Monday, August 27, 2007

Link Between Housing and Immigration?

A quick thought:

If the U.S. cracks down on immigrants entering the country, which has been a goal of late, won't that negatively affect the housing market?

Simple economics suggest that immigrants make up a sizable chunk of the nation's population growth and all of those people need houses (even if they rent, they still need some sort of shelter). Therefore, if there are less people moving to and subsequently living in America, fewer houses are needed and the demand and prices for houses should level off.

Or perhaps it has already?

And if this does happen, is this good or bad?

Just something to think about...

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