“I think it’s important to talk about the demand side of the housing market,” the vice president told attendees of the league’s Congressional City Conference.
“One of the drivers of increased housing demand, we know, is that we’ve got a lot of people over the last four years who have come into the country illegally—and that’s something we have to work on if we want to meaningfully reduce the cost of housing too,” Vance said.
Vance said increased housing demand from an influx of people into the United States coincided with strain on supply due to stringent zoning, building regulations, and related factors. He went on to say that similar trends could be observed in countries the world over.
“You go across the world, and you see a very consistent relationship between a massive increase in immigration and a massive increase in housing prices,” the vice president said, specifically citing dynamics in the United Kingdom and Canada.
The vice president went on to discuss the steep decrease in illegal crossings at Eagle Pass, Texas, under Trump—a statement that drew sustained applause from the audience, which was mostly made up of local government officials from across the United States.
“We can’t do immigration enforcement with sanctuary cities. We’ve got to have everybody respecting the law.” [MORE]:
https://www.theepochtimes.com/us/vance-links-high-housing-prices-to-high-rates-of-immigration-across-the-world-5823106
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