RealEstateBear said:

---

Mass illegal and legal immigration is why people can't afford homes. Mass deportations will take care of the problem and believe me it must and will happen.

Looking forward to the real estate crash when millions of homes come up for sale once we remove people who do not belong here

---

You seeing a lot of underwriting of loans for undocumented migrants??

Or you mean they rent places other people might rent?

cowboycwr said:

---

RealEstateBear said:

---

Mass illegal and legal immigration is why people can't afford homes. Mass deportations will take care of the problem and believe me it must and will happen.

Looking forward to the real estate crash when millions of homes come up for sale once we remove people who do not belong here

---

I have heard this said several times but it doesn't make sense to me. Illegals tend to buy homes in the areas people don't want to live in. They are usually much older homes or smaller new homes. They do not tend to buy the 3 or 4 bedroom, 2000sq ft houses. So it seems the homes they are buying should be the expensive ones and not much of an impact on the slightly larger ones.

---

That is true, but it still creates upward pressure on housing supply. It forces the poor into rental property, and those who can do so will trade up to a larger & more expensive home. And of course the sellers will do the same. And on and on and on.

Macroeconomics 101: Supply & demand. Every time a person crosses the Rio Grande, the consumption of tacos & toilet paper goes up. And they have to sleep somewhere. If 20m of them are finding places to live, there must be 20m new beds for them or demand will outstrip supply leading to increased prices.

One of the big risks of deporting 20m million people is that it pops the bubble too fast. With 00 buckshot.

Think of it this way. PIck a number. 11m illegals is roughly Ohio. 20m illegals is roughly New York. Deport 10m illegals? It's like taking every living being out of Ohio, leaving the state totally empty. Deport 20m illegals? It's like taking every living being out of NY, leaving the state empty. That will create a LOT of supply for housing. It would crater the real estate markets nationwide, residential AND commercial. Foreclosures would quickly collapse the banking system. And on and on 3rd, 4th order effects.

THAT is why it will not happen. (at least not in the 10-20m range). Even during the hot phases of the Industrial revolution, population growth was the largest single portion of economic growth. Tacos & toilet paper.... The allure of it, cheap and easy economic stimulus, is why both parties let so many illegals just walk across the border over the last 20 years. A little illegal immigration is a positive. Too much is destabilizing. We are in that latter territory now.

At my boy's apartment complex in Seguin, Texas, it seems like all of a sudden it is only about 50 percent full. I suspect there were many illegals there on the government dole that have chosen to leave. Rents are getting cheaper quickly in Seguin. Not sure about the bigger cities.

Some of you are really convinced that undocumented migrants, making $8/hr are buying homes.

Which sort of flies in the face of "houses are too expensive so gen whatever can't afford them".

In 2023 there were around 5,000 underwritten ITIN loans (that's is loans to people with no SSN).

The upward pressure argument makes sense if you mean rent for apartments and crap hole homes in terrible parts of down should go down…because that's where people that make $8/hr live.

nein51 said:

---

Some of you are really convinced that undocumented migrants, making $8/hr are buying homes.

Which sort of flies in the face of "houses are too expensive so gen whatever can't afford them".

In 2023 there were around 5,000 underwritten ITIN loans (that's is loans to people with no SSN).

The upward pressure argument makes sense if you mean rent for apartments and crap hole homes in terrible parts of down should go down…because that's where people that make $8/hr live.

---

don't let yourself be convinced that all illegals are making $8/hr. Once they gain some skill in the trades, the rate gets more competitive than that. Think $12-15/hr.

the upward pressure from illegal immigration is a known dynamic in real estate markets. Sure, 20m illegals do not create immediate demand for 20m homes. But it does have effect. we do not have 20m new housing starts a year. And yes, the impact is felt first in rental and low-income housing, by first-time homebuyers, the working class, etc....downward pressure on wages, upward pressure on housing prices. The wealthy typically profit from the dynamic. which fits Rob Henderson's "luxury beliefs" model = they tend to not mind illegal immigration at all because they benefit from it (lower labor costs, more equity in real estate) without having to bear the costs of it.

I

RealEstateBear said:

---

Mass illegal and legal immigration is why people can't afford homes. Mass deportations will take care of the problem and believe me it must and will happen.

Looking forward to the real estate crash when millions of homes come up for sale once we remove people who do not belong here

---

Thats some wishful thinking right there. Trump has closed the border so we arent getting many new illegals but he's way behind Obama in deporting. There's just no way we get to even 1 million deported in his first year and somwhere between 10 and 20 million came in under Biden. Then you have Trumps donors who want tons of Indian H1B people coming in bc companies prefer the cheap labor rather than hiring Americans who cost more.

muddybrazos said:

---

RealEstateBear said:

---

Mass illegal and legal immigration is why people can't afford homes. Mass deportations will take care of the problem and believe me it must and will happen.

Looking forward to the real estate crash when millions of homes come up for sale once we remove people who do not belong here

---

Thats some wishful thinking right there. Trump has closed the border so we arent getting many new illegals but he's way behind Obama in deporting. There's just no way we get to even 1 million deported in his first year and somwhere between 10 and 20 million came in under Biden. Then you have Trumps donors who want tons of Indian H1B people coming in bc companies prefer the cheap labor rather than hiring Americans who cost more.

---

Good discussion. I'll tell you that my priors are that immigration laws should be enforced, including by deportation, focusing on dangerous criminals first (pretty much the Trump playbook so far). A few points:

• Illegal immigrants are not driving up housing costs. While they do add some "demand" to the equation, it isn't much because they are generally low-income renters, rather than homebuyers, because they generally cannot qualify for a mortgage in the US. They may, in fact, be decreasing the costs of housing since a large amount of the labor used in the construction industry are illegal immigrants. Replacing those workers with legal immigrants will increase the costs of construction and thus the cost of housing. I still think this is the correct approach, but we shouldn't be blind to the consequences. A better solution might be a well-run guest worker program.
• H1B visa holders are generally compensated less than their native co-workers at the same company (see studies by the Economic Policy Institute from 2020), but they are only "cheap labor" when compared to their co-workers. When compared to the average US worker, H1B visa holders are paid more, often significantly more. The average salary of an H1B visa holder in 2021 was $108K - significantly higher than the average wage for all US workers. Generally, it is in the 10% of wage earners. Oddly enough, this is contributing to higher single-family home costs, especially in urban areas with high concentrations of tech companies where H1B visa holders concentrate. See, e.g. Coppell, Richrdson and Frisco, TX.

nein51 said:

---

RealEstateBear said:

---

Mass illegal and legal immigration is why people can't afford homes. Mass deportations will take care of the problem and believe me it must and will happen.

Looking forward to the real estate crash when millions of homes come up for sale once we remove people who do not belong here

---

You seeing a lot of underwriting of loans for undocumented migrants??

Or you mean they rent places other people might rent?

---

Both, a few years ago I called out a loan officer for not reporting that their client was an illegal alien on a transaction I was working on.

muddybrazos said:

---

RealEstateBear said:

---

Mass illegal and legal immigration is why people can't afford homes. Mass deportations will take care of the problem and believe me it must and will happen.

Looking forward to the real estate crash when millions of homes come up for sale once we remove people who do not belong here

---

Thats some wishful thinking right there. Trump has closed the border so we arent getting many new illegals but he's way behind Obama in deporting. There's just no way we get to even 1 million deported in his first year and somwhere between 10 and 20 million came in under Biden. Then you have Trumps donors who want tons of Indian H1B people coming in bc companies prefer the cheap labor rather than hiring Americans who cost more.

---

You mean H1B1 visas which should be outlawed.

With the BBB passed ICE is now the largest government agency in the USA. Mass deportations is a must and will happen. We don't have a choice

RealEstateBear said:

---

nein51 said:

---

RealEstateBear said:

---

Mass illegal and legal immigration is why people can't afford homes. Mass deportations will take care of the problem and believe me it must and will happen.

Looking forward to the real estate crash when millions of homes come up for sale once we remove people who do not belong here

---

You seeing a lot of underwriting of loans for undocumented migrants??

Or you mean they rent places other people might rent?

---

Both, a few years ago I called out a loan officer for not reporting that their client was an illegal alien on a transaction I was working on.

---

If a loan officer pulled that BS on me involving the sale of one of my homes …..would have blacklisted his mortgage company.

whiterock said:

---

cowboycwr said:

---

RealEstateBear said:

---

Mass illegal and legal immigration is why people can't afford homes. Mass deportations will take care of the problem and believe me it must and will happen.

Looking forward to the real estate crash when millions of homes come up for sale once we remove people who do not belong here

---

I have heard this said several times but it doesn't make sense to me. Illegals tend to buy homes in the areas people don't want to live in. They are usually much older homes or smaller new homes. They do not tend to buy the 3 or 4 bedroom, 2000sq ft houses. So it seems the homes they are buying should be the expensive ones and not much of an impact on the slightly larger ones.

---

That is true, but it still creates upward pressure on housing supply. It forces the poor into rental property, and those who can do so will trade up to a larger & more expensive home. And of course the sellers will do the same. And on and on and on.

Macroeconomics 101: Supply & demand. Every time a person crosses the Rio Grande, the consumption of tacos & toilet paper goes up. And they have to sleep somewhere. If 20m of them are finding places to live, there must be 20m new beds for them or demand will outstrip supply leading to increased prices.

One of the big risks of deporting 20m million people is that it pops the bubble too fast. With 00 buckshot.

Think of it this way. PIck a number. 11m illegals is roughly Ohio. 20m illegals is roughly New York. Deport 10m illegals? It's like taking every living being out of Ohio, leaving the state totally empty. Deport 20m illegals? It's like taking every living being out of NY, leaving the state empty. That will create a LOT of supply for housing. It would crater the real estate markets nationwide, residential AND commercial. Foreclosures would quickly collapse the banking system. And on and on 3rd, 4th order effects.

THAT is why it will not happen. (at least not in the 10-20m range). Even during the hot phases of the Industrial revolution, population growth was the largest single portion of economic growth. Tacos & toilet paper.... The allure of it, cheap and easy economic stimulus, is why both parties let so many illegals just walk across the border over the last 20 years. A little illegal immigration is a positive. Too much is destabilizing. We are in that latter territory now.

---

No, it's time to rip the band-aid off. Illegal and legal immigration. Boomers are going to have to hire……gasp Americans

KaiBear said:

---

RealEstateBear said:

---

nein51 said:

---

RealEstateBear said:

---

Mass illegal and legal immigration is why people can't afford homes. Mass deportations will take care of the problem and believe me it must and will happen.

Looking forward to the real estate crash when millions of homes come up for sale once we remove people who do not belong here

---

You seeing a lot of underwriting of loans for undocumented migrants??

Or you mean they rent places other people might rent?

---

Both, a few years ago I called out a loan officer for not reporting that their client was an illegal alien on a transaction I was working on.

---

If a loan officer pulled that BS on me involving the sale of one of my homes …..would have blacklisted his mortgage company.

---

Thankfully the deal fell through.

I reported it to ICE and and have vowed to never do a transaction with that lender and their company ever again

RealEstateBear said:

---

KaiBear said:

---

RealEstateBear said:

---

nein51 said:

---

RealEstateBear said:

---

Mass illegal and legal immigration is why people can't afford homes. Mass deportations will take care of the problem and believe me it must and will happen.

Looking forward to the real estate crash when millions of homes come up for sale once we remove people who do not belong here

---

You seeing a lot of underwriting of loans for undocumented migrants??

Or you mean they rent places other people might rent?

---

Both, a few years ago I called out a loan officer for not reporting that their client was an illegal alien on a transaction I was working on.

---

If a loan officer pulled that BS on me involving the sale of one of my homes …..would have blacklisted his mortgage company.

---

Thankfully the deal fell through.

I reported it to ICE and and have vowed to never do a transaction with that lender and their company ever again

---

Biggest issue in the US real estate market is desperate, dishonest loan officers. Guys who are just praying to get the deal through underwriting. If the deal blows up; only the builder loses money.

Got to the point I would work with just 3 lenders and 90% of my business went to only 2.

RealEstateBear said:

---

whiterock said:

---

cowboycwr said:

---

RealEstateBear said:

---

Mass illegal and legal immigration is why people can't afford homes. Mass deportations will take care of the problem and believe me it must and will happen.

Looking forward to the real estate crash when millions of homes come up for sale once we remove people who do not belong here

---

I have heard this said several times but it doesn't make sense to me. Illegals tend to buy homes in the areas people don't want to live in. They are usually much older homes or smaller new homes. They do not tend to buy the 3 or 4 bedroom, 2000sq ft houses. So it seems the homes they are buying should be the expensive ones and not much of an impact on the slightly larger ones.

---

That is true, but it still creates upward pressure on housing supply. It forces the poor into rental property, and those who can do so will trade up to a larger & more expensive home. And of course the sellers will do the same. And on and on and on.

Macroeconomics 101: Supply & demand. Every time a person crosses the Rio Grande, the consumption of tacos & toilet paper goes up. And they have to sleep somewhere. If 20m of them are finding places to live, there must be 20m new beds for them or demand will outstrip supply leading to increased prices.

One of the big risks of deporting 20m million people is that it pops the bubble too fast. With 00 buckshot.

Think of it this way. PIck a number. 11m illegals is roughly Ohio. 20m illegals is roughly New York. Deport 10m illegals? It's like taking every living being out of Ohio, leaving the state totally empty. Deport 20m illegals? It's like taking every living being out of NY, leaving the state empty. That will create a LOT of supply for housing. It would crater the real estate markets nationwide, residential AND commercial. Foreclosures would quickly collapse the banking system. And on and on 3rd, 4th order effects.

THAT is why it will not happen. (at least not in the 10-20m range). Even during the hot phases of the Industrial revolution, population growth was the largest single portion of economic growth. Tacos & toilet paper.... The allure of it, cheap and easy economic stimulus, is why both parties let so many illegals just walk across the border over the last 20 years. A little illegal immigration is a positive. Too much is destabilizing. We are in that latter territory now.

---

No, it's time to rip the band-aid off. Illegal and legal immigration. Boomers are going to have to hire……gasp Americans

---

I am one of the last Boomers. I am also the yard boy and pool boy.

RD2WINAGNBEAR86 said:

---

RealEstateBear said:

---

whiterock said:

---

cowboycwr said:

---

RealEstateBear said:

---

Mass illegal and legal immigration is why people can't afford homes. Mass deportations will take care of the problem and believe me it must and will happen.

Looking forward to the real estate crash when millions of homes come up for sale once we remove people who do not belong here

---

I have heard this said several times but it doesn't make sense to me. Illegals tend to buy homes in the areas people don't want to live in. They are usually much older homes or smaller new homes. They do not tend to buy the 3 or 4 bedroom, 2000sq ft houses. So it seems the homes they are buying should be the expensive ones and not much of an impact on the slightly larger ones.

---

That is true, but it still creates upward pressure on housing supply. It forces the poor into rental property, and those who can do so will trade up to a larger & more expensive home. And of course the sellers will do the same. And on and on and on.

Macroeconomics 101: Supply & demand. Every time a person crosses the Rio Grande, the consumption of tacos & toilet paper goes up. And they have to sleep somewhere. If 20m of them are finding places to live, there must be 20m new beds for them or demand will outstrip supply leading to increased prices.

One of the big risks of deporting 20m million people is that it pops the bubble too fast. With 00 buckshot.

Think of it this way. PIck a number. 11m illegals is roughly Ohio. 20m illegals is roughly New York. Deport 10m illegals? It's like taking every living being out of Ohio, leaving the state totally empty. Deport 20m illegals? It's like taking every living being out of NY, leaving the state empty. That will create a LOT of supply for housing. It would crater the real estate markets nationwide, residential AND commercial. Foreclosures would quickly collapse the banking system. And on and on 3rd, 4th order effects.

THAT is why it will not happen. (at least not in the 10-20m range). Even during the hot phases of the Industrial revolution, population growth was the largest single portion of economic growth. Tacos & toilet paper.... The allure of it, cheap and easy economic stimulus, is why both parties let so many illegals just walk across the border over the last 20 years. A little illegal immigration is a positive. Too much is destabilizing. We are in that latter territory now.

---

No, it's time to rip the band-aid off. Illegal and legal immigration. Boomers are going to have to hire……gasp Americans

---

I am one of the last Boomers. I am also the yard boy and pool boy.

---

Kids/teens go around with lawn mowers wanting jobs but can't because everybody has their illegal alien mowing their lawn for $30-50 bucks

RealEstateBear said:

---

RD2WINAGNBEAR86 said:

---

RealEstateBear said:

---

whiterock said:

---

cowboycwr said:

---

RealEstateBear said:

---

Mass illegal and legal immigration is why people can't afford homes. Mass deportations will take care of the problem and believe me it must and will happen.

Looking forward to the real estate crash when millions of homes come up for sale once we remove people who do not belong here

---

I have heard this said several times but it doesn't make sense to me. Illegals tend to buy homes in the areas people don't want to live in. They are usually much older homes or smaller new homes. They do not tend to buy the 3 or 4 bedroom, 2000sq ft houses. So it seems the homes they are buying should be the expensive ones and not much of an impact on the slightly larger ones.

---

That is true, but it still creates upward pressure on housing supply. It forces the poor into rental property, and those who can do so will trade up to a larger & more expensive home. And of course the sellers will do the same. And on and on and on.

Macroeconomics 101: Supply & demand. Every time a person crosses the Rio Grande, the consumption of tacos & toilet paper goes up. And they have to sleep somewhere. If 20m of them are finding places to live, there must be 20m new beds for them or demand will outstrip supply leading to increased prices.

One of the big risks of deporting 20m million people is that it pops the bubble too fast. With 00 buckshot.

Think of it this way. PIck a number. 11m illegals is roughly Ohio. 20m illegals is roughly New York. Deport 10m illegals? It's like taking every living being out of Ohio, leaving the state totally empty. Deport 20m illegals? It's like taking every living being out of NY, leaving the state empty. That will create a LOT of supply for housing. It would crater the real estate markets nationwide, residential AND commercial. Foreclosures would quickly collapse the banking system. And on and on 3rd, 4th order effects.

THAT is why it will not happen. (at least not in the 10-20m range). Even during the hot phases of the Industrial revolution, population growth was the largest single portion of economic growth. Tacos & toilet paper.... The allure of it, cheap and easy economic stimulus, is why both parties let so many illegals just walk across the border over the last 20 years. A little illegal immigration is a positive. Too much is destabilizing. We are in that latter territory now.

---

No, it's time to rip the band-aid off. Illegal and legal immigration. Boomers are going to have to hire……gasp Americans

---

I am one of the last Boomers. I am also the yard boy and pool boy.

---

Kids/teens go around with lawn mowers wanting jobs but can't because everybody has their illegal alien mowing their lawn for $30-50 bucks

---

Glad to hear some kids/ teens are making the effort. The work ethic of the more recent generations is not what it used to be. The entitlement is mind-blowing!

RD2WINAGNBEAR86 said:

---

RealEstateBear said:

---

RD2WINAGNBEAR86 said:

---

RealEstateBear said:

---

whiterock said:

---

cowboycwr said:

---

RealEstateBear said:

---

Mass illegal and legal immigration is why people can't afford homes. Mass deportations will take care of the problem and believe me it must and will happen.

Looking forward to the real estate crash when millions of homes come up for sale once we remove people who do not belong here

---

I have heard this said several times but it doesn't make sense to me. Illegals tend to buy homes in the areas people don't want to live in. They are usually much older homes or smaller new homes. They do not tend to buy the 3 or 4 bedroom, 2000sq ft houses. So it seems the homes they are buying should be the expensive ones and not much of an impact on the slightly larger ones.

---

That is true, but it still creates upward pressure on housing supply. It forces the poor into rental property, and those who can do so will trade up to a larger & more expensive home. And of course the sellers will do the same. And on and on and on.

Macroeconomics 101: Supply & demand. Every time a person crosses the Rio Grande, the consumption of tacos & toilet paper goes up. And they have to sleep somewhere. If 20m of them are finding places to live, there must be 20m new beds for them or demand will outstrip supply leading to increased prices.

One of the big risks of deporting 20m million people is that it pops the bubble too fast. With 00 buckshot.

Think of it this way. PIck a number. 11m illegals is roughly Ohio. 20m illegals is roughly New York. Deport 10m illegals? It's like taking every living being out of Ohio, leaving the state totally empty. Deport 20m illegals? It's like taking every living being out of NY, leaving the state empty. That will create a LOT of supply for housing. It would crater the real estate markets nationwide, residential AND commercial. Foreclosures would quickly collapse the banking system. And on and on 3rd, 4th order effects.

THAT is why it will not happen. (at least not in the 10-20m range). Even during the hot phases of the Industrial revolution, population growth was the largest single portion of economic growth. Tacos & toilet paper.... The allure of it, cheap and easy economic stimulus, is why both parties let so many illegals just walk across the border over the last 20 years. A little illegal immigration is a positive. Too much is destabilizing. We are in that latter territory now.

---

No, it's time to rip the band-aid off. Illegal and legal immigration. Boomers are going to have to hire……gasp Americans

---

I am one of the last Boomers. I am also the yard boy and pool boy.

---

Kids/teens go around with lawn mowers wanting jobs but can't because everybody has their illegal alien mowing their lawn for $30-50 bucks

---

Glad to hear some kids/ teens are making the effort. The work ethic of the more recent generations is not what it used to be. The entitlement is mind-blowing!

---

Opportunities are not there like they used to be. Why pursue STEM if tech is going to import their workers anyway??

RealEstateBear said:

---

RD2WINAGNBEAR86 said:

---

RealEstateBear said:

---

whiterock said:

---

cowboycwr said:

---

RealEstateBear said:

---

Mass illegal and legal immigration is why people can't afford homes. Mass deportations will take care of the problem and believe me it must and will happen.

Looking forward to the real estate crash when millions of homes come up for sale once we remove people who do not belong here

---

I have heard this said several times but it doesn't make sense to me. Illegals tend to buy homes in the areas people don't want to live in. They are usually much older homes or smaller new homes. They do not tend to buy the 3 or 4 bedroom, 2000sq ft houses. So it seems the homes they are buying should be the expensive ones and not much of an impact on the slightly larger ones.

---

That is true, but it still creates upward pressure on housing supply. It forces the poor into rental property, and those who can do so will trade up to a larger & more expensive home. And of course the sellers will do the same. And on and on and on.

Macroeconomics 101: Supply & demand. Every time a person crosses the Rio Grande, the consumption of tacos & toilet paper goes up. And they have to sleep somewhere. If 20m of them are finding places to live, there must be 20m new beds for them or demand will outstrip supply leading to increased prices.

One of the big risks of deporting 20m million people is that it pops the bubble too fast. With 00 buckshot.

Think of it this way. PIck a number. 11m illegals is roughly Ohio. 20m illegals is roughly New York. Deport 10m illegals? It's like taking every living being out of Ohio, leaving the state totally empty. Deport 20m illegals? It's like taking every living being out of NY, leaving the state empty. That will create a LOT of supply for housing. It would crater the real estate markets nationwide, residential AND commercial. Foreclosures would quickly collapse the banking system. And on and on 3rd, 4th order effects.

THAT is why it will not happen. (at least not in the 10-20m range). Even during the hot phases of the Industrial revolution, population growth was the largest single portion of economic growth. Tacos & toilet paper.... The allure of it, cheap and easy economic stimulus, is why both parties let so many illegals just walk across the border over the last 20 years. A little illegal immigration is a positive. Too much is destabilizing. We are in that latter territory now.

---

No, it's time to rip the band-aid off. Illegal and legal immigration. Boomers are going to have to hire……gasp Americans

---

I am one of the last Boomers. I am also the yard boy and pool boy.

---

Kids/teens go around with lawn mowers wanting jobs but can't because everybody has their illegal alien mowing their lawn for $30-50 bucks

---

Nope

Got my summer crew of white boys doing most of our unskilled landscaping work.

Known them since they were in jr high school.

Pay them 30 dollars an hour.

whiterock said:

---

cowboycwr said:

---

RealEstateBear said:

---

Mass illegal and legal immigration is why people can't afford homes. Mass deportations will take care of the problem and believe me it must and will happen.

Looking forward to the real estate crash when millions of homes come up for sale once we remove people who do not belong here

---

I have heard this said several times but it doesn't make sense to me. Illegals tend to buy homes in the areas people don't want to live in. They are usually much older homes or smaller new homes. They do not tend to buy the 3 or 4 bedroom, 2000sq ft houses. So it seems the homes they are buying should be the expensive ones and not much of an impact on the slightly larger ones.

---

That is true, but it still creates upward pressure on housing supply. It forces the poor into rental property, and those who can do so will trade up to a larger & more expensive home. And of course the sellers will do the same. And on and on and on.

Macroeconomics 101: Supply & demand. Every time a person crosses the Rio Grande, the consumption of tacos & toilet paper goes up. And they have to sleep somewhere. If 20m of them are finding places to live, there must be 20m new beds for them or demand will outstrip supply leading to increased prices.

One of the big risks of deporting 20m million people is that it pops the bubble too fast. With 00 buckshot.

Think of it this way. PIck a number. 11m illegals is roughly Ohio. 20m illegals is roughly New York. Deport 10m illegals? It's like taking every living being out of Ohio, leaving the state totally empty. Deport 20m illegals? It's like taking every living being out of NY, leaving the state empty. That will create a LOT of supply for housing. It would crater the real estate markets nationwide, residential AND commercial. Foreclosures would quickly collapse the banking system. And on and on 3rd, 4th order effects.

THAT is why it will not happen. (at least not in the 10-20m range). Even during the hot phases of the Industrial revolution, population growth was the largest single portion of economic growth. Tacos & toilet paper.... The allure of it, cheap and easy economic stimulus, is why both parties let so many illegals just walk across the border over the last 20 years. A little illegal immigration is a positive. Too much is destabilizing. We are in that latter territory now.

---

Sorry that still does not make sense.

If the illegals are coming in and renting houses (since they shouldn't be able to buy) they are doing so in smaller, cheaper homes. Maybe occasionally a slightly larger home with multiple families.

But they are not coming in and renting 4+ bedroom houses that are 3000 square feet. So there is no reason for the prices there to go up. Because even in your example a person living in an old, run down apartment or house that moves out because of illegals is also not going to buy or rent that house. They are going to other run down apartments or houses.

So in effect the entire housing market should not be impacted by the influx of renters of cheap apartments and homes.

whiterock said:

---

nein51 said:

---

Some of you are really convinced that undocumented migrants, making $8/hr are buying homes.

Which sort of flies in the face of "houses are too expensive so gen whatever can't afford them".

In 2023 there were around 5,000 underwritten ITIN loans (that's is loans to people with no SSN).

The upward pressure argument makes sense if you mean rent for apartments and crap hole homes in terrible parts of down should go down…because that's where people that make $8/hr live.

---

don't let yourself be convinced that all illegals are making $8/hr. Once they gain some skill in the trades, the rate gets more competitive than that. Think $12-15/hr.

the upward pressure from illegal immigration is a known dynamic in real estate markets. Sure, 20m illegals do not create immediate demand for 20m homes. But it does have effect. we do not have 20m new housing starts a year. And yes, the impact is felt first in rental and low-income housing, by first-time homebuyers, the working class, etc....downward pressure on wages, upward pressure on housing prices. The wealthy typically profit from the dynamic. which fits Rob Henderson's "luxury beliefs" model = they tend to not mind illegal immigration at all because they benefit from it (lower labor costs, more equity in real estate) without having to bear the costs of it.

I

---

Tell you what let's say the average illegal makes $20/hr (they don't) this is about a 50 page thread about how millennials can't afford to buy homes because they don't make enough relative to the cost of housing.

You're going to have to work hard to convince me someone making $40,000 a year is buying up all the homes. I could be convinced but it's going to take a whole lot of logical argument.

nein51 said:

---

whiterock said:

---

nein51 said:

---

Some of you are really convinced that undocumented migrants, making $8/hr are buying homes.

Which sort of flies in the face of "houses are too expensive so gen whatever can't afford them".

In 2023 there were around 5,000 underwritten ITIN loans (that's is loans to people with no SSN).

The upward pressure argument makes sense if you mean rent for apartments and crap hole homes in terrible parts of down should go down…because that's where people that make $8/hr live.

---

don't let yourself be convinced that all illegals are making $8/hr. Once they gain some skill in the trades, the rate gets more competitive than that. Think $12-15/hr.

the upward pressure from illegal immigration is a known dynamic in real estate markets. Sure, 20m illegals do not create immediate demand for 20m homes. But it does have effect. we do not have 20m new housing starts a year. And yes, the impact is felt first in rental and low-income housing, by first-time homebuyers, the working class, etc....downward pressure on wages, upward pressure on housing prices. The wealthy typically profit from the dynamic. which fits Rob Henderson's "luxury beliefs" model = they tend to not mind illegal immigration at all because they benefit from it (lower labor costs, more equity in real estate) without having to bear the costs of it.

I

---

Tell you what let's say the average illegal makes $20/hr (they don't) this is about a 50 page thread about how millennials can't afford to buy homes because they don't make enough relative to the cost of housing.

You're going to have to work hard to convince me someone making $40,000 a year is buying up all the homes. I could be convinced but it's going to take a whole lot of logical argument.

---

The only way I could see this is when you get multiple people or families in the same house and have maybe 4-6 people all making $40,000 per year to pay for the house. I have seen this many times before where one house has 3 families living in it. Or more.

cowboycwr said:

---

nein51 said:

---

whiterock said:

---

nein51 said:

---

Some of you are really convinced that undocumented migrants, making $8/hr are buying homes.

Which sort of flies in the face of "houses are too expensive so gen whatever can't afford them".

In 2023 there were around 5,000 underwritten ITIN loans (that's is loans to people with no SSN).

The upward pressure argument makes sense if you mean rent for apartments and crap hole homes in terrible parts of down should go down…because that's where people that make $8/hr live.

---

don't let yourself be convinced that all illegals are making $8/hr. Once they gain some skill in the trades, the rate gets more competitive than that. Think $12-15/hr.

the upward pressure from illegal immigration is a known dynamic in real estate markets. Sure, 20m illegals do not create immediate demand for 20m homes. But it does have effect. we do not have 20m new housing starts a year. And yes, the impact is felt first in rental and low-income housing, by first-time homebuyers, the working class, etc....downward pressure on wages, upward pressure on housing prices. The wealthy typically profit from the dynamic. which fits Rob Henderson's "luxury beliefs" model = they tend to not mind illegal immigration at all because they benefit from it (lower labor costs, more equity in real estate) without having to bear the costs of it.

I

---

Tell you what let's say the average illegal makes $20/hr (they don't) this is about a 50 page thread about how millennials can't afford to buy homes because they don't make enough relative to the cost of housing.

You're going to have to work hard to convince me someone making $40,000 a year is buying up all the homes. I could be convinced but it's going to take a whole lot of logical argument.

---

The only way I could see this is when you get multiple people or families in the same house and have maybe 4-6 people all making $40,000 per year to pay for the house. I have seen this many times before where one house has 3 families living in it. Or more.

---

Definitely possible. But I doubt that's as common as you think. Just like illegals earning $20/hr is possible but not likely.

What illegals largely do is take up terrible slum apartments and housing. Thats not the kind of housing millennials are buying or trying to buy.

I don't doubt for a minute that illegals take up SOME of the same housing but I don't think I can be sold they are why the housing market is so high.

nein51 said:

---

cowboycwr said:

---

nein51 said:

---

whiterock said:

---

nein51 said:

---

Some of you are really convinced that undocumented migrants, making $8/hr are buying homes.

Which sort of flies in the face of "houses are too expensive so gen whatever can't afford them".

In 2023 there were around 5,000 underwritten ITIN loans (that's is loans to people with no SSN).

The upward pressure argument makes sense if you mean rent for apartments and crap hole homes in terrible parts of down should go down…because that's where people that make $8/hr live.

---

don't let yourself be convinced that all illegals are making $8/hr. Once they gain some skill in the trades, the rate gets more competitive than that. Think $12-15/hr.

the upward pressure from illegal immigration is a known dynamic in real estate markets. Sure, 20m illegals do not create immediate demand for 20m homes. But it does have effect. we do not have 20m new housing starts a year. And yes, the impact is felt first in rental and low-income housing, by first-time homebuyers, the working class, etc....downward pressure on wages, upward pressure on housing prices. The wealthy typically profit from the dynamic. which fits Rob Henderson's "luxury beliefs" model = they tend to not mind illegal immigration at all because they benefit from it (lower labor costs, more equity in real estate) without having to bear the costs of it.

I

---

Tell you what let's say the average illegal makes $20/hr (they don't) this is about a 50 page thread about how millennials can't afford to buy homes because they don't make enough relative to the cost of housing.

You're going to have to work hard to convince me someone making $40,000 a year is buying up all the homes. I could be convinced but it's going to take a whole lot of logical argument.

---

The only way I could see this is when you get multiple people or families in the same house and have maybe 4-6 people all making $40,000 per year to pay for the house. I have seen this many times before where one house has 3 families living in it. Or more.

---

Definitely possible. But I doubt that's as common as you think. Just like illegals earning $20/hr is possible but not likely.

What illegals largely do is take up terrible slum apartments and housing. Thats not the kind of housing millennials are buying or trying to buy.

I don't doubt for a minute that illegals take up SOME of the same housing but I don't think I can be sold they are why the housing market is so high.

---

There are thousands of illegals earning 20 an hour.. that just 160-200 a day which is entry level in construction

nein51 said:

---

cowboycwr said:

---

nein51 said:

---

whiterock said:

---

nein51 said:

---

Some of you are really convinced that undocumented migrants, making $8/hr are buying homes.

Which sort of flies in the face of "houses are too expensive so gen whatever can't afford them".

In 2023 there were around 5,000 underwritten ITIN loans (that's is loans to people with no SSN).

The upward pressure argument makes sense if you mean rent for apartments and crap hole homes in terrible parts of down should go down…because that's where people that make $8/hr live.

---

don't let yourself be convinced that all illegals are making $8/hr. Once they gain some skill in the trades, the rate gets more competitive than that. Think $12-15/hr.

the upward pressure from illegal immigration is a known dynamic in real estate markets. Sure, 20m illegals do not create immediate demand for 20m homes. But it does have effect. we do not have 20m new housing starts a year. And yes, the impact is felt first in rental and low-income housing, by first-time homebuyers, the working class, etc....downward pressure on wages, upward pressure on housing prices. The wealthy typically profit from the dynamic. which fits Rob Henderson's "luxury beliefs" model = they tend to not mind illegal immigration at all because they benefit from it (lower labor costs, more equity in real estate) without having to bear the costs of it.

I

---

Tell you what let's say the average illegal makes $20/hr (they don't) this is about a 50 page thread about how millennials can't afford to buy homes because they don't make enough relative to the cost of housing.

You're going to have to work hard to convince me someone making $40,000 a year is buying up all the homes. I could be convinced but it's going to take a whole lot of logical argument.

---

The only way I could see this is when you get multiple people or families in the same house and have maybe 4-6 people all making $40,000 per year to pay for the house. I have seen this many times before where one house has 3 families living in it. Or more.

---

Definitely possible. But I doubt that's as common as you think. Just like illegals earning $20/hr is possible but not likely.

What illegals largely do is take up terrible slum apartments and housing. Thats not the kind of housing millennials are buying or trying to buy.

I don't doubt for a minute that illegals take up SOME of the same housing but I don't think I can be sold they are why the housing market is so high.

---

I agree with you. Just pointing out something I have seen. But this has usually been in older homes. Like in Waco the homes in the older areas of Waco (think numbered streets) or on occasion older homes in woodway or Hewitt. I haven't really seen it in the new homes.

But like I said earlier, illegals buying or renting the lower end housing options and increasing demand at that end of the spectrum should not have much of an impact on housing demands in the middle or upper ends of the market and impacting prices there.

4th and Inches said:

---

nein51 said:

---

cowboycwr said:

---

nein51 said:

---

whiterock said:

---

nein51 said:

---

Some of you are really convinced that undocumented migrants, making $8/hr are buying homes.

Which sort of flies in the face of "houses are too expensive so gen whatever can't afford them".

In 2023 there were around 5,000 underwritten ITIN loans (that's is loans to people with no SSN).

The upward pressure argument makes sense if you mean rent for apartments and crap hole homes in terrible parts of down should go down…because that's where people that make $8/hr live.

---

don't let yourself be convinced that all illegals are making $8/hr. Once they gain some skill in the trades, the rate gets more competitive than that. Think $12-15/hr.

the upward pressure from illegal immigration is a known dynamic in real estate markets. Sure, 20m illegals do not create immediate demand for 20m homes. But it does have effect. we do not have 20m new housing starts a year. And yes, the impact is felt first in rental and low-income housing, by first-time homebuyers, the working class, etc....downward pressure on wages, upward pressure on housing prices. The wealthy typically profit from the dynamic. which fits Rob Henderson's "luxury beliefs" model = they tend to not mind illegal immigration at all because they benefit from it (lower labor costs, more equity in real estate) without having to bear the costs of it.

I

---

Tell you what let's say the average illegal makes $20/hr (they don't) this is about a 50 page thread about how millennials can't afford to buy homes because they don't make enough relative to the cost of housing.

You're going to have to work hard to convince me someone making $40,000 a year is buying up all the homes. I could be convinced but it's going to take a whole lot of logical argument.

---

The only way I could see this is when you get multiple people or families in the same house and have maybe 4-6 people all making $40,000 per year to pay for the house. I have seen this many times before where one house has 3 families living in it. Or more.

---

Definitely possible. But I doubt that's as common as you think. Just like illegals earning $20/hr is possible but not likely.

What illegals largely do is take up terrible slum apartments and housing. Thats not the kind of housing millennials are buying or trying to buy.

I don't doubt for a minute that illegals take up SOME of the same housing but I don't think I can be sold they are why the housing market is so high.

---

There are thousands of illegals earning 20 an hour.. that just 160-200 a day which is entry level in construction

---

For every construction worker there are literally hundreds of dishwashers and pickers.

cowboycwr said:

---

nein51 said:

---

whiterock said:

---

nein51 said:

---

Some of you are really convinced that undocumented migrants, making $8/hr are buying homes.

Which sort of flies in the face of "houses are too expensive so gen whatever can't afford them".

In 2023 there were around 5,000 underwritten ITIN loans (that's is loans to people with no SSN).

The upward pressure argument makes sense if you mean rent for apartments and crap hole homes in terrible parts of down should go down…because that's where people that make $8/hr live.

---

don't let yourself be convinced that all illegals are making $8/hr. Once they gain some skill in the trades, the rate gets more competitive than that. Think $12-15/hr.

the upward pressure from illegal immigration is a known dynamic in real estate markets. Sure, 20m illegals do not create immediate demand for 20m homes. But it does have effect. we do not have 20m new housing starts a year. And yes, the impact is felt first in rental and low-income housing, by first-time homebuyers, the working class, etc....downward pressure on wages, upward pressure on housing prices. The wealthy typically profit from the dynamic. which fits Rob Henderson's "luxury beliefs" model = they tend to not mind illegal immigration at all because they benefit from it (lower labor costs, more equity in real estate) without having to bear the costs of it.

I

---

Tell you what let's say the average illegal makes $20/hr (they don't) this is about a 50 page thread about how millennials can't afford to buy homes because they don't make enough relative to the cost of housing.

You're going to have to work hard to convince me someone making $40,000 a year is buying up all the homes. I could be convinced but it's going to take a whole lot of logical argument.

---

The only way I could see this is when you get multiple people or families in the same house and have maybe 4-6 people all making $40,000 per year to pay for the house. I have seen this many times before where one house has 3 families living in it. Or more.

---

Do we move to generational homes, like you see in other parts of the world? This is a concept we are seeing in land development, especially in urban areas where land is at a premium.

This concept actually solves several problems we are seeing in the US today,
1 - cost is shared
2 - daycare - older generations play that role
3 - social support as we age
4 - medical support

It is not a common concept in the US, but it does have upsides. Or will it be considered leftist, socialism?

Evolving Housing Trends: The Rise of Multi-Generational Living

Planning for a multi-generational future : policies, regulations, and designs for multi-generational housing in the United States

Making Multigenerational Communities Happen - Urban Land Magazine

FLBear5630 said:

---

cowboycwr said:

---

nein51 said:

---

whiterock said:

---

nein51 said:

---

Some of you are really convinced that undocumented migrants, making $8/hr are buying homes.

Which sort of flies in the face of "houses are too expensive so gen whatever can't afford them".

In 2023 there were around 5,000 underwritten ITIN loans (that's is loans to people with no SSN).

The upward pressure argument makes sense if you mean rent for apartments and crap hole homes in terrible parts of down should go down…because that's where people that make $8/hr live.

---

don't let yourself be convinced that all illegals are making $8/hr. Once they gain some skill in the trades, the rate gets more competitive than that. Think $12-15/hr.

the upward pressure from illegal immigration is a known dynamic in real estate markets. Sure, 20m illegals do not create immediate demand for 20m homes. But it does have effect. we do not have 20m new housing starts a year. And yes, the impact is felt first in rental and low-income housing, by first-time homebuyers, the working class, etc....downward pressure on wages, upward pressure on housing prices. The wealthy typically profit from the dynamic. which fits Rob Henderson's "luxury beliefs" model = they tend to not mind illegal immigration at all because they benefit from it (lower labor costs, more equity in real estate) without having to bear the costs of it.

I

---

Tell you what let's say the average illegal makes $20/hr (they don't) this is about a 50 page thread about how millennials can't afford to buy homes because they don't make enough relative to the cost of housing.

You're going to have to work hard to convince me someone making $40,000 a year is buying up all the homes. I could be convinced but it's going to take a whole lot of logical argument.

---

The only way I could see this is when you get multiple people or families in the same house and have maybe 4-6 people all making $40,000 per year to pay for the house. I have seen this many times before where one house has 3 families living in it. Or more.

---

Do we move to generational homes, like you see in other parts of the world? This is a concept we are seeing in land development, especially in urban areas where land is at a premium.

This concept actually solves several problems we are seeing in the US today,
1 - cost is shared
2 - daycare - older generations play that role
3 - social support as we age
4 - medical support

It is not a common concept in the US, but it does have upsides. Or will it be considered leftist, socialism?

Evolving Housing Trends: The Rise of Multi-Generational Living

Planning for a multi-generational future : policies, regulations, and designs for multi-generational housing in the United States

Making Multigenerational Communities Happen - Urban Land Magazine

---

I mean..:you have to have a traditional family structure for that to work.

FLBear5630 said:

---

cowboycwr said:

---

nein51 said:

---

whiterock said:

---

nein51 said:

---

Some of you are really convinced that undocumented migrants, making $8/hr are buying homes.

Which sort of flies in the face of "houses are too expensive so gen whatever can't afford them".

In 2023 there were around 5,000 underwritten ITIN loans (that's is loans to people with no SSN).

The upward pressure argument makes sense if you mean rent for apartments and crap hole homes in terrible parts of down should go down…because that's where people that make $8/hr live.

---

don't let yourself be convinced that all illegals are making $8/hr. Once they gain some skill in the trades, the rate gets more competitive than that. Think $12-15/hr.

the upward pressure from illegal immigration is a known dynamic in real estate markets. Sure, 20m illegals do not create immediate demand for 20m homes. But it does have effect. we do not have 20m new housing starts a year. And yes, the impact is felt first in rental and low-income housing, by first-time homebuyers, the working class, etc....downward pressure on wages, upward pressure on housing prices. The wealthy typically profit from the dynamic. which fits Rob Henderson's "luxury beliefs" model = they tend to not mind illegal immigration at all because they benefit from it (lower labor costs, more equity in real estate) without having to bear the costs of it.

I

---

Tell you what let's say the average illegal makes $20/hr (they don't) this is about a 50 page thread about how millennials can't afford to buy homes because they don't make enough relative to the cost of housing.

You're going to have to work hard to convince me someone making $40,000 a year is buying up all the homes. I could be convinced but it's going to take a whole lot of logical argument.

---

The only way I could see this is when you get multiple people or families in the same house and have maybe 4-6 people all making $40,000 per year to pay for the house. I have seen this many times before where one house has 3 families living in it. Or more.

---

Do we move to generational homes, like you see in other parts of the world? This is a concept we are seeing in land development, especially in urban areas where land is at a premium.

This concept actually solves several problems we are seeing in the US today,
1 - cost is shared
2 - daycare - older generations play that role
3 - social support as we age
4 - medical support

It is not a common concept in the US, but it does have upsides. Or will it be considered leftist, socialism?

Evolving Housing Trends: The Rise of Multi-Generational Living

Planning for a multi-generational future : policies, regulations, and designs for multi-generational housing in the United States

Making Multigenerational Communities Happen - Urban Land Magazine

---

People are free to make that choice if they want.

As to forcing people to adopt this style….. heck no.

cowboycwr said:

---

FLBear5630 said:

---

cowboycwr said:

---

nein51 said:

---

whiterock said:

---

nein51 said:

---

Some of you are really convinced that undocumented migrants, making $8/hr are buying homes.

Which sort of flies in the face of "houses are too expensive so gen whatever can't afford them".

In 2023 there were around 5,000 underwritten ITIN loans (that's is loans to people with no SSN).

The upward pressure argument makes sense if you mean rent for apartments and crap hole homes in terrible parts of down should go down…because that's where people that make $8/hr live.

---

don't let yourself be convinced that all illegals are making $8/hr. Once they gain some skill in the trades, the rate gets more competitive than that. Think $12-15/hr.

the upward pressure from illegal immigration is a known dynamic in real estate markets. Sure, 20m illegals do not create immediate demand for 20m homes. But it does have effect. we do not have 20m new housing starts a year. And yes, the impact is felt first in rental and low-income housing, by first-time homebuyers, the working class, etc....downward pressure on wages, upward pressure on housing prices. The wealthy typically profit from the dynamic. which fits Rob Henderson's "luxury beliefs" model = they tend to not mind illegal immigration at all because they benefit from it (lower labor costs, more equity in real estate) without having to bear the costs of it.

I

---

Tell you what let's say the average illegal makes $20/hr (they don't) this is about a 50 page thread about how millennials can't afford to buy homes because they don't make enough relative to the cost of housing.

You're going to have to work hard to convince me someone making $40,000 a year is buying up all the homes. I could be convinced but it's going to take a whole lot of logical argument.

---

The only way I could see this is when you get multiple people or families in the same house and have maybe 4-6 people all making $40,000 per year to pay for the house. I have seen this many times before where one house has 3 families living in it. Or more.

---

Do we move to generational homes, like you see in other parts of the world? This is a concept we are seeing in land development, especially in urban areas where land is at a premium.

This concept actually solves several problems we are seeing in the US today,
1 - cost is shared
2 - daycare - older generations play that role
3 - social support as we age
4 - medical support

It is not a common concept in the US, but it does have upsides. Or will it be considered leftist, socialism?

Evolving Housing Trends: The Rise of Multi-Generational Living

Planning for a multi-generational future : policies, regulations, and designs for multi-generational housing in the United States

Making Multigenerational Communities Happen - Urban Land Magazine

---

People are free to make that choice if they want.

As to forcing people to adopt this style….. heck no.

---

Don't think I said force. Market will force it, like it did in other areas where land became too expensive for the average person. The question is whether the lending side will do it? Generational homes, require generational mortgages.

Reminder, there is no "housing shortage"

Boomers own 40% of the housing in the US while making up 20% of the population.

They are now dying at a historically fast pace and that death pace is just now beginning pic.twitter.com/ZvPT08oQlj

— Darth Powell (@VladTheInflator) July 31, 2025

boognish_bear said:

---

Reminder, there is no "housing shortage"

Boomers own 40% of the housing in the US while making up 20% of the population.

They are now dying at a historically fast pace and that death pace is just now beginning pic.twitter.com/ZvPT08oQlj

— Darth Powell (@VladTheInflator) July 31, 2025

---

Boomers are still the most significant group of people buying houses….its the main reason why the median age of buyers keeps trending up as the boomers age.

The "me generation" just does not stop gobbling up everything they can on their way to the nursing home.

Median age of US homebuyers is 56. Median age for first time homebuyer is now 38 pic.twitter.com/PtrvYOd3r2

— Saagar Enjeti (@esaagar) December 2, 2024

🚨 “It is stunning that the median age of a first-time home buyer in America today is 38” - @SenJohnKennedy

Lower the rates!
pic.twitter.com/bl92Edspki

— Gunther Eagleman™ (@GuntherEagleman) July 29, 2025

Redbrickbear said:

---

boognish_bear said:

---

Reminder, there is no "housing shortage"

Boomers own 40% of the housing in the US while making up 20% of the population.

They are now dying at a historically fast pace and that death pace is just now beginning pic.twitter.com/ZvPT08oQlj

— Darth Powell (@VladTheInflator) July 31, 2025

---

Boomers are still the most significant group of people buying houses….its the main reason why the median age of buyers keeps trending up as the boomers age.

The "me generation" just does not stop gobbling up everything they can on their way to the nursing home.

Median age of US homebuyers is 56. Median age for first time homebuyer is now 38 pic.twitter.com/PtrvYOd3r2

— Saagar Enjeti (@esaagar) December 2, 2024

---

I guess they should just give their property to you? Then they would be nice?

My Grandparents didn't buy their first and only house until 65. My other Grandmother rented till she died, never owned.

So why do you expect people to just give you things? I said for years those damn participatory trophies were a bad idea, your generations seem to think life is fair. It is our fault for not making you fight for things growing up.

There used to be pride in doing it yourself, even if someone else has more mine was mine because I worked for it. Most boomers and silents couldn't tell you what anyone else was doing, we were too concerned about making a living and paying for our family. Now you just tell your therapist about how bad Daddy was because he didn't go to every event and didn't support you .. we have failed your generation, it is our fault your this way

The boomer hate is ridiculous.

Like if a boomer didn't buy a $2,000,000 home in Lakeland, FL some millennial would have.

The reason boomers are buying stuff is that they are from a generation that saved like crazy which means they have had 50 years of compound interest on their side.

Boomers are not buying up $200,000 properties because they already owned those homes in the 70s.

nein51 said:

---

The boomer hate is ridiculous.

Like if a boomer didn't buy a $2,000,000 home in Lakeland, FL some millennial would have.

The reason boomers are buying stuff is that they are from a generation that saved like crazy which means they have had 50 years of compound interest on their side.

Boomers are not buying up $200,000 properties because they already owned those homes in the 70s.

---

Exactly. I am not sure the younger generations would live where we did for our first homes. But, you bought or rented knowing it was temporary.

Also, I noticed the younger generations want to jobs in the best places right out of school. At least in the City Management and Engineering business, most of us had to go to a lot of places we didn't want to stay to build a resume and salary history. Doing a great project in a crummy area was a 2 year investment that helped to get where we wanted to be.

I hear people say they would rather deliver pizzas in where they want to be rather than move for a job. I do not get that, delivering pizza is not going to help you get experience to move into a position that pays enough to support the places they want to go. You are better off interning for free. Or, invent something or open a business. This literally is the greatest time to open a business, the internet and online offers no overhead sales opportunities.

Bottomline, most Boomers worked 40 to 50 years to get to where they are and the homes and investments they have. Millenials, Gen X and whoever will get there too in time.