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how does immigration reduce housing supply? Say a country has 10 homes and 10 citizens. Then 2 people immigrate there. How has supply decreased?
by jobs_throwaway 2y ago
how does immigration reduce housing supply? Say a country has 10 homes and 10 citizens. Then 2 people immigrate there. How has supply decreased?
- pandaman 2y agoProvided 10 citizens occupied all 10 houses the supply was 0 and remained 0 so it could not decrease even more since there is no negative supply. But if any of the houses had been for rent then immigrants moving into them decreased the supply of houses for rent, pretty straightforward.
- HDThoreaun 2y agoSupply = number of units being rented or available for rent. Demand = number of people trying to rent. Youve got supply and demand backwards.
- pandaman 2y agoNo, supply in this case is the number of units available for rent, units being rented are unavailable on the market. Same as real estate market, when they talk about housing supply they don't count houses that are already sold. In economics, supply is the amount of a resource that firms, producers, labourers, providers of financial assets, or other economic agents are willing and able to provide to the marketplace or to an individual. https://en.wikipedia.org/wiki/Supply_(economics) https://en.wikipedia.org/wiki/Supply_(economics)