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I understand your area might be getting it bad
MolotovCocktail says
But but a housing expert on PatNet posted this: https://patrick.net/post/1383080/2025-01-03-housing-prices-will-not-go-down?start=112
https://wolfstreet.com/2025/07/08/inventories-of-homes-for-sale-in-big-california-markets-jump-to-highest-in-years-median-days-on-the-market-soar-demand-withered/

So what you’re saying is, in the somewhat near future it may be a good time to buy a house….
It is going to take nothing short of prospective buyers actually saving up large 40-50% down payments to be able to purchase now.

ForcedTQ says
It is going to take nothing short of prospective buyers actually saving up large 40-50% down payments to be able to purchase now.
Which means prices will have to fall. A LOT.
Which means this thread's author's main premise is bullshit.
Which means...

. because immigration will not go down
Fuck yeah!
anon5525 says
. because immigration will not go down
Retardation this ^^^^
Absolute proof:
MolotovCocktail says
Fuck yeah!
So why do we let moronbots post on PatNet?
Not sure but certain neighborhoods surrounding downtown Los Angeles should experience massive upheaval in the next few years.
Here’s how bad it is. No one in LA County wants to serve jury duty downtown. But LA HAS to pull from a pool of jurors that live 20-30 miles away, even though those suburbs have their own courthouses. Part of it is number of cases(yet no one but locals get called to Van Nuys, LAX, Compton, Inglewood, or Long Beach courthouses yet all are large and quite busy), but mostly it’s because there are so few citizens living in the neighborhoods surrounding downtown.



Only a 20% drop is needed? That’s pretty crazy imo. Prices went up to high so fast, I’d think not but, I’m not an expert.
Housing prices are controlled by supply and demand. There is no space in any urban area to build more housing. None. You can't insert land between two streets. The only way to increase supply is to steal people's homes through eminent domain and tear them down to build higher density apartments
So the only way to decrease real prices is to decrease demand, and the only way to do that is to kick out all illegal immigrants and anchor babies. Will Trump do this? Almost certainly not. Even with control over all three branches of the government, the Republicans are not going to get rid of all the illegals who are driving up housing prices and social welfare costs. I wish that I was wrong about this, but I'm not.

Glock-n-Load says
Only a 20% drop is needed? That’s pretty crazy imo. Prices went up to high so fast, I’d think not but, I’m not an expert.
Depends on the market. 20% for most of average America. For most of California 40% - 80%. DC area, 60% at least. For Dumfuq, IL...I'll defer to Wookie but I am guessing none at all or just 5% at most.
DC 60%? That is not going to happen. Ever.
My question: how is it even possible to be so dumb?
Glock-n-Load says
DC 60%? That is not going to happen. Ever.
And what magic will continue to prop it up? I can think of some.
FuckTheMainstreamMedia says
My question: how is it even possible to be so dumb?
So you’re for or against deportations?
They’re supported by the incomes.
Just kind of interesting:
My question: how is it even possible to be so dumb?

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So the only way to decrease real prices is to decrease demand, and the only way to do that is to kick out all illegal immigrants and anchor babies. Will Trump do this? Almost certainly not. Even with control over all three branches of the government, the Republicans are not going to get rid of all the illegals who are driving up housing prices and social welfare costs. I wish that I was wrong about this, but I'm not.
The United States population reached 200 million on November 20, 1967. If there was no net migration, then the U.S. population have stabilized to about 220 million. Instead, the population is 335 million. This is why housing is so expensive. This is why rent is so damn high. This is why the younger generations cannot afford to have children. This is why the only way to keep the population from falling is to import massive numbers of unskilled, uneducated, and often criminal immigrants. Both parties are responsible for this: democrats for importing voters and republicans for importing farm laborers. Both parties want cheap labor.
When you import massive numbers of low-iq, low-skill workers, your per capital GDP declines relative to where it would have been otherwise. Yes, technological advancements mask this because technology increases GDP faster than low-skill immigration decreases it, but most of those gains don't get seen by the middle class.
Since both parties, and their corporate overlords, are benefiting from the current system, immigration will continue and housing prices will also continue to rise. I suppose I shouldn't care since I own and have a 2.25% mortgage that is being eaten away by inflation, but anyone young enough that they having bought already is fucked.