{"id":2625697,"date":"2026-07-06T17:31:01","date_gmt":"2026-07-06T21:31:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fed-says-bidens-illegals-accounted-for-whopping-30-percent-of-home-price-and-rental-rate-growth\/"},"modified":"2026-07-06T17:32:43","modified_gmt":"2026-07-06T21:32:43","slug":"fed-says-bidens-illegals-accounted-for-whopping-30-percent-of-home-price-and-rental-rate-growth","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fed-says-bidens-illegals-accounted-for-whopping-30-percent-of-home-price-and-rental-rate-growth\/","title":{"rendered":"Fed Says Biden&#8217;s Illegals Accounted for Whopping 30 Percent of Home Price and Rental Rate Growth"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">32<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ffed-says-bidens-illegals-accounted-for-whopping-30-percent-of-home-price-and-rental-rate-growth%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2625697&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The content discusses the negative impacts of President Joe Biden\u2019s border policies,highlighting thier contribution too increased illegal immigration and its consequences. A Federal Reserve Bank of Dallas working paper links these policies to significant rises in housing and rent prices, attributing 30% of housing cost increases and 20% of rent hikes to illegal immigration, with an estimated 7 million additional people entering the U.S. during his administration. The text criticizes the administration for failing to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/finnish-govt-warns-country-could-close-border-over-potential-migrant-surge\/\" title=\"Finnish Govt Warns Country Could Close ... Over Potential Migrant Surge\">stop illegal crossings<\/a> and deportations, leading to tragic cases such as the murder of a nursing student and the sexual assault and murder of a young girl by illegal aliens. It challenges the narrative that immigrants take jobs or bring a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/is-america-committing-suicide\/\" title=\"Is America Committing Suicide?\">strong work ethic<\/a>, instead emphasizing how immigration-driven demand has made homeownership less attainable for many Americans, especially recent graduates and young families. The article reflects on how these policies have thwarted the American Dream by making housing unaffordable and causing disillusionment among young generations.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><br \/>\n<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<section> \t\t\t\t<script>console.log(\"ad slot (AC1)\")<\/script><script>console.log(\"ad slot (IC1)\")<\/script><script>console.log(\"ad slot (IC2)\")<\/script><script>console.log(\"ad slot (IC3)\")<\/script><script>console.log(\"ad slot (IC4)\")<\/script><\/p>\n<p>We are now beginning to understand the economic consequences of former President Joe Biden\u2019s disastrous border policy.<\/p>\n<p>It was devastating enough to have illegal aliens trafficking drugs while rapists and murderers rampaged through the streets during this totally preventable disaster, but now a <a href=\"https:\/\/www.dallasfed.org\/~\/media\/documents\/research\/papers\/2026\/wp2607.pdf\" target=\"_blank\" rel=\"noopener\">working paper<\/a> from the Federal Reserve Bank of Dallas has shed some light on the devastating impact the policy had on housing and rent prices.<\/p>\n<p>It\u2019s just more evidence that the Biden administration will be remembered as being among the worst the country has ever seen.<\/p>\n<p>According to the paper, illegal immigration was responsible for 30 percent of housing price increases and 20 percent of total rent increases.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/politics\/biden-era-illegal-immigration-drove-up-housing-costs-fed-economists-find\" target=\"_blank\" rel=\"noopener\">Fox Business<\/a> noted that the paper did not find evidence that home building kept pace with the invasion; there were simply not enough homes for all these people.<\/p>\n<p>The authors estimated that an additional 7 million people came into the country during the Biden administration.<\/p>\n<p>The fix was simple \u2014 close the border and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-confirms-illegal-aliens-who-are-convicted-of-dui-rape-and-drug-related-crimes-will-not-be-deported-video\/\" title=\"White House Confirms ... Who are Convicted of DUI, Rape and Drug-Related Crimes Will NOT be Deported (VIDEO)\">deport illegal aliens<\/a>.<\/p>\n<p>The lives ruined were enough to spark calls for change.<\/p>\n<p>A 22-year-old nursing student at Augusta University in Augusta, Georgia, Laken Riley, was murdered as she resisted rape by an illegal immigrant on Feb. 22, 2024. The murderer was a Venezuelan national, 26-year-old Jose Ibarra, who had entered the United States unlawfully in 2022.<\/p>\n<p>In June of that year, 12-year-old Jocelyn Nungaray of Houston, Texas, was sexually assaulted and murdered by two illegal aliens, also from Venezuela, who had entered the country earlier that year.<\/p>\n<p>These are unfortunately only two cases of many in which Americans were betrayed by Biden, who put illegal immigrations first.<\/p>\n<p>The left\u2019s common rebuttal to any criticism of waves of these people flooding over the border is economic.<\/p>\n<p>They say these immigrants take the jobs Americans will not do.<\/p>\n<p>They say they bring a tremendous work ethic.<\/p>\n<p>Who, they ask, would do construction work and fill positions in the service industry if they were not here?<\/p>\n<p>The findings of the Reserve Bank are a blow to this narrative.<\/p>\n<p>Young generations have become increasingly cynical about the American dream. Millions of them aspire to one day own homes and have families.<\/p>\n<p>After learning how tremendously expensive the latter would be, they have found themselves renting at high prices with multiple roommates.<\/p>\n<p>According to the <a href=\"https:\/\/fred.stlouisfed.org\/series\/MSPUS\" target=\"_blank\" rel=\"noopener\">Federal Reserve Bank of St. Louis<\/a>, for the first quarter of 2000, the median sales price for a home was $165,300. For the first quarter of 2026, it was $403,200. Many first<a href=\"https:\/\/amzn.to\/3YuVZYV\" >-time potential homebuyers \u2014 potential<\/a> before looking at the market \u2014 were likely born during that more affordable time.<\/p>\n<p>Now, being recent college graduates, newlyweds, and people working their first career job, they are faced with a very different scenario.<\/p>\n<p>Housing and rent prices can\u2019t be attributed exclusively to Biden and his border policies, but they undeniably have put the home-buying dream further out of reach.<\/p>\n<div style=\"background-color: #f7f7f7; color: #171717; display: flex;font-size: 16px;font-weight: 600;line-height: 1.5;margin: 24px 0;padding: 18px 20px 18px 30px;text-align: left;\">\n<div style=\"align-self: stretch;border-left: 3px solid #171717;flex-shrink: 0;padding-left: 20px;\"><\/div>\n<p><a style=\"text-decoration: none;\" href=\"https:\/\/www.google.com\/preferences\/source?q=https:\/\/www.westernjournal.com\/\">Choose The Western Journal as your preferred source on Google and never miss reporting that defends truth, protects freedom, and advances Western civilization<\/a><\/div>\n<p style=\"border: 1px solid #f5f5f5; padding: 16px;\">Advertise with The Western Journal and reach millions of highly engaged readers, while supporting our work. <a href=\"https:\/\/www.westernjournal.com\/advertise-us\/?wj_source=article\">Advertise Today<\/a>.<\/p>\n<div style=\"position: relative;\">\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<div class=\"entry-submit-correction inner-content\">\n<div class=\"correction-form\">\n<form style=\"display: none;\">\n<div class=\"sc-name-field\"> \t\t\t\t\t\t<label>* Name<\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"name\" required> \t\t\t\t\t<\/div>\n<div class=\"sc--field\"> \t\t\t\t\t\t<label>* <\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"\" required> \t\t\t\t\t<\/div>\n<p> \t\t\t\t\t<label>* Message<\/label> \t\t\t\t\t<br \/> \t\t\t\t\t<textarea name=\"message\" required><\/textarea> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"required-message\" style=\"display: none; padding-bottom: 15px;\">* All fields are required.<\/div>\n<p> \t\t\t\t\t<input type=\"submit\" value=\"Submit\" onclick=\"event.preventDefault(); firefly_sc();\"> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"firefly-sc-confirm\" style=\"display: none;\">Success!<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<p> \t\t<script> \t\t\tfunction firefly_sc() { \t\t\t\tif( typeof window.captchaPublicKey == typeof undefined ){ \t\t\t\t\tconsole.error('window.captchaPublicKey is not defined'); \t\t\t\t} \t\t\t\tgrecaptcha.execute( window.captchaPublicKey, { action: 'submit_correction' } ).then( function( token ) { \t\t\t\t\tvar opts = { \t\t\t\t\t\taction:    'firefly_sc_submit', \t\t\t\t\t\tname:      document.querySelector( '.entry-submit-correction [name=\"name\"]' ).value, \t\t\t\t\t\t:     document.querySelector( '.entry-submit-correction [name=\"\"]' ).value, \t\t\t\t\t\tmessage:   document.querySelector( '.entry-submit-correction [name=\"message\"]' ).value, \t\t\t\t\t\tpost_id:   firefly_post_id, \t\t\t\t\t\tcap_token: token \t\t\t\t\t}  \t\t\t\t\tvar inputs = [ 'name', '', 'message' ];  \t\t\t\t\tfor( var i = 0; i < inputs.length; i++ ) if( ! 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