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Many border-crossers can't afford to buy houses - probably most of them - but they do put pressure on the lower cost apartments and are competing with low-incom
by ejb999 3y ago
Many border-crossers can't afford to buy houses - probably most of them - but they do put pressure on the lower cost apartments and are competing with low-income citizens, which drives up the price of the lower cost apartments, which has the effect of increases demand and prices all-the-way up the food chain.
- WalterBright 3y agoThat's true. It also happens the other way. Building more luxury homes will reduce the price for non-luxury homes. This is because the wealthy will not be bidding up the prices of the non-luxury homes because there will be luxury homes available. This effect is not recognized by people who decry the building of luxury homes.