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re: The surge in immigration under Biden has helped the U.S. economy grow

Posted on 5/10/24 at 6:35 am to
Posted by KiwiHead
Auckland, NZ
Member since Jul 2014
27880 posts
Posted on 5/10/24 at 6:35 am to
I might grant you the illegals are helping to keep overall wages low even though overall shareholder returns have been pretty high over the last 30 years that probably are more of a problem for the middle class and wage growth.

But, the affordable housing probably is not. As compared to pre 2008, new home building is pretty low thus creating a scarcity of new inventory on the market even when interest rates were significantly lower.
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