I’m wondering if part of the reason CA opposes deportations of illegals, is if they are chased out, housing prices would collapse.
I don’t know. I think a lot of the problem is overbearing regulations, onerous environmental impact studies, and other anti-growth policies that keep down new construction and drive up prices.
not a chance. Too many foreign buyers with large money from Iran (LA) China (SFO/SoCal) India (Bay Area) and Vietnam (Central Valley/Imperial Valley). As long as the foreign money flows, housing will go up and up and up, the poor are displaced to the woods up north or out to the upper desert down south.
Along with the influx of foreign money comes values - those who’ve ‘made it’ (to America) don’t want to deal with homeless, or illegals, in their new Utopia. That isn’t the quality of life they came here to enjoy. The blacks have been displaced from LA by hispanics, who will be displaced in turn by money.