Wages haven't gone up since 72. That wealth that should have been there due to a well paying job is now coming from your house appreciating. No one wants their

Wages haven't gone up since 72. That wealth that should have been there due to a well paying job is now coming from your house appreciating. No one wants their largest investment to depreciate so to keep everyone happy, more demand is created through immigrants thus building a price floor. The american association of realtors is very up front about this, you can find many articles where they talk about immigrants boosting real estate prices and its by quite alot.