I have heard of HUD fraud destroying real estate values and importing crime to neighborhoods so this is not new to me.
My contention is that we are seeing another artificially amplified round of hysteria associated with fear of gun and ammo shortages and/or disproportionately high prices near term because of legislation and/or inflation driven higher prices.
If the former, we will certainly be in for some fireworks.
If the latter’ it will likely be temporary due to continuing demand/price destruction.
Large houses will be cleaned out, auctioned off and sold for taxes.
Complete arsenals will hit gunbroker, pawnshops, etc. and we will be able to get a lot more for the dollar than now.
I know Title 8 screwed up my old neighborhood, along with a bank auction of another house.
A few months after the house at the end of the block went Title 8, there were toilets in the yard, guys using the window to enter and leave as much as the front door, probably about 15 people living in a 3 bedroom house. The other house got picked up by a home remodeler. He was a nice guy, but a drunk and within about a year the health department was visiting. He'd rip out all the old cabinets from a house and leave them in his yard. After a couple of years of doing this, you could barely see his house.
I know we've posted back and forth on this, but I don't expect gun or ammo prices to go down. I think most people will sit on their stock. Sales may slow, but I don't think prices will drop much. Let's tag in May and see who was correct.