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Yes, I would say it is a major factor.

Cost more once you factor in education since it can't be denied despite immigration  status along with reduction in wages for low-wage workers with a surplus of workers. 

California.  I lived there for 35 years.  I left it 2008.  Rent was too high anywhere in the Bay Area.  Apartment rent would be raised like $350.  There's no rent control...

There is no where to go but to the American people. So they either raise taxes, or sell some assets. Oil is not America's Achilles heel, it's out National Debt.