Vice President J.D. Vance discussed the nation’s affordability crisis and the difficulty for young Americans to purchase homes during an interview with FOX News host Sean Hannity. “A lot of young people are saying housing is way too expensive,” Vance told Hannity. “Why is that? Because we flooded the country with 30 million illegal immigrants who were taking houses that ought by right go to American citizens, and at the same time, we weren’t building enough new houses to begin with even for the population that we had, so what we’re doing is trying to make it easier to build houses, trying to make it easier to build factories and things like that so that people have good jobs.”

SEAN HANNITY: Let’s talk about, obviously the economy is always front and center for most Americans. I would argue that, foundationally, everything’s set. Trillions of dollars of committed monies for manufacturing, largest tax cuts in history. It took quite a while, over a year and a half for the Reagan tax cuts to kick in, ended up with 21 million new jobs, longest period peacetime economic growth. President Trump now has given us the largest tax cut in history, no tax tips, social security, overtime. Then you add the energy component. So, for people now that maybe are still suffering from the Biden-Harris economic hangover, when do we really see the engine of the economy start to take off? VICE PRESIDENT J.D. VANCE: Well, some of it’s already started, Sean, but some of it is going to take a long time because we inherited a disaster. We inherited the highest peacetime debt and deficits in the history of the United States of America. We inherited the worst inflation crisis in at least the last 40 years, and I think probably longer. So a lot of Americans, when we took over, they were struggling. They either were underemployed or they didn’t have a job altogether. Their wages had been stagnant, and the President of the United States said the most important thing that we have to fix is for people to be able to live a good life. We need a good job to pay good wages. We need people to be able to go to the grocery store and actually buy what they need for their family. That takes a little bit of time, and I know that there are a lot of people out there, Sean, who are saying things are expensive, and we have to remember they’re expensive because we inherited this terrible inflation crisis from the Biden administration, but you’ve already seen signs that things are getting better. The price of eggs has gone way down. The price of energy has gone way down. The price of gasoline has gone way down, and as we know, when the price of energy goes down, that starts to filter out into the entire economy, but that also takes a little bit of time. There’s another component of this, Sean, which to me is maybe the most important because I care so much about our young people being able to afford a good life. A lot of young people are saying housing is way too expensive. Why is that? Because we flooded the country with 30 million illegal immigrants who were taking houses that ought by right go to American citizens, and at the same time, we weren’t building enough new houses to begin with even for the population that we had, so what we’re doing is trying to make it easier to build houses, trying to make it easier to build factories and things like that so that people have good jobs. We’re also getting all of those illegal aliens out of our country, and you’re already seeing it start to pay some dividends. Let me give you a very clear statistical example. Under the Biden administration, the price of a new home literally doubled in four years. It went up 100%. Under the Trump administration, housing and rent prices are up about 1% to 2%. That’s actually in line with what you would like to see, so again, we inherited a disaster. We’re very mindful of the fact that there’s a lot of work to do, but I think that we’ve made great progress, and the final point I’ll make about this, Sean, is the most important way to fix this affordability crisis is to make people’s wages go up, and that is where the Trump economy, I think just objectively, obviously I’m very biased, but I think objectively is doing better than any economy in 50 or 60 years. Blue-collar wages are going up, working people’s wages, middle-class wages are going up, and that’s how we ultimately chip away at the Biden affordability crisis, is that we make an economy where people can afford to buy the things that they need. The best way to do that is good jobs and good wages, and that’s why the president’s focus is where it is.

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