Posted on 02/22/2017 11:06:53 AM PST by artichokegrower
Other than white boys from lower Oildale, our nightly crime reports are mostly Latino’s, followed by blacks. I really do look forward to a day without illegals.
If we rid ourselves of the illegals, we might see prices fall to levels which would permit interest rates to rise to more reasonable levels.
The income my wife and I receive on our retirement savings is less than half of what it would have been historically and even that comes at the expense of investing in riskier assets.
Same here. And, at most houses, people have stopped parking their extra 4-5 cars on the lawn!!!
Me too Umgud. Me too. I’d like a lot of years without illegals and their anchor baby, gang banger, thugs.
Lowering your property taxes.
Since 79 myself regarding a RE liscence.
They move in three to five a room. It’s a blight in our CA neighborhoods.
Great for used car sales.
Boo hoo.
I specialize in creative real estate and exchanging for both tax deferred benefits and problem solving. Since 1977.
“Lowering your property taxes.”
LoL, Thanks, I needed a good laugh.
Any economic action has positive and negative effects. The wealth effect of a drop in home prices is the future buyer profits while the sellers lose. Among the latter group the majority are older and have invested in the home for years, if not decades.
Wages will increase but the theory says there will be less employment because employers won’t be able to afford more workers who are not illegals. So if those losing the jobs are Illegals, then all is well and good. But another negative effect will be an uptick in inflation since the wage rates will rise.
Nothing is completely positive in economics. I agree that there are reasons to lower taxes but expect nothing of the sort.
Most of the growth in government has been in state and local governments. Rush tells us there are 1000+ less Democrats in government due to elections.
Maybe their replacements will decide there is enough state and local growth and start to cut it back.
Such social engineering happened and clearly contributed to the problem. But they were only a part of the Sub prime mortgage crisis which the Democrats foisted on the nation.
File that one away under "MSM Headlines You'll Never See."
They live 10 or 12 per house.
My home value has returned to pre-drop levels which I welcome even though it means fewer people will be able to afford it.
As I have said elsewhere no economic activity comes without a negative. It is part of the “Creative Destruction” of capitalism which Schumpeter identified.
Inflation is not a price increase in a market but the systematic increase throughout the economy. This is why housing and energy are excluded from the price indexes, because of their volatility.
Your figure for the impact is ludicrously low. And the idea of taxes being lowered not that convincing. My home lost about 75 gs with the last drop which was about 25%. My tax bill dropped once.
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