H-1B Crackdown Erodes a Texas Real Estate Boom

15,912 Views | 191 Replies | Last: 1 day ago by Signel
YouBet
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AG
There is nothing interesting or astute about housing prices declining in areas where mass layoffs happen. lol.
infinity ag
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nortex97 said:

And none of it has much of anything to do with h1b changes. Heck, the main change of the fee for new ones is held up by a judge right now.


It has to do with immigration changes in general. H1B is one part of it. People are leaving the US every day and they are posting about it on Linkedin, Facebook and Instagram. They would leave from immigrant rich cities, not from places where immigrants don't want to go. You can see that in the data. Cities with no immigrant populations are untouched. A good number of them would just abandon their homes and head out.
The coming months should bring more clarity into what is happening.
infinity ag
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YouBet said:

There is nothing interesting or astute about housing prices declining in areas where mass layoffs happen. lol.


You didn't read the thread. It isn't just "mass layoffs". It is layoffs in tech coupled with Trump's immigration actions which have made many foreigners feel that US is not the place for them. So locations with immigrant fueled housing is now on the way down again. The impacts are uneven.
No Spin Ag
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infinity ag said:

nortex97 said:

And none of it has much of anything to do with h1b changes. Heck, the main change of the fee for new ones is held up by a judge right now.


It has to do with immigration changes in general. H1B is one part of it. People are leaving the US every day and they are posting about it on Linkedin, Facebook and Instagram. They would leave from immigrant rich cities, not from places where immigrants don't want to go. You can see that in the data. Cities with no immigrant populations are untouched. A good number of them would just abandon their homes and head out.
The coming months should bring more clarity into what is happening.


So less people might just mean lower prices in more than just housing, right?

Or is the loss of people not enough to make that big of an effect?
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
infinity ag
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No Spin Ag said:

infinity ag said:

nortex97 said:

And none of it has much of anything to do with h1b changes. Heck, the main change of the fee for new ones is held up by a judge right now.


It has to do with immigration changes in general. H1B is one part of it. People are leaving the US every day and they are posting about it on Linkedin, Facebook and Instagram. They would leave from immigrant rich cities, not from places where immigrants don't want to go. You can see that in the data. Cities with no immigrant populations are untouched. A good number of them would just abandon their homes and head out.
The coming months should bring more clarity into what is happening.


So less people might just mean lower prices in more than just housing, right?

Or is the loss of people not enough to make that big of an effect?


People are panic selling, from what I gather through twitter. They are selling below what they bought it at and that is causing the prices to fall even more as many are doing the same. No buying pressure yet but it will come at some point.

I don't live in the DFW area, but if anyone has more information closer to the ground, please post.
No Spin Ag
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infinity ag said:

No Spin Ag said:

infinity ag said:

nortex97 said:

And none of it has much of anything to do with h1b changes. Heck, the main change of the fee for new ones is held up by a judge right now.


It has to do with immigration changes in general. H1B is one part of it. People are leaving the US every day and they are posting about it on Linkedin, Facebook and Instagram. They would leave from immigrant rich cities, not from places where immigrants don't want to go. You can see that in the data. Cities with no immigrant populations are untouched. A good number of them would just abandon their homes and head out.
The coming months should bring more clarity into what is happening.


So less people might just mean lower prices in more than just housing, right?

Or is the loss of people not enough to make that big of an effect?


People are panic selling, from what I gather through twitter. They are selling below what they bought it at and that is causing the prices to fall even more as many are doing the same. No buying pressure yet but it will come at some point.

I don't live in the DFW area, but if anyone has more information closer to the ground, please post.


Appreciate the info.
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
VP at Pierce and Pierce
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No Spin Ag said:

infinity ag said:

nortex97 said:

And none of it has much of anything to do with h1b changes. Heck, the main change of the fee for new ones is held up by a judge right now.


It has to do with immigration changes in general. H1B is one part of it. People are leaving the US every day and they are posting about it on Linkedin, Facebook and Instagram. They would leave from immigrant rich cities, not from places where immigrants don't want to go. You can see that in the data. Cities with no immigrant populations are untouched. A good number of them would just abandon their homes and head out.
The coming months should bring more clarity into what is happening.


So less people might just mean lower prices in more than just housing, right?

Or is the loss of people not enough to make that big of an effect?


It should be lower pricing. There's no telling how many of these home loans were given out by the Biden administration under the table. Lots deported and cancelled H1Bs defaulting on their loans. Another mess for the tax payers to clean up.
Stressboy
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AG
VP at Pierce and Pierce said:

No Spin Ag said:

infinity ag said:

nortex97 said:

And none of it has much of anything to do with h1b changes. Heck, the main change of the fee for new ones is held up by a judge right now.


It has to do with immigration changes in general. H1B is one part of it. People are leaving the US every day and they are posting about it on Linkedin, Facebook and Instagram. They would leave from immigrant rich cities, not from places where immigrants don't want to go. You can see that in the data. Cities with no immigrant populations are untouched. A good number of them would just abandon their homes and head out.
The coming months should bring more clarity into what is happening.


So less people might just mean lower prices in more than just housing, right?

Or is the loss of people not enough to make that big of an effect?


It should be lower pricing. There's no telling how many of these home loans were given out by the Biden administration under the table. Lots deported and cancelled H1Bs defaulting on their loans. Another mess for the tax payers to clean up.


Just bought a 3100 sq ft, 2008 build house in a decent neighborhood in Keller ISD for 375k. On tax rolls for $445. Prices were dropping as we shopped but we needed an ADA first floor bedroom and bathroom so it was either snatch it up now or get one that we would have to modify even more than we are going to.

The price drop is real.
infinity ag
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Stressboy said:

VP at Pierce and Pierce said:

No Spin Ag said:

infinity ag said:

nortex97 said:

And none of it has much of anything to do with h1b changes. Heck, the main change of the fee for new ones is held up by a judge right now.


It has to do with immigration changes in general. H1B is one part of it. People are leaving the US every day and they are posting about it on Linkedin, Facebook and Instagram. They would leave from immigrant rich cities, not from places where immigrants don't want to go. You can see that in the data. Cities with no immigrant populations are untouched. A good number of them would just abandon their homes and head out.
The coming months should bring more clarity into what is happening.


So less people might just mean lower prices in more than just housing, right?

Or is the loss of people not enough to make that big of an effect?


It should be lower pricing. There's no telling how many of these home loans were given out by the Biden administration under the table. Lots deported and cancelled H1Bs defaulting on their loans. Another mess for the tax payers to clean up.


Just bought a 3100 sq ft, 2008 build house in a decent neighborhood in Keller ISD for 375k. On tax rolls for $445. Prices were dropping as we shopped but we needed an ADA first floor bedroom and bathroom so it was either snatch it up now or get one that we would have to modify even more than we are going to.

The price drop is real.


Awesome! Congratulations.
Americans are now getting in on deals that were not available for years because of manipulation. Just imagine the number of jobs lost and income lost because of all the visa and offshoring scams.
infinity ag
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Looks like all the H1Bs who bought are unloading in TX and elsewhere.

Lots of smart Ags here... any of you got any "creative ideas" to help him sell?



YouBet
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AG
AUS was one of the most overpriced markets in the country. He will have to take a loss most likely.
TexasRebel
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AG
As low as $100K loss?

How about $500K?

I'll take a free house.
infinity ag
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YouBet said:

AUS was one of the most overpriced markets in the country. He will have to take a loss most likely.


No such thing as "overpriced" when market goes by demand and supply.
Now as H1Bs are being shown the door, the demand for houses has reduced. Hence you can get good deals if you play your cards right.
infinity ag
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Exposing Hypocrisy - one CEO at a time
infinity ag
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Check out the panic sell. 100k drop from 300k to 200k

Exposing Hypocrisy - one CEO at a time
YouBet
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AG
I guess it's about to be a buyer's market for real Americans.
Signel
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AG
Fed kept rates at the same level due to the recent spike in inflation. I fully expect prices to keep falling over the next 6 months.
 
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