One Way To Shore Up The Housing Market

by Patrick Appel

Yglesias advocates more legal immigration:

Adam Ozimek offers up some quantitative research on the scale of the effect citing research from Albert Saiz (PDF) indicating that “[i]mmigration in?ows equal to 1% of a city’s population were associated with increases in average or median housing rents and prices of about 1%.”

One way to especially take advantage of this effect and politically frame it as housing stabilization policy would be to create a special new class of visa specifically for people who purchase homes in the United States.

Count me in. Felix Salmon lists other economic benefits.