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Not an economist, what type of impact does the 2% increase in demand that you demonstrated do to pricing in an inelastic constrained market? Also, most of the

Not an economist, what type of impact does the 2% increase in demand that you demonstrated do to pricing in an inelastic constrained market? Also, most of the remaining 11.3 million undocumented still occupy housing. So out of 340 million Americans 35% don't own property leaving around 119 million non-home owners. With 8.3 million undocumented not owning homes per your numbers, undocumented are adding approx. 7% to the needed rental market. Again, what does that increased demand do to housing pricing in a relatively inelastic constrained market? I'm personally for more open borders but I'm also for being honest about what that means including increased housing stocks.

lesuorac 3y ago
> Otherwise you're making a claim that one of the poorest demographics in the US with the least amount of home ownership is somehow responsible for a massive price spike in housing over the last few years. If there are 10 houses and 12 people. The houses will go to the 10 highest paying people and so the 2 poorest immigrants will be left in the rain. The problem is not that we now have 10 houses and 15 people (3 from immigration) it's that there's 8 houses now [1]. [1]: https://www.fanniemae.com/research-and-insights/perspectives/us-housing-shortage https://www.fanniemae.com/research-and-insights/perspectives...
- Xorakios 3y ago
  That is correct of course, but the US federal housing insurers are understandably shy about talking about their contribution to the problem. Especially after 2008 almost all house valuations in the US are based on square footage and number of bathrooms. So bigger houses and more plumbing is the only way to make money as a developer.