That makes sense that we are in a vulture market. We haven't heard as much about the airbnb collapse recently but we have to assume a lot of those people who invested in that are in trouble.
At some point a lot of these crisis would reach max pain and pop in everyone's face.
Also all the new builds and luxury apartments that have went up .
Even if they flushed out 20 Million illegals which I don't think they will the real estate market would start to free up some.
And the real estate investors are looking at converting commercial real estate that is sitting empty into luxury apartments/condos. Just in time to destroy the housing market.
And the immigrants will be making a run for the border. The larger paradigm is that we at the beginning of The Great Migration, where people will move to be with their tribe/"family". The other piece is that the darker skinned people will be moving away from the cold. (they need more sun to make vitamin D)
And so, other forces will "join" with those. Like, northerners getting upset and start to use force to move them south.
I'm surprised so many darker skinned people don't move south but the Canadian border is stopping several million and then there isn't as much opportunity in the dirty South for US residents.
If they ramped up efforts and got 30 Million illegals out a lot would suddenly change in a year.
They need to phase out 90% of the H1Bs