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