But yeah, at least immigrants do drive up property values.
I hear this all the time and it does bug me.
No one
forces sellers to raise prices as people with more money come into an area or when demand increases.
This is just "free"** people making their individual choices at work. IOW, a market.
If locals wanted property values to remain stable they would simply not raise them. Of course that isn't what the local sellers want, but local people who are buyers are up in arms blaming the 'immigrants' for 'driving up prices'. They should be blaming their neighbors for asking (and getting) more for their property.
So to put the onus on the 'immigrants' as if they are somehow doing something wrong is disingenuous.
**Yeah, I'm using the term pretty loosely.