Just remember that the next time you pay a large rent for a small apartment, too much for too little of a house and your property taxes. The housing problems in the USA , shortage and cost, are in no small part, being driven by excessive immigration.
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So your saying that adding tens of thousands (or more) dollars to the value of every house and property across America is a bad thing?
It makes our GDP more, it enables productive citizens to raise more capital for their businesses. It makes America more valuable and prosperous then ever.
In effect, you make my point even stronger. People are moving to midwestern states for cheaper new housing.
New housing would be even cheaper their if the Federal government would give up owning 90% of states like Nevada. Again, it's a Big Governement problem.
Yes, because it is not a realistic value. It is actually not "value", but an inflation brought about by too many people chasing too few dwellings.