There’s also the carrying capacity of the area they’re emigrating to. Housing in particular is one aspect of it that’s already very very tight in most of the Western world. Even without immigration per se, this problem plays out every time a major company moves headquarters to a new city/state. Lots of new people, and a very slow to respond housing stock means surging prices. Schools and other social services also get stretched - but they’re much quicker to respond to the demand.
This might be me projecting, but I think lack of housing stock is driven by NIMBY policies intentionally restricting stock, and not by some unchangeable market force. It doesn’t have to be a limiting factor, at least not as much as at present.
When i was a kid even poor people had a 3 bedroom house on a quarter acre block. I know someone who rents the balcony of a 2 bedroom flat and shares with 7 other people., all of them are migrants or international students. Oddly enough, i live in a house that was built in a backyard. A cheap, crappy new investment property made to capitalise on the housing crisis. We’ve had more than two dozen tradesmen visit in a couple of years so i wonder how that investment’s working out. This is not progress.
In the long-term yes, but in the short-term and even medium-term, housing takes time to build, so there’s going to be a lag. During that lag, it can cause problems even without NIMBY policies.
There’s also the carrying capacity of the area they’re emigrating to. Housing in particular is one aspect of it that’s already very very tight in most of the Western world. Even without immigration per se, this problem plays out every time a major company moves headquarters to a new city/state. Lots of new people, and a very slow to respond housing stock means surging prices. Schools and other social services also get stretched - but they’re much quicker to respond to the demand.
This might be me projecting, but I think lack of housing stock is driven by NIMBY policies intentionally restricting stock, and not by some unchangeable market force. It doesn’t have to be a limiting factor, at least not as much as at present.
When i was a kid even poor people had a 3 bedroom house on a quarter acre block. I know someone who rents the balcony of a 2 bedroom flat and shares with 7 other people., all of them are migrants or international students. Oddly enough, i live in a house that was built in a backyard. A cheap, crappy new investment property made to capitalise on the housing crisis. We’ve had more than two dozen tradesmen visit in a couple of years so i wonder how that investment’s working out. This is not progress.
In the long-term yes, but in the short-term and even medium-term, housing takes time to build, so there’s going to be a lag. During that lag, it can cause problems even without NIMBY policies.
Good point.