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One area in which we can be certain mass immigration has an effect is housing. More than one third of all new housing demand in Britain is caused by immigration. And there is evidence that without the demand caused by mass immigration, house prices could be 10% lower over a 20-year period. ↗
Some times you lose more than you win. It's about handling losses and trying to turn them into positives. You get out into the big leagues and there's a period of adjustment to be made. You've got to handle it. ↗
#adjustment #big #big leagues #get #got
Japan's experience suggests the importance of assessing the sustainability of price stability over a fairly long period, which many central banks have emphasized in recent years. ↗
