I think THE major problem behind the inability to buy new homes is the massive 38 trillion-dollar federal debt. I’ve seen estimates that if the interest rate gets to four percent, then the debt will expand exponentially. The interest rate is currently 3.8 percent. The interest rate is the government’s only tool to control inflation. Therefore, they can’t control inflation. Further, the only possible way to retire the debt is inflation...printing money. So, yes, getting rid of all the foreign labor might help but it would be like pissing on a forest fire.
“The interest rate is currently 3.8 percent.”
Where are you getting THAT? It hasn’t been 3.8 since about 2019.
Why you want to show off your understanding of economy?
You making other posters in this thread look like idiots.