2024 POTUS Thread...

Status
Not open for further replies.
Plan9Misfit

Plan9Misfit

Appreciate The Hate
Joined
Apr 7, 2013
Messages
7,385
Cowboysrock55 said:
I think you misunderstand the housing market. The low level prices go up, it pushes everything up. If you think a shithole suddenly costing 300,000 because of demand is going to make the awesome 300,000 house stay at 300,000 you're mistaken. It creates an upward pressure. No different than a $15 dollar an hour burger flipper means the nurse isn't going to get paid $15 an hour anymore. If shitholes sell for more, then the next level of housing prices are going to go up too. And it continues up the food chain. It is how a housing shortage works.
Click to expand...
And I think you are overstating the number of immigrants seeking to buy property or how much influence it has on the market overall. I fully understand how supply and demand works and I understand the housing market very well, as I’ve purchased multiple properties in multiple states. I simply doubt that immigrants are driving up that much demand for property because it’s much harder to qualify for home loans since the housing crash in 2008, especially for them. The requirements for immigrants to qualify for loans are much tougher than they were during the sub-prime days. If they’re DACA recipients, then they’ll qualify for FHA loans, but most don’t qualify.
 
Last edited:
Cowboysrock55

Cowboysrock55

Super Moderator
Staff member
Joined
Apr 7, 2013
Messages
59,557
Plan9Misfit said:
The requirements for immigrants to qualify for loans are much tougher than they were during the sub-prime days. If they’re DACA recipients, then they’ll qualify for FHA loans, but most don’t qualify.
Click to expand...
I can't tell you a number for the impact because we have no idea. But rentals drive up the prices too. The more money you can make renting a property the more value that property has. I will say, illegals do a lot of times pay rent, in cash, and believe it or not pay well. I don't live in California but roofers, landscapers are often times making really good money here in Missouri. I just got a new roof on my office building. They did great and most couldn't speak English.

I hope you don't take this as some sort of an anti immigrant stance. Because I'm not against the hard working folks. I just think a record setting influx on them has a bigger impact on economics than you realize. Which is why it's important to control the numbers.
 
Plan9Misfit

Plan9Misfit

Appreciate The Hate
Joined
Apr 7, 2013
Messages
7,385
Cowboysrock55 said:
I can't tell you a number for the impact because we have no idea. But rentals drive up the prices too. The more money you can make renting a property the more value that property has. I will say, illegals do a lot of times pay rent, in cash, and believe it or not pay well. I don't live in California but roofers, landscapers are often times making really good money here in Missouri. I just got a new roof on my office building. They did great and most couldn't speak English.

I hope you don't take this as some sort of an anti immigrant stance. Because I'm not against the hard working folks. I just think a record setting influx on them has a bigger impact on economics than you realize. Which is why it's important to control the numbers.
Click to expand...
It’s always important to control the numbers, but it’s also important to realize the economic impacts the other way as well. Reducing the number of immigrants who are paid lower wages, in cash/under the table, raises the operating costs for companies, farmers, etc., which results in much higher prices because they’re now forced to pay American laborers to perform the same jobs; many of which American workers refuse to do given the working conditions. Again, that’s the quiet part that Republican carnival barkers won’t discuss. Now, that doesn’t mean that the borders should be wide open like what the Democrats want because that’s patently absurd, but the economic impacts of not having immigrant labor is just as bad - if not worse - than having it.
 
Chocolate Lab

Chocolate Lab

Kuato Lives
Joined
Oct 2, 2014
Messages
28,262
bbgun said:
?

I've seen reports that she and Bill are encouraging Joe to stay in the race.
Click to expand...
Seriously? Why would they do that?
 
Genghis Khan

Genghis Khan

The worst version of myself
Joined
Apr 7, 2013
Messages
45,034
Plan9Misfit said:
How reliable is that site, though? Aside from it being called “Twitchy”, the author of the article won’t even provide his last name, which makes me a bit skeptical on its credibility.
Click to expand...

The article itself seems to be based on tweets from this NBC White House correspondent.




 
Status
Not open for further replies.
Top Bottom