Draft Federal Reserve working paper suggests 46th President 7 million illegal immigrant wave drove up home prices by 30% and rent by 20%

The massive, unchecked mass illegal immigration under the senile, demented and pathological lifetime liar 46th President was insane!

Why individual border states like Arizona and Texas did so little or almost nothing to prevent/stop this influx is a mystery at best! A total failure by these two border states to act!

"A new Federal Reserve Bank of Dallas working paper estimates the record surge in illegal immigration during the Biden administration boosted employment while driving up home prices by as much as 30% and rent by 20%. ...

The authors cautioned that the study is a preliminary draft circulated for professional comment and does not necessarily reflect the views of the Federal Reserve Bank of Dallas or the Federal Reserve System. ..."

Fed Reserve working paper suggests Biden illegal immigrant wave drove up home prices 30% | Just The News "Paper creates first ever calculation of how a wave of 7 million illegal immigrants from 2021 to 2024 affected local labor and housing markets."

The Impacts of Unauthorized Immigration on U.S. Labor and Housing Markets: New Evidence from Administrative Microdata (I suppose an earlier, related working paper by the Federal Reserve Bank of Dallas published in March 2026)