The Border Crisis: Is Allowing Illegals To Flood In A Good Thing?

vantexan

Well-Known Member
Supply and demand controls where the houses are built and how much they are going to sell for. If you have more people than houses those people will be bidding higher to get the few houses. If you have less people than houses you will have sellers dropping the price to be able to sell. You can see this here in America. Go to some city that no one wants to be in and you can get a house cheap. Go where everyone is going and you will be paying a premium if you want a home. This goes for every commodity. More demand more price, less demand less price. 20 million extra people will drive up the price on every commodity.
It's interesting that housing stock was being bought up around the country by several corporations, driving prices up. It's almost like they were told in advance the government was going to let in millions illegally and pay top dollar to house them. Would love to know how much these corporations have donated to Democratic campaign coffers and wonder how much has been paid under the table?
 

Operational needs

Virescit Vulnere Virtus
It's interesting that housing stock was being bought up around the country by several corporations, driving prices up. It's almost like they were told in advance the government was going to let in millions illegally and pay top dollar to house them. Would love to know how much these corporations have donated to Democratic campaign coffers and wonder how much has been paid under the table?
With the three hurricanes hitting Florida in the last three months people are starting to sell their homes for cash, under the price they paid for them, so they don’t have to worry about fixing them. I’m thinking companies like Black Rock are getting ready to do some major Florida property buying.
 

Darmark7

Retired 2020. Not my Problem Anymore!
With the three hurricanes hitting Florida in the last three months people are starting to sell their homes for cash, under the price they paid for them, so they don’t have to worry about fixing them. I’m thinking companies like Black Rock are getting ready to do some major Florida property buying.

I live in SW Florida and I have seen multiple times what supply and demand does to the price of homes. In 2008 when everyone was loosing their homes I could stand on any street around where I live now and more homes were empty than occupied. I was in a good position so I bought a brand new house that an investor built and foreclosed on. It is a 4 bedroom 2 bath 2400sq ft home and I got it for $82k. Then years went by and things got better with the economy and all the New Yorkers and other northerners started moving to Florida and my home‘s value went to $425,000 (not a good thing for insurance and taxes.) Now with the cost of insurance and the multiple hurricanes we have had people think twice about moving here and people already here are moving out. The price of my home now is valued at $375.000. Supply and demand is what it is all about.
 

Operational needs

Virescit Vulnere Virtus
I live in SW Florida and I have seen multiple times what supply and demand does to the price of homes. In 2008 when everyone was loosing their homes I could stand on any street around where I live now and more homes were empty than occupied. I was in a good position so I bought a brand new house that an investor built and foreclosed on. It is a 4 bedroom 2 bath 2400sq ft home and I got it for $82k. Then years went by and things got better with the economy and all the New Yorkers and other northerners started moving to Florida and my home‘s value went to $425,000 (not a good thing for insurance and taxes.) Now with the cost of insurance and the multiple hurricanes we have had people think twice about moving here and people already here are moving out. The price of my home now is valued at $375.000. Supply and demand is what it is all about.
I also live in SW Florida. I was living here in 2008 and watched people abandoning their homes after destroying them inside. Or for scavengers to break in to steal whatever they could. My route then had multiple industrial parks that became like ghost towns as businesses went out of business. It was really sad to watch because I knew that meant more people losing their homes because they lost their job.
 

Operational needs

Virescit Vulnere Virtus
I live in SW Florida and I have seen multiple times what supply and demand does to the price of homes. In 2008 when everyone was loosing their homes I could stand on any street around where I live now and more homes were empty than occupied. I was in a good position so I bought a brand new house that an investor built and foreclosed on. It is a 4 bedroom 2 bath 2400sq ft home and I got it for $82k. Then years went by and things got better with the economy and all the New Yorkers and other northerners started moving to Florida and my home‘s value went to $425,000 (not a good thing for insurance and taxes.) Now with the cost of insurance and the multiple hurricanes we have had people think twice about moving here and people already here are moving out. The price of my home now is valued at $375.000. Supply and demand is what it is all about.
Congrats on getting a house for a bargain. I’d much rather “Average Joe” benefit from other’s misfortune than these large investment companies like Blackrock.
 

Babagounj

Strength through joy
Those who are selling their current home "as is" are actually breaking even.
Many are pocketing the insurance claims money , to offset any losses.
 

Darmark7

Retired 2020. Not my Problem Anymore!
We have to prepare for higher prices in response I think.

We have gotten higher prices no matter what decisions they make. The same people scared they are going to have to pay more for something are the same ones buying a $10 star bucks every day on the way to work.
Why have we never heard that letting millions of people in would cost us more? I guarantee you that the side that wants to get the illegals out can show you the numbers that will tell you how much money it will save us to deport them.
 

Thebrownblob

Well-Known Member
We have gotten higher prices no matter what decisions they make. The same people scared they are going to have to pay more for something are the same ones buying a $10 star bucks every day on the way to work.
Why have we never heard that letting millions of people in would cost us more? I guarantee you that the side that wants to get the illegals out can show you the numbers that will tell you how much money it will save us to deport them.
The Fed chairman said today he would tell Trump to go pound sand if he fires him. If he’s able to do that, it tells you who’s really running the country.

Andrew Jackson was right
 
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Over70irregs

Well-Known Member
We have gotten higher prices no matter what decisions they make. The same people scared they are going to have to pay more for something are the same ones buying a $10 star bucks every day on the way to work.
Why have we never heard that letting millions of people in would cost us more? I guarantee you that the side that wants to get the illegals out can show you the numbers that will tell you how much money it will save us to deport them.
You hit it with $10 drinks
 

vantexan

Well-Known Member
That was cheap labor and babies. Interesting to see the reports of way higher labor costs pushing home prices later.
Considering the run up in home prices the last 4 years I don't think continuing to import millions illegally is going to help. Just puts more pressure on an extremely tight housing market.
 
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