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World Cup Controversy, Iran’s New Supreme Leader & Newport Beach Chaos | PBD Podcast #828
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Biden Immigration Surge Drove 30% Home Price Spike — Fed Paper
At 1:46:30 · chapter starts 1:41:00
Patrick reads the full Fed Dallas paper findings: a 1% increase in unauthorized workers corresponded with a 2.2% rise in home prices and 1.4% rise in rents; unauthorized workers accounted for roughly 30% of employment growth, 30% of home price growth, and 20% of rent growth in the average metro area from 2021 to 2024. [1] — Tom Ellsworth "A Federal Reserve Bank of Dallas working paper found that unauthorized immigrants drove roughly 30% of home price growth and 20% of rent gr…" 1:43:00 Tom Ellsworth identifies the two-punch combo — 7 million immigrants driving demand while Biden's inflation drove asset prices — as the direct cause of the affordability crisis now being blamed on capitalism. Adam Sosnick translates this into a clean supply-and-demand narrative: more people need homes, supply didn't keep pace, prices exploded. Vinny Oshea argues no mainstream outlet will cover the story because it vindicates Trump and indicts Biden.
A Federal Reserve Bank of Dallas working paper found that unauthorized immigrants drove roughly 30% of home price growth and 20% of rent growth in average U.S. metro areas between 2021 and 2024 — on top of Biden's inflation. Tom Ellsworth calls it the double punch that created the affordability crisis and predicts mainstream media will never cover it.
The Fed Dallas paper estimated unauthorized immigrant workers accounted for roughly 30% of home price growth in average U.S. metro areas between 2021 and 2024.
The same Federal Reserve paper estimated unauthorized immigrant workers drove roughly 20% of rent growth in average U.S. metro areas between 2021 and 2024.
A Federal Reserve Bank of Dallas working paper found that approximately 7 million unauthorized immigrants arrived in the U.S. between 2021 and 2024, an unprecedented boom in illegal immigration.
After years of building, Austin median rents fell from $1,547 to $1,325, and some areas saw nominal price drops of up to 20%, illustrating how increased housing supply drives down costs.
Minnesota Governor Tim Walz, Attorney General Keith Ellison, and Chief Justice Natalie Hudson voted to pardon an illegal alien convicted of repeatedly raping a 10-year-old girl, weeks before he was set to be deported.
Minnesota Governor Tim Walz, Attorney General Keith Ellison, and Chief Justice Natalie Hudson voted to pardon Thu Luu Vang, an illegal alien convicted of repeatedly raping a 10-year-old girl between 2002 and 2004 — weeks before he was set to be deported. Vang justified his actions as 'cultural.' The pardon effectively blocked his removal from the U.S.
