In the wake of President Joe Biden’s policy to keep borders open, significant repercussions have emerged, most notably evident in the drastic surge in housing prices across metropolitan areas from 2021 to 2024, linked directly to the influx of millions of undocumented migrants.
The findings come from a working paper authored by economists at the Federal Reserve Bank of Dallas. They underscore a straightforward economic principle: a massive increase in population, especially with at least seven million individuals entering under Biden’s administration, naturally escalates housing demand, thus driving prices upwards unless supply expands accordingly.
According to the Dallas Fed economists, a 1% increase in the number of undocumented workers compared to the local, legal labor force correlates with a 1.4% rise in rental costs and a 2.2% increase in home values.
Despite these findings being rooted in basic economics, mainstream outlets such as Reuters and The New York Times dismissed them, ridiculing figures like President Trump and Vice President JD Vance for raising this issue during Trump’s third presidential run and his administration’s early days.
Yet, as the data reveals, the impacts are undeniable.
On top of feeding crime and straining social services around the country, all those illegal migrants were doing direct damage to affordability for average Americans.
Remember that the next time open-border Democrats — from Gavin Newsom on down to Zohran Mamdani — say they’re fighting for affordability.
That’s not possible without a real border, as the data now prove.
Don’t hold your breath waiting for progressives to admit the harm they’ve done and pivot to battling for the interests of the little guys they claim to love so much: Their answer to a failed policy is always to double down.