Housing demand is highly location significant and immigration for the relevant jobs are in areas of the country where there is a demand shortage. So little in t

Housing demand is highly location significant and immigration for the relevant jobs are in areas of the country where there is a demand shortage. So little in this context. Unless you are retired or a recepient of passive income chances are that if housing in an area is very cheap, you won't be able to afford it. That is the reason prices got so low is a lack of either income generation or demand from those well enough off (vacation homes do not need to be within commuting 'distance-factored-as-time').