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 inflows equal to 1% of a city’spopulation were associated with increases in average or median housingrents and prices of about 1%.”

One way to especially take advantage of this effect and politicallyframe it as housing stabilization policy would be to create a specialnew class of visa specifically for people who purchase homes in theUnited States.

Count me in. Felix Salmon lists other economic benefits.