Population Boom a Boon to House Prices?

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    The combination of rising birth and immigration rates will boost New York City’s population by roughly a million people over the next two decades, according to the NY Times. Even if the building boom continues (and it’s bound to at least have some hiccups), the demographics will have to provide upside pressure for prices as we see it. Obviously, a host of macroeconomic factors, like low savings rates and rising interest rates, and the potential for exogenous shocks (like terrorist attacks) could all do their part to hurt homeowners, but all else being equal you gotta figure that a 12 percent rise in the number of people needing housing will, all else being equal, translate into higher prices over this period.
    A Million More People by 2025 [NY Times]

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