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by brabel
8 days ago
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That is not what the report says at all !! > Over the same period, total population growth in the UK has been approximately 20%, again close to the cross-country average in our sample. Immigration, therefore, accounts for roughly half of the UK’s population growth over the last three decades. Population growth has nothing to do with price increases? If it does, then half of the increase being due to immigration seems quite significant. > most credible estimates suggest that a one-percentage-point increase in the immigrant share of the population increases house prices by between 0 and 3%. Rent effects are typically slightly smaller. > The increase in the immigrant shares since the mid-1990s (around 10 percentage points) and overall population growth are close to OECD averages. It’s hard to believe a range including “no effect whatsoever” when you add people to a neighborhood. But assuming a more reasonable 2%, that would mean 20% higher prices attributed to immigration alone. Where did you get at most 10%?? |
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People don't make prices increase, people times money makes prices increase. They're not entirely without money of course, but I don't think it's boat people outbidding you for the homes you want.