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Stan Sexton's avatar

It will take longer than Europe (except Poland), but eventually we will be speaking Arabic. Either a higher birth rate or restrictive immigration.

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What I don't understand is why the cost of housing is growing when there should be plenty of available units, with fewer young people looking for houses and the huge aging baby boomer generation looking to downsize from their big two-stories before they die? Millions who owned homes are already dead. Shouldn't the laws of supply and demand translate into lower housing prices, or are high property taxes propping them up?

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