Thanks to Trump's crackdown on illegal immigration (undocumented Americans my ass) the real estate market is predicted to plunge. Since 1/3rd of illegal immigrants own a house this will severely "hurt" our economy.
(I assume this includes rent)
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Why aren't you buying illegal immigrants houses Sup Forums?
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Doesn't the left realize that importing millions of illegal immigrants just isn't a viable long term plan???
...
When should this be appreciable? I'm in senior year of university so I can't do shit now, but next year or soon after I want a fucking home.
Damn user you are lucky. Lots of Americans can't even afford Uni these days much less a help. What are you studying?
Rent should also fall, it just depends on the market forces.
>homes will be affordable again
>this is bad
>Boomer's equity decreases
Anything that hits those greedy fuckers in the pocket is good news.
>Since 1/3rd of illegal immigrants own a house
don't you need a SSN for that
>homes will be affordable again
>this IS bad
>now it's a buyer's rather than a seller's market! oy vey!
The House market is about to be on the buyers side for once in my entire lifetime and this is some how bad?
Export the brown town.
>Lots of Americans can't even afford Uni these days
So they should stop being stupid and get financial aid. If you're too poor to pay you're entitled to schooling through a bachelor's degree.
Software engineering.
Trick question. Illegals like to forge stuff like that.
Thank fuck. I wanted to be able to buy a house.
And be a commie? Also most aid these days is for minorities.
how do you forge a SSN?
this
fuck the boomers
I remember this.
They have SNNs. I know a guy who owns a construction company that hires people with SNNs he knows are illegal, but he can't do anything about it because of California anti-racism laws
This is awesome for people looking to buy homes
Good. maybe now young white people will be able to afford a home.
Of course the jews are kvetching
>Since 1/3rd of illegal immigrants own a house this will severely "hurt" our economy.
That's gotta be BS. At least in Texas tons of them live in those mobile homes like pic related.
$30k for 3 bed 2 bath.
Lots more live in apartments. I bet most of them are not homeowners.
Ghetto trash sell their SSNs for drugs.
If the government offers to pay for something you're stupid to oay yourself because the prices are greatly inflated due to the government covering it. See rent prices around where military rent apartments.
>Most aid is for minorities
Non-whites and women just get more handed to them. Even more reason to avoid paying for this shit.
Buy to let landlords are parasites
I like their wording, really trying to make it seem like absolutely NOT ACTUALLY A GOOD THING.
True. All of my current education was funded indirectly. Good luck with software engineering.
>housing market gets cheaper as illegals making wads of cash doing physical labor for untaxed pay get removed, and under privileged white americans needing homes can now afford them
And this is bad because why?
> paying a mortgage than rent
> this is bad says Jews
Good, now I can finally move out of my mom's basement.
I'm 35
right? feel like the world is upside-down sometimes
Or....this is agitprop...and considering POTUS made his fortune in real estate, it may be a different outcome.
why have you not deported all of the mexicans with houses then? if the socialists want redistribution, give it to them. redistribute the mexican houses to the poor.
literally this
I guess they're trying to remind Americans of the negativity surrounding the housing crash in 2008.
Because leftists have a massive boner for for brown people. It's so bad here that CIS estimated 62% of illegal households are using our welfare system.
Bad for the Kikes.
>i'm paying to learn things the 14 yr old neighbor knows for free
>i somehow know anything about actual life
my dude, you should reevaluate your shit. if you have even the slightest clue about what you are studying, you're wasting your time and someone elses money.
ITT: a bunch of faglords pretending they have a down payment saved up
jesus this is retarded
>woo deflation
>wait debt doesn't deflate
>wait imports are way more expensive
>but i like iphones
>let's just cancel our debts
>that won't be so bad
>what happened last time we did that?
fried rice
you're a brainlet in community college. student loans fall under financial aid and is the first thing brother jonathan offers students
How old are you kid?
YES PLEASE DO IT THANK FUCK
>could
>It's so bad here that CIS estimated 62% of illegal households are using our welfare system.
do most people even know about this?
yea dude japan should just grow exponentially until there are a billion people on that island
>letting your children be able to buy a house is bad
kill boomers
>billion
>not trillion
the population has to increase exponentially forever or else the economy will collapse you dumb goy.
true but it doesn't need to increase so fast
Maybe the future of an entire people shouldn't be based on gambling on infinite growth and running a debt ponzi scheme?
good,i can finally afford a house, fucking boomers demanding their homes go up in value and ask their kids why they still rent.
we canceled Germany's debt after WW2 and they had an economic "miracle" recovery
really makes you think
Sorry house prices will rise because fewer people are watching NFL on Sundays and mowing their lawns instead.
>being this short sighted and retarded
Of course you're a software autist.
yes, that was precisely my point. good work.
i don't disagree, but we're in the game globally at this point.
>canceled debt after destroying their country
that's my point
>really makes you think
yes, absolutely shocking that a country's industries would be rebuilt after wartime destruction. you should be an historian, you have the right stuff.
You're kind of stupid for putting 4 years into an inevitably overvalued piece of paper regardless. Software skills can easily be learned apart from the overpriced, usurious college industrial complex propaganda machine. You haven't thought about this very much, have you?
>this is a bad thing
>The value of a man's labor even without education will rise
>House prices will fall
>(((Growth))) will in real estate will slow
>HOUSE PRICES WILL FALL
No, they'll be just fine.
And I'm not watching your youtube video
So I might be able to buy another rental?
Excellent.
>Rent should also fall, it just depends on the market forces.
You would think they should fall. But they are going up. As a rental property owner (small, only 2 units), I'd say my biggest worry going forward is property taxes.
If taxes go down, rents will surely go down.
>The House market is about to be on the buyers side for once in my entire lifetime
Too bad you missed the 2008/2009 real estate crash.
Fuken awesome.
But we are overdue for a down turn, so get squared away to take advantage of it.
They're only 9 digits long, not too hard.
desu another bubble wouldn't be suprising
the bail out is proof that the real issue is not solved
>could
Don't hold your breath.
Housing prices are TOO high in CA. This will solve a problem, not create one.
>Americans are getting jobs
>Wages are going up
>Housing prices are falling
What a time to be alive.
Hey, fuk u, real property owner here, income producing rentals.
But it is work, and risk involved..
Not for faglords......wait, am I a.....?
Yes, it's very (((bad))).
next crisis pic related.
It's more complex than this.
Yes housing prices going down dramatically is long overdue and will benefit the extremely vulnerable american middle class a lot, but before that happens we will see a massive deflationary crash. Technology is supposed to make things more efficient (thus deflationary) and this is completely at odds with the narrative of essential inflation.
Think of how much more simply building a house costs even in inflation adjusted terms.
But we do it so much faster with modern tech. So there should be deflation in the price of building homes if not land prices.
Lol no, we're heading towards a market correction, and housing will be hit big.
It's like these people don't understand how the Fed works.
>When illegal immigrants have been here long enough to buy a house and you're upset it may hurt the economy if we deport them
This is why the country is fucked.
What's the x axis?
I'll forgive the y axis because of the arrows. But this graph, while fascinating is also a shitty graph.
>the bail out is proof that the real issue is not solved
This has been talked about.
The next failure won't be a "bail out", but a "bail in" of personal bank deposits.
Wouldn't be the first time the US had a "Bank Holiday".
See pic....
CITIZENS need affordable housing, so fuck them
It is a shitty graph.
Look up Martin Armstrong Economics for more info.
oh noes, people will be able to afford a decent house again
we cannot let this happen, impeach that orange dorito hitler
You get a dead persons and act like it's you amigo
>Since 1/3rd of illegal immigrants own a house this will severely "hurt" our economy.
bad goy
let those stupid goyim go into debt to pay for those homes.
i fucking wish it would crash the real estate market I just started looking for a house fucking hurry up
...
...
I'm planning on buying a house in 1.5 years. Is this good timing?
>Oh,no! I have to treat my employees like real people, not slaves.
If interest rates go up, some think this will drive demand up and thus house prices.
Start getting your shit together now, meaning build your credit score and have a steady job when ready to apply for a loan.
195 sq ft is worth half a million USD in Hong Kong, the money-laundering center for China. The commie chink will buy everything.
Very secure financially and I have excellent credit, but been renting for years due to working in LA (not from here) where it makes no sense to buy and I wouldn't want to anyway. Just wanna move back east and put as much down as possible on a house that's worth less than I can technically afford. Hoping to purchase an investment property in a a few more years after that.
>'Everything can be taken away', an undocumented worker fears
Well that's good he's self-aware, if only he was that smart before he became illegal.
You mean rent will be affordable again. Americans never had a particularly high ownership of homes.
how is this a bad thing you fucking dolt, everythings hyper inflated to garbage right now. We need shit to drop down, this is all according to plan. But then again im trying to sell my house in the ghetto right now because its hyper inflating to a good value of 130-150k.
Nice blog. Thanks famalam
The Left is saying it's a bad thing. Everyone with half a brain knows that falling housing prices is a great thing if you want to own a house.
Point is the regressive left actually believes that deporting illegals will hurt the economy. The problem is that its bullshit.
He has a very good track record, or rather his AI program.
Human nature does not change, so history basically repeats.
housing prices are basically a bubble waiting to happen just like 08 if not worse, Obama just kicked the can down the road.
fucking KILL yourself
interesting
One basic rule is if you can buy real estate at .50 to .60 cents on the dollar of tax value, you can't go wrong, exception of course would be something like a $1 house in Detroit. gl
I really need to start indicating sarcasm, fyi, the post is sarcastic
>Why aren't you buying illegal immigrants houses Sup Forums?
We ARE buying their houses.... with our fucking tax dollars and the illegals move into them.
Next thread.
History rhymes in my opinion. But both descriptions are similar.
Humans ascend in hardship, excell at creating abundant wealth due to our abilities. After wealth becomes abundant we value it less and are more willing to share it out, thus socialist policies are enacted and the empire slows, stalls and falls. Right now we are somewhere in the stalling phase in the western world.
The Romans adopted keynesian-esque economics millenia before the man was even born. Hardly a co-incidence.
They live like 10 to a house. Mexicans literally do not migrate to places where they put a limit on this. Towns do this specifically to keep Mexicans out which increases the value of the homes. People actually look at crime and demographics when deciding where to live, this is why suburbs even exist
Man I wish that would actually happen in Canada. We're triple downing on the immigration because the worst kept Canadian secret is that our entire economy is based on the real estate bubble.