Do migrants push up house prices?

economic

a very silly post by the OP - there are just so many other factor that influence prices with immigration just one part. stupid if you think you can conclude confidently immigrations impact (or lack of) on house prices.

economic

how about this theory - immigration causes wages growth to slow or decelerate in real terms. therefore making it less affordable to buy. therefore prices dont rise as much as they could have. just a theory. no one can prove anything without a computer that runs data of all the factors.

System

There's a reluctance to build between 1- government not wanting to 'ruin the environment' or slow house prices (a crash would cause banks to fold and 2 - developers holding onto land for prices to rise

Therefore anything that boosts population will boost prices

System

Economic - I think low wages are supplemented by tax credit and housing benefit to pay rent while the purchasing is done by landlords who by and large aren't affected by the wage effect

Generali

kinger101 wrote: »

You don't have a control set of data from a parallel universe in which migration was more restricted.

This is the problem with economics, double blind studies are very hard to do.

kinger101 wrote: »

The short answer is if more people are wanting to buy the same property (including LL to let to immigrants), then property prices will increase. Why do you think London is more expensive than Merthyr Tydfil?

Not true. Demand is those willing and able to pay a price, not just the number of people that fancy buying something.

For example, demand for Ferraris is low because they are expensive. The reason they are expensive is that supply is also low.

kinger101 wrote: »

Have you ever considered becoming a politician? You're in the habit of cherry picking data to make your point.

That's when (s)he isn't just making up numbers.

kinger101

Generali wrote: »

Not true. Demand is those willing and able to pay a price, not just the number of people that fancy buying something.

Well, by "wanting" I did mean wanting and in an actual position to buy.

Generali wrote: »

This is the problem with economics, double blind studies are very hard to do.

Indeed. The falsifiable hypothesis isn't something that can be done in economics (or some branches of legitimate science for that matter). But retrofitting data to support you own world view is nothing more than confirmation bias.

CLAPTON

Generali wrote: »

Not true. Demand is those willing and able to pay a price, not just the number of people that fancy buying something.

For example, demand for Ferraris is low because they are expensive. The reason they are expensive is that supply is also low.

if you're going to be pedantic you could at least try to get it right rather than this economically illiterate nonsense.

Generali

CLAPTON wrote: »

if you're going to be pedantic you could at least try to get it right rather than this economically illiterate nonsense.

So put me right. How does someone that can't afford a million pound house but quite fancies one put up the price of a million pound house via a supposed increased demand? What is the mechanism for this 'quite liking something' translating into a price rise? If I change my mind and go from not wanting to own a private island to wanting to own a private island that I can't afford, how much do you think the price rises by?

It's not being pedantic, it's about understanding what demand is rather than what idiots like you pretend it is. It's hardly my fault that you can't understand what Marshall was banging on about.

kinger101

Generali wrote: »

So put me right. How does someone that can't afford a million pound house but quite fancies one put up the price of a million pound house via a supposed increased demand? What is the mechanism for this 'quite liking something' translating into a price rise? If I change my mind and go from not wanting to own a private island to wanting to own a private island that I can't afford, how much do you think the price rises by?

It's not being pedantic, it's about understanding what demand is rather than what idiots like you pretend it is. It's hardly my fault that you can't understand what Marshall was banging on about.

You were being pedantic, because the want implied within my statement was that of someone in a position to buy, thus creating demand.

Generali

kinger101 wrote: »

You were being pedantic, because the want implied within my statement was that of someone in a position to buy, thus creating demand.

No I wasn't because that wasn't implied and certainly isn't implied in CLAPTON's innumerable posts on the subject of immigration. CLAPTON seems to think that a migrant without a pot to wee in is going to increase house prices and called me economically illiterate for disagreeing. I'd like to understand his /her thought process, assuming that there is one.