Its starting: Zillow CEO says Trump’s deportation plan will help lower housing prices

[Paper Boi]

So tariffs and deletion of cheap labor are going to make houses cheaper by first making them so prohibitively expensive that it wipes out demand and the market is forced to take a L and drop prices?

yeah the math aint mathing

 

[JT-Money]

Man I really want to buy a house next year now I'm quite conflicted cause the prices aren't gonna go down like people think. Just dont want to be priced out

If the economy improves you could end up making more money. Right now the labor market is trash. So companies don't need to raise wages.

 

[voiture]

Where are they handing out 400K loans to illegals who just hopped over the border

 

[cyndaquil]

All I can say is we shall see.
Thecoli is usually wrong about everything so let me take notes on the opinions in this thread

 

[☑︎#VoteDemocrat]

Housing prices will never go down. Anyone who says that is lying or has no idea what they are talking about. They might stay the same but go down never. Unless you’re talking about a run down shake in the middle of nowhere or a crime infested area next to a drug house.

rentals are going down in certain markets thanks to housing supply increases

 

[Crude]

Most of those illegals working in landscaping, construction, and as farm hands aren’t buying 400K plus homes.

I’m calling bullshyt right there… it’s basic supply and demand. Right now the demand is high on homes and it outpaces the available inventory of desirable homes in good locations.

Let too many of those homes start sitting empty and the bank or homeowner has to eat the mortgage, insurance, and property taxes for too long either the price decreases or it is taken off the market.

 

[voiture]

Where are they handing out these loans for illegals who just hopped the border?

 

[Adeptus Astartes]

How are illegal immigrants buying houses?
BS...you need SS and tax info to get a loan.
Unless they want to tell me illegals are buying houses in cash.
Average house in America is 400K. No illegal has that.
This is a populist position which doesn't work in the real world.

They're not buying, but they are renting.

 

[Sad Bunny]

Humans are just a dollar sign to these corporations and CEOs. They don’t give a damn about none of us.

 

[Richard Glidewell]

I know what a tariff is.

What I am saying is that the banks have all the control of housing prices regardless. They have no incentive to lower the cost of housing.

Not you specifically you spoke plainly. It's worse than the just the banks these days, there are concerted efforts by wall street firms to buy all the housing to turn everyone into renters.

 

[IIVI]

"The best time to plant a tree is 20 years ago, the 2nd best time is now."

People always give that as investment advice. Some rich people who have something to gain are now telling you opposite.

If you have money for a house, you need to be looking now, in my honest opinion. Otherwise may be staring at insane prices and "would've's could'ves" because some old rich boomer to you to wait for the right time with Trump policy. Not financial advice.

 

[⠀X ⠀]

Why wouldn’t it? There’s this thing called supply and demand…

 

[BeeCityRoller]

Feds just cut rates again today. Blackstone going to ramp up buying again next year for all the 300k-500k outdated homes boomers haven't maintained.

Canada prices incoming. Trumps plan to build homes 40 miles away from the nearest city on some Federal Land away from all the jobs ain't going to solve anything

Call it general wealth because you going to need the whole family working to afford it.

 

[the cac mamba]

It's not supply and demand.

the 30 million people in this country illegally, where are they living? who do they compete with for housing?

simple, direct questions

 

[beejus]

Unless the Chinese and Indians who work in the tech industry are being deported housing prices in my area will not be going down anytime soon. Sold my house last month in less than 36 hours well over asking and it wasn't an illegal immigrant that was buying it.