Has anyone tried to study how much NYC housing demand is due to having a large foreign-born population (something like 37%)?
https://www.huffpost.com/entry/new-york-city-immigrants_n_44...
https://www.huffpost.com/entry/new-york-city-immigrants_n_44...
studies typically conclude that immigrant populations do contribute to housing demand (duh), but the labor supply they bring to services market (e.g. childcare, retail) lowers the cost of those services by a more-than-commensurate amount. so the total cost of living goes down for "natives."