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.
We want to hear what you think about this article. Submit a letter to the editor or write to firstname.lastname@example.org.