H-1B Crackdown Erodes a Texas Real Estate Boom

32,694 Views | 314 Replies | Last: 7 days ago by Zobel
infinity ag
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YouBet said:

You know what's going to happen here? Actual American homeowners in these communities are going to get f'ed.

Because these north Texas cities are likely not going to cut spending as a result of the loss of these property taxes, they will just max everyone else's value and/or raise tax rates to offset the Indians who are walking away.

Can't win for losing.


Yes.
But that kind of system reset is needed and the sooner it is done the better. You cannot do it once the system is full of these temp workers buying expensive houses.

There is no other way out of this and some pain is coming. It will be lesser pain than if we let this fester and it become a 2008 style apocalypse.

So yes, some Americans will feel the pain. I bought my house in 2010 when prices were down and it went down further before coming up. It will all be fine in the long run.
chris1515
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AG
Thanks for that clarification. From that perspective, it could be accurate. Very interesting if that is driving increased foreclosure volumes.
Ramdiesel
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infinity ag said:

YouBet said:

You know what's going to happen here? Actual American homeowners in these communities are going to get f'ed.

Because these north Texas cities are likely not going to cut spending as a result of the loss of these property taxes, they will just max everyone else's value and/or raise tax rates to offset the Indians who are walking away.

Can't win for losing.


Yes.
But that kind of system reset is needed and the sooner it is done the better. You cannot do it once the system is full of these temp workers buying expensive houses.

There is no other way out of this and some pain is coming. It will be lesser pain than if we let this fester and it become a 2008 style apocalypse.

So yes, some Americans will feel the pain. I bought my house in 2010 when prices were down and it went down further before coming up. It will all be fine in the long run.


The pain is coming for US citizen workers irregardless. The Indians will take their jobs with them back to India. If you don't know what I mean by that, look up rebadging American workers.

A lot of these Indians will go to work for companies like Infosys when they get back to India, while they temporarily rebadge American Citizen workers here at corporations to companies like Infosys. Then Infosys or some other outsourcing company will layoff the rebadged American Citizen worker (after they have trained their Indian replacement, of course)...So essentially we, American Citizen Tech workers, are going to be hosed in the end no matter what. And, the taxpayers and banks and our economy will be left with the entire mess of the foreclosures, layoffs, etc.
txyaloo
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AG
nortex97 said:

This brought a real smile to my face. Would love to see what that reddit or whatever discussion thread/forum look like.

This is on Blind, and you have to sign up with your work email to get access.
AggieVictor10
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AG
njohn87 said:

Is there a reason that North Texas's Indian population is such a source of anxiety this election cycle? I feel like I never heard much complaint until this year.


You know why.
“…What?”

- Joe Biden
infinity ag
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nortex97
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AG

The winning on this topic is exhausting even to me.
samurai_science
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Should have been day one
infinity ag
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The BIG CRASH is coming. Hang on to your Steaks!!!
nortex97
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AG
infinity ag said:

The BIG CRASH is coming. Hang on to your Steaks!!!

It will have a lingering impact in a few communities in particular, including Frisco, Celina, Prosper, Irving, and Las Colinas, but I disagree this will be the driver of an all caps big crash.

Add in, not many of them will uproot and fly back quickly over this, it would need to be in place as employments change over time. Deportations (forced or self) of illegals would/will have a bigger/faster impact on the local housing market imho.

And the housing market is due for some pain in any case with interest rates likely not returning to the 2 to 3 range any time soon.
AGC
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AG
Ted Wilson is who I was quoting about the number of cultural buyers.
VP at Pierce and Pierce
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Seems like the media and these real estate people are using h1B as cover for the fact that all these illegals are getting deported and that is what is crashing the market. Both sides are united in not supporting H1B so it's an easy target. Pointing out deportations & illegal immigration is a sticky situation with lots of blowback plus it raises questions of how hundreds of thousands of illegals can purchase nice houses (often using tax payer money or housing programs) so easier to blame the crash on Indians.
ChemAg15
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Is the housing market gonna crash or are we going to fix the affordability crisis? I cant keep it straight.
bobbranco
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ChemAg15 said:

Is the housing market gonna crash or are we going to fix the affordability crisis? I cant keep it straight.


Illegals caused housing costs to increase. Also, the puppet Biden raised the Section 8 rent scale that raised rents across the spectrum.

Plus Biden's economic policies inflated costs 20% plus across the board.

The regurgitated talking points and gaslighting is obvious.


No amount of logic is going to convince the illogical that orange man isn't so bad that we should all vote for socialists in 2026. He wants to vote for a socialist who wants to kill the O&G industry, dismantle capitalism, open the borders, ban guns, legalize abortion up to birth, allow men to play girls sports and hang out in women's locker rooms, and pay for trans surgeries for little kids. SIGNED txags92
flown-the-coop
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AG
You are correct. Certain localized and somewhat fleeting impacts.

The builders and realtors are way ahead of the OP in adapting.
flown-the-coop
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ChemAg15 said:

Is the housing market gonna crash or are we going to fix the affordability crisis? I cant keep it straight.

Housing crash and an economic depression will reduce prices. Not sure how it overall helps affordability.

They are two sides of affording something. What you have to buy it with and what it costs.

Missing from all the inflation and gas price discussion is the other side. For some reason, people ignore that.
ChoppinDs40
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I'm mostly an idiot and generally pontificate from a localized area.

Here's my take.

The "imma move anywhere because jobz is so good" will slow down. Relatively, probably back to normal. Above normal. Will it be the situation where every single person on your street is from Chicago, New York, charlotte, Kansas City, etc? Nope. And hopefully not. We've diluted our culture with these transplants.

People that want to get out of dodge are having to stay put. Maybe this helps with hunkering down and build community.

I dunno. It's such a whiplash world right now.
nortex97
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AG

Pretty good thread/site.
Captain Pablo
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How do illegals afford those houses in the first place?
Mat Lanticus
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Captain Pablo said:

How do illegals afford those houses in the first place?
youre paying for them.
nortex97
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Captain Pablo said:

How do illegals afford those houses in the first place?

Actual illegals are quite often renters vs. owners I believe. Below from Grok, my correction;
Quote:

Nationally, non-citizen immigrant homeownership rates run around 40% versus 70%+ for citizens or natives; the gap shrinks but does not disappear after controlling for income, education, and other factors.

A Dallas Fed working paper on the 20212024 unauthorized-immigration Biden-Kamala Democrat illegal alien invasion wave treated it as a housing demand shock that raised both rents and home prices, consistent with new arrivals occupying existing rental stock more than buying.

From the link;
Quote:

These inflows also raised local house prices and rents without expanding housing supply, consistent with a housing demand shock in the face of short-run inelastic supply. Lastly, we find that UIWF reduced labor income per capita, consistent with downward wage composition of the local workforce, and strongly reduced government transfers.

Vestal_Flame
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This thread caused me to look into real estate conditions in Austin. I then looked at the "suburbs," and saw Caldwell listed among the suburbs of Austin.

I have to imagine that the good people of Caldwell would justifiably take offense.
doubledog
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Captain Pablo said:

How do illegals afford those houses in the first place?

The entire extended family buys the house.
ChoppinDs40
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doubledog said:

Captain Pablo said:

How do illegals afford those houses in the first place?

The entire extended family buys the house.


Bingo

There's a house in my hood that was up for sale for $2mm. HUGE 5,2000 sqft home. All the upgrades. Marble and stone everywhere on the inside.

I walked by one day, there was 6 cars outside, 4 electric ones, and 5 adult males outside smoking cigs.

Part of the reason the newer areas are flooded is because Indians have no home improvement skills and are cheap as hell. They do not want to do any remodeling or upgrades with cash.

They buy new. Do not maintain. And move on. They also want homes with multiple "master suites" because they almost always have multi generational living there and multi-same generation (brother and his brother live there with their parents)

They aren't buying 2k sqft houses. I at least feel somewhat protected because my street is all 1story houses that are 4br or less.
ts5641
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ChoppinDs40 said:

doubledog said:

Captain Pablo said:

How do illegals afford those houses in the first place?

The entire extended family buys the house.


Bingo

There's a house in my hood that was up for sale for $2mm. HUGE 5,2000 sqft home. All the upgrades. Marble and stone everywhere on the inside.

I walked by one day, there was 6 cars outside, 4 electric ones, and 5 adult males outside smoking cigs.

Part of the reason the newer areas are flooded is because Indians have no home improvement skills and are cheap as hell. They do not want to do any remodeling or upgrades with cash.

They buy new. Do not maintain. And move on. They also want homes with multiple "master suites" because they almost always have multi generational living there and multi-same generation (brother and his brother live there with their parents)

They aren't buying 2k sqft houses. I at least feel somewhat protected because my street is all 1story houses that are 4br or less.

Indians are becoming a problem on multiple levels. Time to shut down on this H1B Visa crap. Hire American born workers for good jobs. Pay a little more you greedy ass CEO's!
EclipseAg
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ChoppinDs40 said:

doubledog said:

Captain Pablo said:

How do illegals afford those houses in the first place?

The entire extended family buys the house.


I walked by one day, there was 6 cars outside, 4 electric ones, and 5 adult males outside smoking cigs.


This is very common in my neighborhood. Multiple families living together.
YouBet
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AG
ChoppinDs40 said:

doubledog said:

Captain Pablo said:

How do illegals afford those houses in the first place?

The entire extended family buys the house.


Bingo

There's a house in my hood that was up for sale for $2mm. HUGE 5,2000 sqft home. All the upgrades. Marble and stone everywhere on the inside.

I walked by one day, there was 6 cars outside, 4 electric ones, and 5 adult males outside smoking cigs.

Part of the reason the newer areas are flooded is because Indians have no home improvement skills and are cheap as hell. They do not want to do any remodeling or upgrades with cash.

They buy new. Do not maintain. And move on. They also want homes with multiple "master suites" because they almost always have multi generational living there and multi-same generation (brother and his brother live there with their parents)

They aren't buying 2k sqft houses. I at least feel somewhat protected because my street is all 1story houses that are 4br or less.


Like locusts.
infinity ag
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ts5641 said:

ChoppinDs40 said:

doubledog said:

Captain Pablo said:

How do illegals afford those houses in the first place?

The entire extended family buys the house.


Bingo

There's a house in my hood that was up for sale for $2mm. HUGE 5,2000 sqft home. All the upgrades. Marble and stone everywhere on the inside.

I walked by one day, there was 6 cars outside, 4 electric ones, and 5 adult males outside smoking cigs.

Part of the reason the newer areas are flooded is because Indians have no home improvement skills and are cheap as hell. They do not want to do any remodeling or upgrades with cash.

They buy new. Do not maintain. And move on. They also want homes with multiple "master suites" because they almost always have multi generational living there and multi-same generation (brother and his brother live there with their parents)

They aren't buying 2k sqft houses. I at least feel somewhat protected because my street is all 1story houses that are 4br or less.

Indians are becoming a problem on multiple levels. Time to shut down on this H1B Visa crap. Hire American born workers for good jobs. Pay a little more you greedy ass CEO's!


Anyone flooding in large numbers becomes a problem. Not just Indians. Or Muslims. Or anyone. We let people game our system and helplessly watch when they run roughshod over us and change the culture.

I don't blame CEOs for this. Most of them followed the (bad) rules. I blame the politicians who were bribed I mean lobbied into this and framed bad laws and didn't do anything when it was gamed.
CW Griswold
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I remember a time when a lot of people were like, "We should definitely favor India over China."

How about instead…
infinity ag
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The real estate market is so bad right now that realtors are hoping boobs will get men to buy houses.
Coming soon to a TX town near you.

https://www.instagram.com/reel/DdDKr6EOR1E/?utm_source=ig_web_copy_link&stkn=NTc4MTIwNjQ2YQ==





Quite innovative, I must say. Love the hustle.


BadMoonRisin
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It appears that India is having trouble absorbing their newly sent home super geniuses.

YouBet
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What they should do is a massive public works program and put all those people to work building new infrastructure and pulling that country into the 20th century.
BadMoonRisin
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YouBet said:

What they should do is a massive public works program and put all those people to work building new infrastructure and pulling that country into the 20th century.

250k 1% Global genius IQ people returning to their homeland. I hope they make it work there.

The pickleball courts will be coached, the gas stations, staffed. The 9 analysts required for said gas station; full staffed. It's going to work out great for both countries.

Only thing to be sorted is who actually picks up the trash.
Ramdiesel
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Captain Pablo said:

How do illegals afford those houses in the first place?


They get Asylum status via shady means, and then US taxpayer pays the rent, the cell phone bill, the food bill, etc while they have jobs that make them cash under the table.

There's a lot of them rolling around Arizona in F250s / F350s, hundred thousand plus dollar campers, side by sides, 4 wheelers, bass boats, etc. Barely speaking english. They either got a rich uncle in the Cartel in Mexico or doing something shady here to exploit the freebies from Tax payers.

I'm sure there's a lot that work hard also, and made successful businesses.
Zobel
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https://www.whitehouse.gov/presidential-actions/2026/09/enhancing-program-integrity-and-integrity-and-interagency-coordination-in-the-administration-of-the-h-1b-nonimmigrant-visa-program/
 
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