Conrad Puzier

People aren't having kids as much anymore as they used to. A lot of these big expensive cities are still losing people to the rest of the country, even though it's now a slower pace than during the pandemic. So what you're left with is really immigration as a driver of growth. And it's not just New York and San Francisco and LA, even places like Atlanta.

People aren't having kids as much anymore as they used to. A lot of these big expensive cities are still losing people to the rest of the country, even though it's now a slower pace than during the pandemic. So what you're left with is really immigration as a driver of growth. And it's not just New York and San Francisco and LA, even places like Atlanta.

And all that means that population growth in these big cities is on pretty shaky ground. Because the Trump administration is pretty open about wanting to restrict immigration. And if you stop the flow of immigrants to big American cities, their population are likely to shrink again.

And all that means that population growth in these big cities is on pretty shaky ground. Because the Trump administration is pretty open about wanting to restrict immigration. And if you stop the flow of immigrants to big American cities, their population are likely to shrink again.