Clive Thompson on Nostr: What has actually caused the increase in the price of housing? Trump and co. have ...

What has actually caused the increase in the price of housing?

Trump and co. have blamed it on immigration making competition for housing ...

... but this analysis argues this can't really explain it, because historically (and today) the annual increases in housing and immigration don't always move in sync; they often are very out of step

His alternative hypothesis:

- millennials reaching house-buying years
- work-from-home explodes
- rock-bottom interest rates

https://www.jchs.harvard.edu/blog/role-recent-immigrant-surge-housing-costs