 1st in being in debt. But lets ignore that right
The gop is currently running a two trillion dollar federal deficit. The gop controls spending meaning they do not have the nuts to actually do anything but cut taxes while spending wildly...
Are you talking about the United States? They're way deeper in debt than California, but that's what a country or a State can do when they have huge GDP's and a lot of assets, they can defer payments on things so they can use immediate capital for investment opportunities and growth. Just because you have a debt that you're making payments on doesn't mean you're broke, it often means you're being smart with your finances if you're making far more than the loan payments. California remains " a net donor or giver state by $275.6 billion annually" as Perrie pointed out.
Someday, perhaps those living in the taker States will have a better understanding of finances. Perhaps then they will understand that California doesn't need them, they need California. California and the rest of the donor States would be fairing a lot better if we jettisoned the dead weight but because we are all part of these United States, we help the downtrodden and States that can't pay their own basic needs.
Awful lot of red in the top 10 most dependent States.
I guess rightwing conservatives are just going to have to go back to their lies about illegals voting, the financial attacks are too easy to disprove. The specter of "illegals voting" is always much easier to sell to really stupid people, though apparently the lie about CA somehow being a financial drain on Republican States is sadly still believed by many a moron.
The only mistake I made was regarding the amount California was in debt. it's Billions, not Trillions.
I notice you don't reference anything about that:
What do you think I was talking about when I said, " Just because you have a debt that you're making payments on doesn't mean you're broke, it often means you're being smart with your finances if you're making far more than the loan payments."
Just because I didn't quote the exact amount of debt doesn't mean I'm ignoring it.
Right, because misrepresenting a debt by several factors was just a "little" mistake. Funny how Trump lies, his defenders in the house and senate lie, his sycophants lie, and when they get caught lying, they just shrug their shoulders like "Eh, so I exaggerated a bit, what's the big deal?". The exaggeration IS THE LIE! If it wasn't exaggerated NO ONE WOULD LISTEN TO YOU! Which of course, rightwing conservatives know which is why they continue to lie through their greasy smirking lips.
And if you're going to whine about CA having not paid for some Covid safety measures, perhaps you should whine about the Presidents campaign not paying what they owe cities first.
Trump campaign leaving some cities with hundreds of thousands in unpaid bills after rallies - ABC News
Really? What's the National debt right now? It was 19.9 T when Trump first stained the oval office, he added over $8T the first go around and is over $4T in 18 months already.
But zero criticism from you correct?
Trump change, he spends that in hours, bombing IRAN, switching sides on NATO and Ukraine adding his name to shit, building an Arch.
Oh and the mysterious $934 million to repaint and test the new AF1gift from Qutar?
He left it in Turkey because it has no in air refueling capability not any military defensive capability, nor is it communications shielded or EPROM shielded;
Flew a real VC home so he wouldn't have to worry about Iranian missiles.
Slow down when doing research please.
There is hugely bigly difference between 4.25 billion and 4.25 Trillion.
Please stop being a baby.
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Still solely a California debt. We can add another BILLION to the ever growing total.
Big Tab: USDA says California owes $1.4 billion because of food stamp errors
The error rate accounts for $3.8 million lost every single day.
Their economy is approximately 12% of the USA'a.
Their GDP Is almost 3.8 trillion, they are carrying 5..4 Billion in debt which is a much better number than 39 TRILLION. (12% of 39 -=4.6 trillion)
Their projected net income for 2026-2027 is 291Billion with a budget of 231 Billion.
They seem to have a cycle of budget debits and surpluses of billions.
On the other hand its simply amazing that after Trump and Rollins cut 1/3 of the USDA staff, they find the time to produce charged partisan reports which only neem capable of finding fault with blue states. Must be that "great again" Juju.
And they can afford it if proven wrong but they are according to your article from "Just the News" voluntarily paying down the overage.
Key word there I believe is voluntarily paying down the balance because it isn't fraud, it's just the USDA work model.
Well, you can be happy that you're not having to pay for any of that out of your taxes because, unlike NC, CA is a donor State instead of a recipient State like North Carolina.
Which states contribute the most and least to federal revenue? | USAFacts
So, since you have no dog in this fight, why exactly are you spending your time complaining about California that is paying $276 billion INTO the pot that your State is taking $18 billion OUT of every year?
Imagine thinking that's a relevant measure of anything. Per chatgpt:
By this measure, Delaware "donates" about 25 times more per capita to the federal government than California does.
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I guess reality is just a little too much for some people. You go on believing whatever you want. You can lead a horse to water, but you can't make him drink. And laughing at and rejecting stupid deflections isn't 'willful ignorance', it's the willful ignoring of moronic garbage thrown out to deflect and distract from the fact that California IS a donor State and NC is a recipient State which is something conservative dumb shits will do anything to deny. But I guess for some, being stupid, poor, poorly educated and having to rely on handouts from Godless liberals must make for some serious sour grapes. That might even lead to some of those conservatives whining incessantly on social media and denying reality on a regular basis. I sure hope we don't see that anytime soon...
Common sense, Mass immigration destroys young people starting out and the working class.
but it’s a gold mine for the politically connected.
I think I may have said it before, If I was an illegal migrant arriving in Los Angeles, I'd think I had walked into heaven on earth.
Walked into what generations of Citizens built up, help themselves, trash the place and act like it was all done for them
Then clearly you have absolutely no idea what it's like to be an undocumented migrant in Los Angeles, but that's not surprising. There are very few rightwing conservatives who would know anything about the lives of migrants since they're just way too busy whining about not being treated like royalty that they believe straight white conservative Christian in America think they deserve. Also, if you think the conditions undocumented migrants live in are like your religions "heaven on earth", then you should look for a new religion.
Yes, an influx of new residents does put pressure on available housing. But government subsidized housing will raise prices and rent regardless of supply. So, an influx of asylees and refugees creates a double whammy on both availability and price. It's a neoliberal wet dream.
Per ChatGPT, when asked to verify the article in terms of truthfulness. veracity and candor:
So first let me put this out there. I hate our mayor. He is an ass and I don't agree with about 80% of his policies. I also don't agree with mass illegal immigration, or being stuck for the bill of it. That all being said, the housing problem is not from mass immigration. These people are living in low-income housing.
The actual housing market is caught between a shortage of middle-income housing, high interest rates, and ever-increasing inflation.
All of this didn't happen under one administration but many, including Biden and Trump. It is simplistic to think that economic trends are so affected in the short term.
These people are living in low-income housing.
Taking up low incoming house drives the price of all housing up.
What is that in English?