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housing prices peak 2


               
2022 Apr 29, 9:29pm   848,548 views  7,366 comments

by AD   follow (0)  

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https://finance.yahoo.com/news/pimco-kiesel-called-housing-top-160339396.html?source=patrick.net

Bond manager Mark Kiesel sold his California home in 2006, when he presciently predicted the housing bubble would pop. He bought again in 2012, after U.S. prices fell more than 30% and found a floor.

Now, after a record surge in prices, Kiesel says the time to sell is once again at hand.

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7361   The_Deplorable   2026 Jan 16, 12:17am  

MolotovCocktail says
"The immigrants is part of the government's desperate attempts to prop housing up."

The government, ICE, is deporting the illegals.
7362   AD   2026 Jan 16, 1:20am  

MolotovCocktail says

The root cause is demographics. The immigrants is part of the government's desperate attempts to prop housing up. Canada and Europe are doing the same thing.

They failed.


Are there enough immigrants buying Canada's expensive housing (without overcrowding them and without government assistance) ?
7363   MolotovCocktail   2026 Jan 16, 8:51am  

The_Deplorable says

The government, ICE, is deporting the illegals.


Not enough and not fast enough. Still, some markets will be effected.
7364   MolotovCocktail   2026 Jan 16, 8:53am  

AD says

Are there enough immigrants buying Canada's expensive housing (without overcrowding them and without government assistance) ?


They are the ones who drove those expensive prices. Canada has massive amounts if immigration relative to their overall population for about 15 years. To bail out their pension and health care system, mostly.
7365   The_Deplorable   2026 Jan 16, 10:03pm  

MolotovCocktail says
"Not enough and not fast enough. Still, some markets will be effected."

In 2025 ICE kicked out close to 2.5 million illegals... My take is that that is fast enough...
7366   MolotovCocktail   2026 Jan 16, 10:16pm  

The_Deplorable says

MolotovCocktail says

"Not enough and not fast enough. Still, some markets will be effected."

In 2025 ICE kicked out close to 2.5 million illegals... My take is that that is fast enough...


So they claim. And no. Impressive as that might be, not enough.

Estimate by Pew in 2023 was 14 million. No way. More like triple that amount, at least.

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