He also offers a novel suggestion to bolster the housing market: Increase the number of potential home buyers by admitting more skilled immigrants.
I have actually wondering whether enforcement of immigration laws within the last year has worsened the housing situation in Arizona, Nevada, and the California Inland Empire. While overbuilding, undisciplined lending, and speculation are all at fault for the mess we are in, I can't help but wonder if lower levels of immigration in the Southwest haven't matter as well.
Neither McCain nor Obama seems particularly interested in keeping immigrants out of the country, so it will be interesting to see what happens to housing absorption in 2015.
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