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[rado]

hogfan, I live here in here in Los Angeles and many times members of lower socioeconomic groups band together to rent or buy a more expensive home than they would be able to afford acting alone. Also, even though they may occupy the lower priced housing market, individuals looking to sell their lower income house in order to move to a middle income house need to be able to sell it to someone at a decent price in order to make the move to a middle income house. So I tend to think that the lower income housing markets supports the middle income and upper income housing markets. Supply and demand suggests that immigration affects housing prices - more people lead to more demand for homes equating to higher home prices.