50 years.....

[Budman]

Rates should be 2.5% lower by now. Builders are offering incentives to get buyers in the home.

[Budman]

Blackman,
Maybe your kids need to look at a cheaper house.

[Lucas McCain]

Trump did keep his campaign promise about shutting down the borders. I give him credit for that. I'll leave ICE out of this post because that's not what this thread is about.

Anyway, you guys can get back to talking about housing and interest rates which IMO is more interesting because my sister is a builder. Her rich clients just pay cash for the mansions she builds with her likely illegal immigrant laborers that her contractors employ. Haha

[1blackman1]

Originally Posted by Budman

Bullshit. It is not the cost of the home that prevents some from purchasing a home. It's the interest rate. Inventory is low because many can't qualify with higher rates. The housing market will boom with lower rates.

What you’re saying is wrong. But there’s no need telling you otherwise. Just know that interest rates aren’t that much higher than 20 years ago. But home prices are ridiculously more.

The overall effect of deporting the folks actually doing the labor of home building will be even higher prices. On top of that lowering interest rates will drive additional competition for the depressed inventory - hence driving up prices further.

So we need higher inventory to drive down prices. Not lower interest rates.

[texassapper]

Originally Posted by 1blackman1

So we need higher inventory to drive down prices. Not lower interest rates.

Deport 30 MIL illegals and demand will drop for apartments and homes...

[Jacuzzme]

Originally Posted by CPT Savajo

Border Patrol finally doing their jobs which will probably change in 4 years. Hopefully Trump doesn't follow thru with his Gold Card plan for 1 million people seeking permanent US residency at $5 million a pop. Allowing the rich to buy their way in so they can buy up America is a not a good idea.

Better that than millions of indigents sucking up social safety nets meant for citizens.

[1blackman1]

Originally Posted by texassapper

Deport 30 MIL illegals and demand will drop for apartments and homes...

Will it? I have my doubts. Though I suppose we'll see in 20 years (since that's how long it'll take for those deportations). I don't live in an area overrun with illegal immigrants but home prices nonetheless are sky high and rising. So I have serious doubts that the illegals are having a high demand on the housing market.

What I do know though is that the cost of building homes is increasing due to labor costs (deportations) and wood (tariffs) so we know who's the root cause of the increase.

[CG2014]

I don't understand this thread.


The title reads:

" 50 years....."

but the starting post by texassapper is blank:

no text, no images.

Originally Posted by texassapper

50 years....." what?

[Precious_b]

Originally Posted by CPT Savajo

Border Patrol finally doing their jobs which will probably change in 4 years. Hopefully Trump doesn't follow thru with his Gold Card plan for 1 million people seeking permanent US residency at $5 million a pop. Allowing the rich to buy their way in so they can buy up America is a not a good idea.

Why?! This is the new Bracero Program. donny brilliantly solved the immigration problem while having those that need the labour up here fund it. I think this is the best idea the maggies had. *BUT* as always, their malformed spines can't support it.

sad.

Originally Posted by Jacuzzme

Better that than millions of indigents sucking up social safety nets meant for citizens.

So you are saying Social Security will be there for me when I retire.