Bank of American was doing a brown paper bag test and giving illegals mortgages like it was Halloween Candy. Same thing with auto loans. People are peacing out and getting the boot but a quick deep dive it left me shaking my head when I was looking for value around for both fix and flip scenarios and for someone where I felt people could put some work into and have some value.
I mean I found some but I wasn't overly blown away with what I was seeing out there but it just depends on what someone is trying to do I guess.
If someone was trying to have a roof over their head, have a small garden, be close to some fishing or something, and howl at the Moon it wouldn't be the worse situations I guess. It's just so hard to really evaluate some of the stuff out there to be honest.
https://www.zillow.com/homedetails/14036-20a-Rd-Argos-IN-46501/85559278_zpid/
Low ball something like that. Total rehab. Out in the country and could plant a bunch of fruit trees and a big garden. Maybe someone could be in it for $130K and listen to the coyotes howl.
https://www.zillow.com/homedetails/6798-Little-Sandy-Rd-Elkview-WV-25071/350972852_zpid/
Someone could pull an RV in there and geek out and tweak out.
https://www.zillow.com/homedetails/2022-Washington-St-W-Charleston-WV-25387/22601641_zpid/
Rehab but cheap. West Virginia is down bad and there are some incentives to move there currently. Other incentives to move to West Virginia in general.
https://www.zillow.com/homedetails/131-Main-St-Casa-AR-72025/90897486_zpid/
Brick structure and someone could tweak there and grow some stuff in the back yard.
https://www.zillow.com/homedetails/Brown-Deer-Rd-Big-Bay-MI-49808/455528457_zpid/
Someone could go off grid and pull in an RV, Generator, Solar panels, Starlink ...etc. Fish in Lake Superior
It's tough right now to see the value and to wait around for 5 or 10 years is a tough sell when it boils down to it.
The Midwest still has low inventory in some areas so there can be some value built potentially but I would say someone has to be careful about it and really case out the area if they aren't familiar with it.
This could actually be kind of a cool property if it was redone.
https://www.zillow.com/homedetails/320-E-Long-Lake-Rd-Orleans-MI-48865/91707850_zpid/
https://www.zillow.com/homedetails/9400-Love-Rd-Benzonia-MI-49616/106240562_zpid/
This isn't bad. There is a well and road access and it is close to Crystal Lake which is super nice. Someone could pull RVs into there and there is a bit of someone there and maybe build a Barndo there.
Like I said I just shake my head anytime I get deep in the weeds trying to look for value in this country.
A guy i liked to follow long ago, said that we are not in a bear market or a bull market, we are in a vulture market.
Where every bit of value has now been peeled off the bones.
There is a BIG problem though, when someone wins the game of Monopoly, all the pieces, all the money, all the real estate goes back into the box. But, the banksters think they can keep playing. That that they can keep control, into the next game.
So, the way the universe is playing this, every asset is shifting.
Gold will be useless -> silver will be so highly valued, govern-cements will be controlling it.
Suburban real estate will be worthless -> homesteads, that produce food, will by where it is at.
(and that value will go with the green thumb, not with the land.
Dollars, fiat, will be useless -> Bitcoin, crypto will be what people use.
Modern cars, especially LiIon electric will be worthless piles of rust -> Flying cars and old trucks will be valuable.
And, 50 years after that, we will be shifting to something that the banks can't even touch. Imagine, in order to buy stock, you had to bring VALUE to the corporation, and money was seen as almost worthless. Like, top engineers do not work for dollars. At that point, what do investment bankers bring to the table? Almost nothing in real world stuff. And they may be branded as parasites and labelled as shoot-on-sight.
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