Fed Study Links Illegal Immigration to Much Higher Housing Costs

Join Jim and Greg for the Wednesday 3 Martini Lunch as they discuss the fallout from Graham Platner’s latest scandal and his leverage over picking his replacement, the end of the memorandum of understanding (MOU) between the U.S. and Iran, a new Federal Reserve study linking rising housing costs to Biden-era mass immigration, and the most recent development in the Mitch McConnell health story.

First, Jim and Greg examine Graham Platner’s final days to formally withdraw from the Maine Senate race. Although Platner’s campaign is effectively over, he still holds the cards as there is no formal way for Democrats to force him to resign. Many speculate he is using this leverage to pick his replacement.

Next, they react to President Trump’s deep frustrations with Iran. Speaking from the NATO summit, Trump declared the memorandum of understanding "over," calling the Iranian regime "scum" and "sick people" who cannot be trusted. This follows a major escalation last night, when the U.S. and Iran traded heavy missile strikes.

Then, Jim and Greg dive into a new Federal Reserve working paper that links the Biden-era immigration wave to skyrocketing housing costs. The study reveals that the massive surge in housing demand, without a matching increase in supply, drove up home prices by 30 percent and rent by 20 percent.

Finally, they cover a major update on Mitch McConnell’s weeks-long hospitalization. While top Republican senators claim to have spoken with McConnell over the phone to confirm he is alert, the strict secrecy surrounding his condition has left many deeply skeptical.

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