No.
Right now renting is even cheaper than owning!
small correction. People who legally immigrated earlier are the most vocal supporters of stricter immigration rules for future illegal immigrants.
Social Security Program was created in 1935. Medicaid was established in 1965. Non-citizens became eligible for social security in 1996. Why talk about ancient history when there was little to no burden in citizenship ?
No, this is clearly false. Rules apply to illegal immigrants too - those who just crossed the border without approval or prior paperwork. Those rules are rather lax and are not enforced as can be seen in the current administration and "sanctuary" states - who simply ignore the rules.
I get the feeling that no one is really serious about stopping this problem, since even the rules they propose are obviously ineffective (and probably meant to be).
They do this because they need investments, and all other forms of investment are less appealing due to regulation/risk. They need investments due to the misguided economic cargo culting that inflation is necessary, to promote investment. So the people invest. In property.
You can see this magnified in China where traditional types of investments are unavailable, so the property bubble is constantly growing as it is constantly bursting.
People follow the incentives, and not just the incentives set by the government, but the incentives of reality. If you drop a boulder, the river doesn't just stop; the river flows around it.
doesn't it just anchor prices at $n?