My guess is that most new immigrants will … not have cash or enough savings to go and start buying homes," he said. "I don't expect them to exert pressure on housing prices as much, but more so on the rental demand."

This is their "expert." No pressure on home prices, right? But tons of pressure on rental prices.

Retarded expert doesn't even realize that this actually does put pressure on home prices, as higher rental rates shift more current renters to buy, increasing housing demand and also makes rented dwelling units more profitable for landlords, further increasing demand and prices for homes.