That day is coming as the population ages but I think consensus is regulation which causes the deficit in housing. I really don’t think illegals move the needle. I’m not
pro-illegal immigration or a lefty, I just think illegal immigration is either net positive for supply or at worse flat.
@siftnewsapp@Barchart Another indication that rates cannot go higher, no matter what inflation does. You cannot manage modern money supply with rate movements.
BREAKING 🚨: Housing Market
The largest mortgage lender in the United States, United Wholesale Mortgage, fell to an all-time low after suffering its largest drop in history 📉 📉
@ravikiran_dev7 But see that’s the thing- it doesn’t have to save humanity- all it has to do is make Sam a bunch of money. He figured out the solution to that a long time ago!
Basically, you have many cooks in the kitchen with a vested interest that housing prices stay elevated including the government which collects taxes based on assessed value and benefits from a robust economy based in large part on inflated home values (holla back 2008). I don’t know what you call that? It’s not quite a monopoly. @grok do you have any suggestions?
No you misunderstand- the value of the home is in the labor of assembly. The labor is done by illegal immigrants, almost exclusively at pennies on the dollar. The material is virtually garbage (plywood and plastic) and the grift is everything else that makes those shitty ingredients 500k. It is a scam on all fronts
Major builders, local governments with permitting, national governments with interest rates, big banks through lending standards , real estate agents and mortgage officers who get paid based on the inflated price of the home, a global economy based on the product of essentially slave labor and plywood…its actually more of a conspiracy, now that I think about it…
@tweeternicus@elonmusk Yeah, I’m thinking manufactured homes (like prefab). They have prefab homes now but they’ve somewhat unpopular. Build all the solar city stuff and power wall into it. Comes standard with a tesla charger . Contract boring company to dig wells. Maybe Im just dumb