Latest insight from a top economic official: tightening border controls might actually help bring down rising rental costs across the US. The logic is straightforward—stricter immigration policies could ease labor market pressures and cool housing demand in key markets, which in turn puts a damper on rental inflation that's been grinding upward. If this plays out, it could reshape expectations around consumer spending and inflation trends more broadly. Worth keeping an eye on how this unfolds, especially if it starts impacting the broader economy and asset valuations down the line.