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No, immigration isn't raising your rent
The Philippine Star
|October 14, 2024
World view - In the world according to Sen. JD Vance, immigrants are the root of all evil. During the vice presidential debate with Gov. Tim Walz, he argued that they're responsible for rising housing prices.
Economists were quick to point out that his "evidence" was an out-of-context quote from a speech from one Federal Reserve official. Still, immigrants are people, and people need housing. So could the recent rise in immigration be a major factor in the recent surge in housing costs?
This story is from the October 14, 2024 edition of The Philippine Star.
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