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by FloorEgg 278 days ago
This is a good point, and I agree! Though when supply growth is bottlenecked by zoning, permitting,etc and not labor, immigration could still result in higher prices.

However if immigration disproportionately adds to construction labor supply, and if construction labor supply is the primary bottlebeck for housing supply growth, then immigration would indeed lower the price of housing.

To be clear I'm not anti immigration, I'm not Republican and I'm not even American.

I just saw a question (which I realize in hindsight was politically charged) that seemed to ignore some basic economic principles, and for some reason today I felt compelled to respond.

It's also worth noting that the comment I replied to was edited after I replied to it.