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by Jblx2 23 days ago
Has anyone tried to study how much NYC housing demand is due to having a large foreign-born population (something like 37%)?

https://www.huffpost.com/entry/new-york-city-immigrants_n_44...

2 comments

Do foreigners require more houses than Americans?
.. yes? this is studied.

studies typically conclude that immigrant populations do contribute to housing demand (duh), but the labor supply they bring to services market (e.g. childcare, retail) lowers the cost of those services by a more-than-commensurate amount. so the total cost of living goes down for "natives."