What Happened?

A recent Federal Reserve Bank of Dallas report found that the surge in illegal immigration between 2021 and 2024, during the Biden administration, contributed significantly to rising home prices and rents across the United States. Researchers estimated that unauthorized immigrant workers accounted for roughly 30% of employment growth, 30% of home-price growth, and 20% of rent growth in the average metropolitan area between March 2021 and March 2024. A 1% increase in the share of unauthorized workers relative to the local labor force was associated with a 2.2% increase in home prices and a 1.4% increase in rents.

The findings show how quickly a housing shortage can worsen when population growth outpaces construction. Cities across the country have been struggling to build enough homes before millions of additional immigrants, both legal and illegal, started flooding the country between 2021 and 2024. With such an influx of people competing for a limited supply of houses and apartments, costs and rents have risen substantially. The study from the Dallas Fed seems to suggest that illegal immigration in particular has added considerable pressure to housing markets that were already stretched thin.

Why It Matters

The study’s findings could influence how policymakers approach America’s housing crisis. While much of the effort to lower prices has focused on interest rates, zoning laws, and building more homes, the study suggests population growth must also be part of the equation. Adding millions of people faster than communities can expand their housing supply creates consequences that construction alone may take years to correct…

Big Oil Just Bet Big on Lithium

Eni, Italy’s largest oil producer, just signed a strategic agreement to invest into EnergyX’s lithium project in Chile, a stake that could reach $225M. The project is expected to generate $1.3B in annual revenue at forecasted market prices.

It’s just one piece of EnergyX’s portfolio holding up to 15M+ tons of untapped lithium, and it’s the latest proof of EnergyX’s progress. Until July 16, you can invest as an early-stage shareholder and share in that growth.

Natural resources weren’t the only draw. EnergyX’s patented tech recovers up to 3X more lithium than traditional methods at 500X the speed, paving the way to commercial-scale production.

Lithium demand is projected to grow 5X by 2040, so the timing couldn’t be better. General Motors and POSCO are already EnergyX shareholders.*

The study comes as President Trump intensifies ICE operations, with agents arresting upwards of 2,000 illegal migrants a day. The data in the study gives the administration a powerful economic argument for those efforts, as illegal immigration not only strained the border but also increased competition for one of the most expensive necessities in American life.

If millions of illegal immigrants helped drive nearly a third of home-price growth and a fifth of rent growth, removing large numbers from the country would drastically reduce much of the pressure on housing demand.

The findings directly link immigration enforcement to the cost of living, which makes one wonder about the wisdom of increasing the housing supply without also addressing the rapid population growth that has overwhelmed it.

How It Affects You

With fewer than 40% of U.S. households able to afford a starter home, homeownership is already out of reach for millions of Americans, and adding more people to markets that lack enough housing makes the competition even tougher. First-time buyers can spend years saving for a down payment only to watch prices climb faster than their income. Renters face the same squeeze as more people compete for a limited number of apartments.

The damage becomes harder to reverse the longer people remain priced out. Families that are priced out of buying a home for five to ten years also miss out on years of appreciation and equity that previous generations used to build wealth and pass on to their children. Higher prices also force buyers farther from jobs and family or into smaller homes than they could have afforded a few years earlier. The end result is a housing market where existing owners benefit from rising values while families trying to break in end up falling further and further behind.

*Disclaimer: Energy Exploration Technologies, Inc. (“we”, “us”, “our”, and “EnergyX” is conducting an offering of securities pursuant to Regulation A of the Securities Act of 1933, as amended. An offering statement covering this offering has been qualified by the U.S. Securities and Exchange Commission (the “SEC”). Neither this communication nor any of its content constitutes an offer to sell, solicitation of an offer to buy or a recommendation for any of our securities by our company or any third party. Offers and sales of the securities are being made solely by means of the qualified offering circular. Investing in our securities involves significant risks. Before investing, you should consult with your financial advisor, accountant, and/or attorney legal, and carefully review the qualified offering circular (including the “Risk Factors” section) and any offering circular supplements.

The most recent qualified offering circular is available at https://www.sec.gov/Archives/edgar/data/1830166/000149315226017123/form253g2.htm. The most recent qualified offering circular and any supplements can also be found on the SEC’s EDGAR filing database, available at www.sec.gov/edgar/search/. Prospective investors should note that neither the SEC nor any federal or state securities commission or regulatory authority has approved or recommended our securities or determined that our offering circular is truthful or complete. Any representation to the contrary is unlawful. We are not a broker-dealer or investment adviser registered under the Securities Exchange Act of 1934 or the Investment Advisers Act of 1940. No communication made by us or any of our affiliates, through this communication or any other medium, should be construed as a recommendation to purchase, sell, or hold any securities, or as investment, tax, financial, accounting, legal, regulatory, or compliance advice. Neither this communication nor any of its content constitutes an offer to sell, solicitation of an offer to buy or a recommendation for any of our securities by our company or any third party. The content presented here is provided for general information purposes only and is not intended to solicit the purchase of securities or to be used as investment, legal or tax advice. Statement Regarding Forward-Looking Statements The information presented herein may include forward-looking statements, estimates, or projections regarding our anticipated future performance. If present, these statements are subject to risks, uncertainties, and assumptions. In some cases, you can identify these statements by forward-looking words such as “may”, “might”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “future” or “continue”, the negative of these terms, and other comparable terminology. Such forward-looking statements are based on current plans, estimates and expectations and are made pursuant to the Private Securities Litigation Reform Act of 1995. These statements, estimates and projections, if any, are based upon various assumptions made concerning our anticipated results and industry trends, which may or may not occur. We are not making any representations as to the accuracy of any such forward-looking statements, estimates or projections. Our actual performance may be materially different from any such statements, estimates or projections. We are under no duty to update any of these forward-looking statements to conform them to actual results or revised expectations.

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