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The irony is that the influx of millions of foreigners to urban areas increases the demand for existing housing stock whilst the same people who are for million
by notlukesky 4y ago
The irony is that the influx of millions of foreigners to urban areas increases the demand for existing housing stock whilst the same people who are for millions of immigrants are against new housing built. The price pressure will only be upwards and benefits the existing landlords (and the big funds who own property like Carlyle and BlackRock and are big political donors).
- dinvlad 4y agoI think the positive net affect of immigration on the economy far outweighs any negatives associated with it.
- notlukesky 4y agoThe response was specifically about housing costs. Nothing at all to do with other negative or positive externalities.