Seems that the 10s of millions of illegals will also add to the increasing home prices. Imagine that.
Government buys houses and gives them to ‘migrants rent free via section 8 housing initiatives. This reduces the supply for “normal” buyers ( non leaches )
Not just illegals jacking up the price but TX is and has had a huge invasion of Kalifornians along with their woke ideas. Add the companies moving into Austin bringing more and more and more people in causing a housing shortage. The urban sprawl and new construction increased greatly during the lockdowns. Now Musk is going to bring in more leftists, grrr.
The article’s numbers are too low, imo. Crappy little 1950-60s 1600 sq ft homes are selling for $1.5 million no thanks to the CA invasion. Ooooh, but TX doesn’t have a state income tax, snicker. 8.25% sales tax missed the top 10 by a whisper. Property tax increases 10% each year. Our property tax used to be 2 weeks of income but is now 5+ months. Then there’s the couple hour morning commute to work which only going to increase.