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re: Housing market not cooling off at all
Posted on 4/10/24 at 11:07 am to ThermoDynamicTiger
Posted on 4/10/24 at 11:07 am to ThermoDynamicTiger
quote:
It also doesn't help when you allow 10 million + illegal immigrants into the country in a 4 year period. Supply and Demand.
Wait. Your argument is that illegal immigrants, who mostly make barely enough to get by and can’t legally get a bank loan for a home, are causing prices of homes for sale to go up?
2
Posted on 4/10/24 at 11:08 am to AbitaFan08
Logic holds. If they all rent, 10M less rental unit (let’s assume 1 per, but logic holds either way), less unit = higher price for rent = more people choosing to own and suffer (house poor) = home prices go up
Posted on 4/10/24 at 12:30 pm to AbitaFan08
quote:
Wait. Your argument is that illegal immigrants, who mostly make barely enough to get by and can’t legally get a bank loan for a home, are causing prices of homes for sale to go up?
They aren't living in caves. They have to put a roof over their head and all housing is connected on some financial level. Hedge fund buys crappy houses and rents them out to Mexican roofers knowing they can act more slum-lordy with illegals = less entry-level housing stock available for Americans = higher prices on the supply demand curve. More illegals moving into apartments pushes rents higher which also impacts house prices.
Do you guys really think that adding millions of illegals every year beyond the natural birth rate has no ripple effects on our economic lives?
And Jesus Christ don't even get me started on Healthcare. Do you idiots think your $10,000 ER visit bill is because the raw materials in sutures and antibiotics skyrocketed?
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