“Why on earth would any Republican vote not to put up a Wall or against Border Security. Please explain that to me?” @Varneyco
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Replying to @realDonaldTrump @Varneyco
Why would any American vote against it? If we don't have a border, there is no such thing as being an American.
41 replies 11 retweets 167 likes -
easy answer, real estate owners don't want their RE to crash due to lack of demand.
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Replying to @n00bedJermeh @NickSzabo4 and
Republicans' voter base won't vote to lower their biggest asset (housing) that's their only savings and they plan to live on that and social security and pensions, despite those entering the workforce not being able to afford either. Obvious answer for youth> Bitcoin.
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Low income workers and welfare cases and people on the streets you can't understand don't increase real estate values. Agree thought that many are under the delusion that this is the case.
1 reply 1 retweet 1 like -
They have to live somewhere even if its multiple families to one home that creates demand. Even if they rent that increases rent demand pushing up prices. Youth entering the home buying market (inf adj) make 66% of boomers at the same time in their lives & that's w/ fed inf rates
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Replying to @n00bedJermeh @NickSzabo4 and
talk to any real estate broker, it's a sellers market for (price adj for my area) 200k homes which are in terrible shape. You go to 300k+ homes, no one's buying, and the people who own them aren't even living in them, they're 2nd or 3rd owned homes.
2 replies 0 retweets 0 likes
Tons of causes of this -- Fed subsidized mortgages, low interest rate Fed policy generally, zoning, etc. etc. Immigration has a price lowering effect but it is outweighed in nominal terms by these many other factors.
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