Building houses—increasing the supply—is a complex and relatively difficult business. It requires time, labor, materials, and expertise. It is also environmentally taxing. Building lots of houses in quick succession can easily lead to urban sprawl, congestion, and unaesthetic cookie-cutter suburbs stretched out to the horizon. Residents of Dallas-Fort Worth know exactly what I’m talking about.

But there is, of course, another way to reduce the cost of housing in America—we could reduce demand. And there is, helpfully, a very easy way to do this: mass deportations.

The Biden administration has let in some 8 million legal and illegal migrants since 2021. That equates to a roughly 7% increase in the national population and a concomitant rise in the demand for housing.

Considering skyrocketing inflation—the dollar has lost half of its value in the last four years—investors have flocked to real estate as a hedge. This phenomenon, combined with mass immigration, has driven the prices of homes skyward.

The median home price today in America is $400,000. The current 30-year mortgage interest rate is 7.8%. Buyers put down a median amount of $52,000. At those numbers, the average new buyer in America is paying $3,100 a month in mortgage payments. Over the life of the loan, they will pay a staggering $1.1 million.

There is no other way to slice it; the current first-time home buyer in America faces an unrelentingly bad situation. Indeed, current college students should expect not to be able to afford a mortgage until they are well into their 30s or 40s. The current starting salary for a recent college graduate is just $51,000 a year.

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