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PaperclipPerfector  10mo ago (text post)   3063 thread views

Small-Scale Question Sunday for March 23, 2025

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I'm going to buy a house in Southern California (LA area) sometime in the next 3 years. I'd like to time the market a bit, and I'm wondering if anyone has any insights to what housing prices might look like in the Trump admin?

My naive analysis is that prices will trend downward for a couple of reasons:

  1. if immigration goes down then there will be more supply and prices will go down,
  2. interest rates have gone up recently, and that drives house prices down, and the market is still catching up to this trend (I'm more concerned about the overall price than the monthly payment for various reasons).

On 1, I will caution you that if Trump follows through on his promise for more high skill immigration but deporting illegals, house prices will not fall- illegals live in shitbox apartments or in trailer parks, not in houses, but high-skill immigrants are competition for housing stock.

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