Posted on 02/22/2017 11:06:53 AM PST by artichokegrower
In San Francisco, an Indian software engineer on a work permit canceled plans to bid on a $900,000 home. In Washington, a Brazilian nonprofit executive passed on a fixer-upper near her office. And, in Mesa, Arizona, a 24-year-old son of undocumented Mexican immigrants won the trust of a bank -- a green light for a mortgage -- but now fears deportation.
(Excerpt) Read more at m.sfgate.com ...
The list of cities most at risk makes you think this is a nonissue. San Francisco for example, the city with the most expensive housing in the country.
But what’s most interesting is that people who do the jobs Americans won’t do apparently make enough to buy a house in San Francisco.
I am treating illegal sob stories with the same amount of sympathy I gave the millennial sob stories after Trump was elected - zero.
I’ve said the same all along.
Increased, over-blown rents are the result of illegal aliens, too.
Six to an apartment. Ten to a house. All work different shifts.
CA is a mess.
Maybe they could get a job and pay their own rent.
It’s odd the way economical principles work, isn’t it?
The tiny affect illegals have on real estate prices is not even a statistical anomaly. Ridiculous.
Less illegal jobs mean better paying American jobs.
Housing will boom.
There may be a big effect on those retiring who were counting on the sale of a home for retirement needs. As well as those who put on big mortgages and the properties go underwater again.
It’s not clear that this is an issue anywhere outside of San Francisco.
So an illegal alien who now has a lein, isn’t a high risk?
Don’t invest in that underwriter.
Any part of the economy that has been built on illegals, will fail and should fail.
Give me a break!
If they fall, then it’s a buyers market.
I’m game!
Not just that. The illegals who are renters have taken over the poorer sections of town. Hard for citizens to find cheap rent that way.
Illegal immigrant skilled labor will start drying up, making new home prices rise, driving up the cost of existing housing and balancing out shrinking demand. See, silver lining.
As a Virginian in the Richmond area, I would be tickled to see home values in northern Virginia go down by 20%...if Trump transfers enough of the Deep State to Fargo it might just happen. Might even make the state red again.
Evidently the high paying jobs are cornered by ALIENS. TIme for Americans to profit in our own country.
We are almost done now with the short sell houses near us. Our house was still worth more in 2008 than now, but at least it has finally gotten out from underwater.
Well one immigrant with status buys a house with a $2000 a month payment.
He turns around and illegally rents 4 to a room in a 3 bedroom house and throws a family in the garage as well.
Rent is collected from every person and not reported as income.
Houses like this bring strangers in and out of the neighborhood and piles are on poor shape all over every curb and driveway in a he city.
Santa Ana California and Los Angeles in the 90001, 90002, 90003 areas are perfect examples of this.
Landlord gets his theifdom and locals see homes become ghetto neighborhoods and. Time rises.
Cars all over the place like a bad used car lot.
Right. Last I heard we have some 95,000,000, with an 'M', in need of work. There are our replacements. All they need are good paying jobs.
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