Once the deportations start it will become apparent that the illegal population is much larger than the 11 million they put out there. IMO it's 2 or 3x bigger. When we get a ruling on the 14th Amendment that will strip anchor babies of their ill-gotten citizenship, that's got to be good for another 20 mil or so.
In short, we're looking at talking about 15% out of the real estate market, and that's not bullish. It will start with sharp price declines in apt buildings in big cities, but will eventually affect the whole RE market.
Don't worry, you'll be buying a better house, cheaper, and soon.
I’ve thought of this as well long ago but it would be worth it to lose money on housing to be rid of the social burden. Besides, it is section 8 housing that will suffer and that is not my market. All boats do rise and fall with the tide but some hit bottom before others.
I do also firmly believe that the illegals are more like 30 mm and the 14th amendment claim jumpers are well into the tens of millions. Kalifukya would get hit hard.
I doubt your scenario will happen but I sure wish it would. The nation would be a whole lot less crowded and then we might build a well ordered legal but expat labor base which we will need if we are go resume growth and manufacturing I believe.
Sadly, I think a lot of us are getting way too excited about a Trump win and way over selling the benefits of that IF it were to happen.