Which Way, L.A.?
Are Immigrants The Cornerstone of the Housing Market?
The slump in the housing market is a threat to the economy as a whole. What’s keeping the bottom from falling out is the increased purchasing power of immigrants.
By Warren Olney • • 1 min readThe slump in the housing market is a threat to the economy as a whole. What’s keeping the bottom from falling out is the increased purchasing power of immigrants. That’s according to a study by Harvard University’s Joint Center for Housing Studies, which says both legal and illegal immigrants are buying the low cost homes that keep values up, even in places like Beverly Hills.
