All else being equal immigration drives down wages by increasing the labor supply and drives up housing by increasing housing demand. Nevertheless sufficiently

All else being equal immigration drives down wages by increasing the labor supply and drives up housing by increasing housing demand. Nevertheless sufficiently wealthy (if they actually onshore that wealth) and productive immigrants can be a net benefit for the receiving nation. Hence the point systems and such to select for them. As it happens, the US powers that be are big fans of real estate appreciation and wage depression. They evidently don’t much care about selecting for high value immigrants either. Tech workers who pay big taxes and create bigger value get a way harder time of it than obvious public charges. It’s strange, but revealed preferences never lie.