JD Vance Links Immigration to Housing Costs

During the recent vice-presidential debate, Sen. JD Vance argued that mass immigration, particularly illegal immigration, is a significant driver of increased housing costs in the U.S. Vance cited studies from the Federal Reserve and the Journal of Housing Economics, which indicate that an influx of immigrants can lead to upward pressure on rents and house prices due to increased demand. This assertion was contested by debate moderator Margaret Brennan, who questioned the evidence behind Vance's claims. Following the debate, Vance shared supporting research on social media, including a Federal Reserve speech and findings from the Cato Institute acknowledging that immigration impacts housing prices. Vance's remarks sparked discussions on the broader economic and regulatory factors influencing the housing market.