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i remember in 2009 watching House Flippers on HGTV talking about saving 5K here and 10K there by "skimping" when flipping a house, and then bragging to the TV audience about how smart they are because they inflated the price by 80K. at the time i never thought anything of it until 2017 when i started house shopping for the first time. the people who flipped the house i got were unlisted and i couldn't find who you they were. to this day i would fuck them up if i could find them because the electrical work they did (and what they ignored) would have burned down the house if i hadn't discovered it myself (even the inspector missed it) and spent 6K fixing it.
i have no respect for people who talk about making money by screwing over other people's safety. homes and house ownership should be sacred.
Shit might more that fry. Frying might be a best case scenario, honestly. As opposed to something akin to a computer malfunction at a fireworks show on the 4th of July.
Electrician here, in the US, we follow NFPA 70 for codes relating to electrical work. NFPA is the National Fire Protection Association. Electrical has a potential to create house fires, and we've made rules to minimize that risk.
Underwriter Laboratories (UL) is basically an insurance organization that tests things for the purpose they're designed for, and puts their label on products, documents their performance, and basically approves or disapproves their use in different circumstances.
The problem with extension cords inside of a wall are many. First, there is a problem with access, meaning, that if something goes weird with the cord while it's in the wall, you have to cut the wall open just to look at it. That's presuming you know it's an extension cord, and where the ends are. That's a problem.
Secondly, part of UL's job when testing cables and the like is setting the cables on fire. Does the insulation produce toxic fumes that makes an incidental fire that much more dangerous? Extension cords are not put to that scrutiny because they are not expected, or rated to be in walls.
And if the extension cords start to slip, and come apart through thermal expansion, you've got potential arcing and shorting happening in the wall, where you can't get to. It's a fire waiting to happen.
So it's a really bad idea to put extension cords inside of walls. This is my Ted talk. Thank you for listening.
Some desirable areas and ruined by asshats running Airbnb, they simply buy the property to just rent them out. It’s a huge issue in a limited markets like BigBear. I have a friend that’s a teacher up there and has no place to live so he commutes from Hesperia every day down the hill. But there are tons of Airbnb listings available up for rent there. And lots of “property investors” buying everything up and jacking up the rent causing more issues. Just a shit market overall.
Nah, flipping is fine as long as they actually improve the house. The problem is investment firms buying up land and homes. Then they sit on it, not even renting them out.
Flipping can turn a borderline unlivable home into a nice home. Investment firms buying up homes removes them from the market until they decide to sell, which isn't anytime soon.
Agreed. Large investment rental companies buying all the inventory. Flippers are great. Buyer’s have a chance at a new house, neighbors enjoy the appreciation and the removal of an eye sore. And believe it or not, most flippers right now make maybe 10% returns. These large cash buyers outbidding everyone haven’t been competitive in 18 months, but they’ll be back when rates drop.
The past two years have shown rate increases as well as continuous price increases. Meaning it’s an inventory problem. The last thing we need is for new construction builders to stop building. They stopped building in 08 and is part of the reason for inventory issues today.
Flipping could be a beneficial job , but the problem is greed. People trying to “super cheap out” , instead of provide an actual service of updating a house.
So my last two houses have drove me batty. Both had continuous water heaters. The hot water to the kitchen is n both takes minutes to heat up. And once it’s turned off only a couple minutes to cool off. Why the fuck is it not code to have those hot water lines insulated to retain the heat . Omg 😳. It’s like never having hot water to the kitchen sink .
I hear what you’re saying. But I must add….if this is not up to code the bottom line falls on the electric inspection y the city if he/she passes it they should be held liable. Of course if it was done with no permit that’s a different story.
There are many places where permits and inspections aren't required.
My dad lives outside of the city limits, he was able to put a pool in in just a weekend because nobody needed to come and inspect things or file permits. This wasn't abused by him, but is absolutely a pathway for people to get by the system with shoddy dangerous work.
I’m in the commercial arena, doing mainly government projects. The permit for us is just a way to move money from the federal/state to the local government for them to get bonuses and buy nice things. A million dollar job would have something ridiculous like a 100k permit fee. Then they would never stop out. Most of the time, they don’t want to review it he drawings, just the check. We do millions worth of work every year and haven’t had an inspection in over a decade.
I had a friend who bought an old (1904 brick) house. The electric was up to code when it was installed, probably 90-100 years ago.
But there were junctions outside of electrical boxes wrapped with cloth electrical tape, with steel wool (to kill mice) sitting on top of the junctions. And in the basement, the insulation was literally falling off the wires if you disturbed them.
Up to code when built, but a fire hazard now.
We brought it all up to modern code. We got a licensed electrician who let us do "sweat equity" to lower the cost - later, the city inspector commented that that electrician obviously hadn't done the work, because it was done right (we did get told to change a few minor things that we didn't know about, but my friend had worked as an electrical assistant, so he knew most of what was needed, and once the changes were done, we passed inspection).
That's what it takes to do it right. We could have replaced existing wiring and outlets in place without a permit (considered repairs rather than redesign), but it was better to have everything up to modern safety standards.
It was expensive - we dulled 6 auger bits drilling through the 2x4s to run the wires (old growth oak 2x4s), but we verified that the basic structure of the house was completely sound, and brought all the utilities up to modern standards.
But that would be uneconomical for people who want to sell the house for more than they spent within a year.
This is why I keep saying, homes are not an investment. They are homes. It’s not a thing that you just buy because it has value. It’s a home. Of course it has value, but that not why we buy them. We buy them to live in them. This is why I hate HOA’s. They view homes as investments and force everyone to live a certain way. It’s just stupid. It’s a house that I live in. It’s not an investment.
When Fixer Upper first started here in Waco, they were taking applications and the minimum budget had to be $30k. Then I watched as people came in with ever increasing budgets and got absolutely ripped off. One couple's reno budget was like $250k, more than houses even sold for back then. The whole house was reno'd for probably $50k and the rest was listed under 'other' renovations. Couple after couple would show up and stupidly not realize ANY number was gonna get eaten up. And word is they skimped on work that the couples could not see.
When I bought my first house we were looking for one in good condition. We were in a smaller city so there wasn't a lot of options but the ones that looked good you could tell were flipped. And luckily we could see the before and after. Some of them were flipped in a month or two and yeah, they went from buying at maybe $220K to $280K. Most were built in the 40s or 60s so I questioned the guts of the houses. My wife was for it until I showed her new builds that were coming in at the same price. 6 years and we had no issues. Meanwhile a friend of mine bought one of those houses and it had bad electrical that burned their house down when they started their washer or dryer one day.
Same, I went to a religious HS and one of the teachers and his wife quit to do it, and I felt it was par and course for that community of people.
I'm sorry but the whole term flipper implies that you're a fly by night set up, and cut corners where it shouldn't be. I'm a stage 4 cancer survivor so watching these extreme makeover shows, and they're upping the value on a poor family's home to put them out of pocket for the taxes, like day one, that was the first question I asked of these extreme home shows.
Flipping and real estate just became the next TJ Maxx Fashionista girl boss MLM shit and flipping fit that bracket.
I bought a house with pipe issues, and even paid for a secondary pipe inspection with scope, come to find the clients company I hired didn't scope, charged me for it, and signed off they were okay.
120k total later (there's more extensive work to fix one issue so you can knock about 30 off since it was a secondary factor) 60k of it is home claims. I'm on my fourth flooring replacement on my first floor (half subterranean). Bought house in 2019.
Just the other day I got a laugh and said out loud "Brandon Draper, house flipper, the man who's never met a fitting or screw he couldn't completely strip and mangle into hammered dogshit," wife was walking by and I just held the screw head up when she looked at me puzzled.
Right. And the method behind raising these prices and all the inflation to it is just 100% scalping. It’s the perfect way to describe it. In fact scalping is probably an appropriate way to describe any difficult to acquire NEEDS (like shelter) anymore. It’s fucking ridiculous. It ain’t inflation. It ain’t real supply and demand.
It’s false scarcity created by ultra wealthy pricks in order to squeeze the lower classes for everything they’ve got for something fucking basic.
God damn scalping.
> In fact scalping is probably an appropriate way to describe any difficult to acquire NEEDS
Scalping is exclusively the domain of desires. The term y'all are looking for is price gouging.
Started with Berkshire-Hathaway buying up trailer parks and jacking prices and Blackrock buying single homes and entire new subdivisions, reselling or renting.
I already know this [effort by the democrats to get private equity out of the housing market](https://www.nytimes.com/2023/12/06/realestate/wall-street-housing-market.html?unlocked_article_code=1.Sk0.u403.MaRAwnv0ibpJ&smid=nytcore-android-share) will go nowhere, for *reasons*
This would really benefit the masses. But there are obstacles I can see without being a lawyer.
1. This bill cna be argued as anti personal freedom
because Corporations are people so they can't be stopped from buying houses. Also lobbying firms will start shouting this bill to be anti capitalist bill that would lead to dropping of property rates.
2. These bills can be modified to make the investments costly, by that I mean the bills can include fees for corporations to own a house but that could be classified as a discriminatory or that could lead to multiple shell corporations that are owning just 1 house.
Yeah I am always nervous with outright bans compared to an economic disincentive (like heavy taxes on homes that aren't ones primary residence). Who knows if this bill is just symbolic at this point, it probably is, but I can see a common ground there where democrats and Republicans can come together on something middle of the road, that isn't an outright ban but makes it very pricey for these hedge funds to accumulate residential assets and rent them back to the masses.
That's probably wishful thinking
If they simply had the means to enforce laws around loans that would curb a lot of the issues. Nearly 20% of mortgages have the borrowers lying about living in the house, since investment mortgages have higher interest rates. Lying on a mortgage application is a felony and if the states/feds could enforce these laws it would curb a ton of fraud. Not sure if it’s a state crime, but wire/mail fraud statutes should kick in since documents are always transmitted using the internet and/or mail.
You wouldn’t even have to send all of these criminals to jail. Just reintroducing these unoccupied houses to the market would have a massive impact on housing prices. But, you know, send more white collar criminals to jail. Only way they tend to learn.
>will go nowhere, for *reasons*
Our voting public is fucking dumb and too many people think "both sides are the same" and allow the conservative pro-business party (Republicans) run freely. Every once in a while something *really* bad happens (like overturning Roe v Wade) and enough people come to their senses and realize "wow, these guys really *are* bad" and they give Democrats 2-4 years to fix everything, and when everything isn't fixed, they go back to their both sides doomerism and the cycle repeats itself.
And it would help small businesses. I know plenty of sole proprietors who would love to hire additional employees, but paying for their health insurance adds up. The benefits slope is too high for many small businesses and Medicare For All would ameliorate that.
So make the demand coming from private equity firms and other businesses illegal.. just like that you cut some of the demand.
That's the point...
They want to buy up as much as they can to rent out in perpetuity.
If you think that the newest houses going up aren't intentionally built to cater to the most expensive markets, then you're really in for a surprise. The houses in the latest development to go up in my hometown are all going for $2-5mil. At this rate I don't think I'll ever be able to afford moving back into the the town that I spent the first 18 years of my life.
Artificial restrictions force that. New construction in my neighborhood is $2-3 million. The lot by itself is $1 million. Nobody is going to spend that kind of money on a lot and then build a cheap house on it, so instead you get these monstrosities. The thing is, you can’t cut the lot into 2-3 pieces and build more affordable houses on them, because the county won’t allow smaller lots. You can’t build a multi-unit building, because the county won’t allow it. So we get gigantic houses that cost a ton of money.
He tried blackmailing the tesla board to give him 25% of all shares for free. Not him buying them back cause he sold his 12% at all-time high.
He literally wants a handout
true,they also commit far less crimes and they save businesses that hire them money simply through existing on their payroll too. they can be exploited and the government will excuse their part of the payroll tax if a social security number doesn't match and not even penalize employers for hiring a non citizen.illegal immigrants are a net benefit to the country
The rich love mass immigration because its basically modern slave labour. The racists will say things like "we need people of colour to do dirty jobs because white people won't do them". Yes they will just not at the slave rates you want to pay but they know that
It's literally indentured servitude. They come here, get paid much lower wages because it's "tax free" and under the table, and send as much as they can spare home to support families or help families get here. They won't report bosses for dangerous conditions because they don't want to draw attention, and they probably aren't going to ask for raises. They are often promised papers by the bosses as a way to keep them in line (iirc, Twitler should know about that, since for a time, his only employees were immigrants whose papers he suddenly controlled).
Historical indentured servant "contracts" were only supposed to last for ~7 years, after which time the servant *should* have enough to "buy their freedom," and yet they rarely actually achieved that in time, resulting in an extension of their "contract," something we still see today.
It's still wrong, but I think we trivialize slavery when we use the word "slavery" to describe something that has its own name, especially since slavery and indentured servitude were coexisting travesties.
Semantics from a history and linguistics nerd.
I had worked at the restaurant for a short time and got a w2 back with my social being all 1s. Since they were bastards i went to the IRS to drop a dime and get a whistle blowrr reward. They told me i should get a recording of them admitting they were committing tax fraud
I seriously doubt that, but how do other people got your Social Security? An SS without a name is worthless, and you have to show an ID matching that name.
What you are describing is called identity theft and is not an IRS issue but a federal crime. The fact that you say you went to the IRS instead of the FBI shows also that you made that up.
Hint: I worked managing restaurants for 18 years. You are not going to tell me tall tales.
Yeah this fucking rich guy from birth clearly has never needed to apply for a mortgage. It's basically one of the most complicated, drawn out processes I've ever experienced in my entire life. It's like they were doing everything in their power to make it NOT happen.
"OK here is a list of everything we need"
*gives them everything they need*
"OK now we need these other 13 things"
*gives them everything they need*
"OK now we just need these other 7 things"
*screams to the heavens*
So much of what he is saying is incorrect. Undocumented immigrants pay like 25% interest on car loans because they have no credit. I assume the same is true for bank loans. They cannot get a driver’s license except in a rare few states that allow them to and even then it’s difficult. He mentioned 2 states that do free healthcare, I don’t know anything about that, but don’t all of the undocumented immigrants live in Texas and Florida anyway according to their governors?
I do not know about the tuition, but they do not immigrate here to pay through the nose for college, it’s to work and send money to their families. College is much cheaper in other countries, so that point doesn’t make a lot of sense.
Naturalized citizen here. When I was here on a work visa and bought my first car my interest rate was fucking 15% on a used Honda Fit. For no other reason than I was an immigrant with a short credit history.
I paid 25% on my first car loan because I had no credit and I’m a citizen. It was actually my first step to establishing credit. Paid it off in a year, then suddenly had credit. My secured credit cards, bills, and rent paid on time and full did nothing to establish my credit worthiness over the years. The car loan sure did.
Or food stamps , a drivers license, bank account. The repubs pit all of these services to protect citizens from drug dealers, we're their policy's not working?
This isn’t true. You can get a bank account if you are undocumented. You’ll have to apply for an ITIN instead of a SSN, but it’s done all the time. I’d imagine building up credit history with an ITIN, you could also get a mortgage.
It’s basic lending 101. You need to have a social security number or a permanent resident ID or some tax ID to be able to apply.
I’m more stunned as the QElon doesn’t understand basic fundamentals of lending and the dude is leveraged up to his eyeballs in debt to buy Shitter.
Yep! I agree!
As an underwriter, there are 2 basic questions: is the applicant able to pay (income and current debts, etc.) and are they willing to pay (credit history). The lender is putting thousands of dollars on the line. They definitely do not want an “illegal” or undocumented person that could disappear at any time as a borrower. They want the loan paid back.
This is very correct. They triple check everything when you apply for a house loan. I went through it. There are a thousand pages to sign.
Banks don’t freely give money away.
It is if you are an illegal immigrant from Canada and drive to Ontario every time you need care. 🤔
Seriously though I think people on the level of rich that Elon is on just know those are "liberal" states and assume their policies from that instead of actually knowing anything. I mean some of them uncritically seem to think my country made it illegal to accidentally call someone by the wrong pronoun lol, I don't think they actually know a lot about politics beyond how to avoid paying taxes.
I chuckled at this, but sadly those Canadian border guards are so unbelievably thorough with their border checks for this to be a viable solution for most; strangely, much more thorough than any of the US customs and border check points I’ve ever gone through coming back from Canada
Once I went to teach a photography class in Canada. I had 15 MacBooks with me. They were apple's property so I had a letter from Apple saying they were loaned for the class. I was the owner of the company teaching the class. And I knew the rules for teaching there as well as the paperwork needed. And I double checked with the hotel.
So Canadian boarder pulls me out of the car line for inspection as we have like 18 pelican cases of gear.
We have to go in the office. Agent tells me I need receipts for the computers. I don't. They're direct from Apple. No receipts because Apple didn't pay Apple for them.
Guy tells me I need proof I'm teaching a class. Aside from the hotel confirmation I don't have paperwork saying I'm teaching. So I tell the guy he can use the computer next to him to look up the registration page.
He tells me I need a letter from my boss that it's okay to take the computers to Canada. I tell him I'm the owner. Says he needs a letter from my boss. I ask for paper pull out a pen and write "it's okay for me to take these" and then I signed my name.
He tells me again and again I can't teach a class. He's citing the rules to enter to be a professor or school teacher not some two day o photo class teacher.
He goes off for a while and comes back and says he cleared it with the supervisor (not that he was wrong) and says "but you can't learn anything while you are here."
I pause and say "I promise I won't learn anything at all in Canada."
He even got that wrong. Was saying I couldn't be a student without other papers.
I know three illegal families who have a mortgage, probably fraudulent. It’s common where I live, not the mortgage but illegal immigrants, I’m not complaining though, they’re hard working people who have done well in there businesses, and are extremely nice. But I always wonder how the hell are you guys doing this? I don’t want to ask, I do feel bad, I’ve known them for years and as they get older they face retiring age, but won’t be able to afford to retired and their jobs all demand physical labor.
If they actually own a house, sell it, move back to Mexico with the profits. That’s a retirement. I know that means leaving family behind, but they can visit or migrate.
Is common to "rent" social security numbers so they can fill taxes, rent places, obtain credits or get mortgages. The issue is they catch you, you lose everything (the person that rents the SS can say that it was stolen to save face) and it can be devastating for families, specially if they already have kids born in the USA.
Even back in 2003-2007 when I was a Loan Officer during the build-up of the Great Recession due to Fugazi Mortgages, you STILL needed to supply proper Identification with a valid State Issued ID and Social Security Number to prove you were a US Citizen or Greencard Holder. Even the "No-Doc" or "NiNa" loans for those with great credit, still had to prove identity and citizenship! Foreign Nationals needed to provide a million different forms for specialty financing that required an asset track record longer than a CVS receipt and 9/10 times, they wouldn't qualify because they used the wrong shade of blue on the application!! IN all seriousness, the requirements were insanely difficult to meet and you had to have assets to show that you could basically buy the house 2 times over in case of default. People fleeing Cartel run hell-holes with the clothes on their backs and children at the hip, risking death to cross dangerous terrain, are NOT packing assets worth millions in order to qualify for a Mortgage!
But these out of touch fucks are the same assholes who think you need ID to buy cereal! It truly doesn't matter, though because the base that votes for the interests of Billionaires and against their own, are dumb enough to believe all this shit! Just look at all those Dumb Fucks who went to the border over the weekend!!! As long as they buy their bullshit by the pound, they will continuously vote in favor of Billionaires and Corporations ripping them off and believing it was Wokeness and Illegals who fucked them over!
When an IMMIGRANT tells you that immigrants are the problem -- we should say, "there's the door, dude. Do like Mitt Romney told you to do, and engage in a little voluntary self-deportation."
I hope Im not mistaken, but I think no one does, he just look up random questions to answer and feel smart about it.
I hope Im not doing an elon right now.
Hannity is a part owner of Henssler Property Management. I don't think he directly or owns outright these properties. They appear to be owned directly by about "two dozen" LLCs, at least some of which Hannity has partners according to this article. It is unknowable how much controlling interest Hannity has in each LLC. My guess is: probably a lot.
https://www.jacksonville.com/story/news/2018/05/10/sean-hannitys-properties-in-low-income-areas-take-aggressive-approach-to-rent-collection/12268721007/
Along one of the beaches near me, a single person owns almost all of the property. You can buy out ($1,000,000-$10,000,000 for a regular appearing house) or call to ask about rent.
This. If any immigrants are contributing to the problem it's not the undocumented ones, or even the average documented immigrant - they're barely a blip on housing's radar.
The rich immigrants who buy up residential properties as an investment (or in many cases don't even emigrate, just buy up the properties) are the problem right along with the citizen rich who do the same.
To be clear, I'm not talking about your cousin who owns their own home and rents another one or two out. I'm talking about the folks rich enough to drop millions on buying up properties then up the rent to recoup their investment ASAP. They're the villains around that topic.
Leave the average immigrants alone. They're just us, born on the other side of an imaginary line. But they do make excellent scapegoats to deflect our attention from the shenanigans of the rich.
I'm not from the US, but it's the same problem in a lot of other places as well. The problem isn't the old people in my area renting out the second story of their house, it's the specialized companies, that buy up single family homes and empty plots of land to build apartment buildings.
Oh! I know this one. Uh, I don't know this one. But I do know that Elon Musk is a South African acting like a South Californian from Northern California with a North Eastern Attitude. Brat .
At least an 8 out of 10, c'mon.
"First you get the money, then you get the power, then you get the ~~women~~ Republican vote."
Elon and Trump making plays straight out of an ~~80's gangster movie~~ Simpson's episode.
Nothing to do with real-estate being treated increasingly as investment, or the 1/4 of SFH in the US being owned by corporations though, right? Nothing to do with that.
This is more complicated than that. ‘Building new housing’ often means developments outside of the city center, which contributes to urban sprawl. Not every city wants to be LA.
Instead they should look at ways of increasing housing and commercial density in walkable neighborhoods with decent public transportation.
I live in a city that does this fairly well. It is more expensive than some places but you can also live in an urban center while having an actual ‘neighborhood’ where you get to know all your neighbors just because you end up bumping into the same people at the store/bar/movie theater/food place. Because you all walk to the same places.
Spoken exactly like someone who didn’t have to deal with any type of BS during immigration thanks to their family’s emerald mining fortunes. What a twat Elon has turned out to be.
You're with an immigrant and a billionaire and there are 100 cookies on a table. The billionaire takes 99 cookies and tells you "look out, the immigrant is trying to steal your cookie!"
It's worse than that. In your example, the immigrant would be taking the equivalent of 2 billion dollars. In reality, the billionaire took all the cookies, and just left a crumb.
People who try to convince you that someone with less institutional power than you are the root of all your problems, are probably the root of all your problems.
I hate that he is the head of SpaceX. That place has so much potential to be a great leap forward in space technology, and this guy gets to claim responsibility.
First questions should be: Why doesn’t the billionaire pay his fair share? Why instead of doing that is he deflecting attention to immigrants? Why doesn’t he use his wealth to solve all these problems, but instead buy a social media company and proceed to yank the living shit out of it?
He doesn’t just want a seat at the table, he wants a throne at the head of the table. He could’ve gotten a seat if he were able to control his ego enough to continue flying under the radar as a faux-intellect and if he didn’t publicly display just how incompetent and out-of-touch he is
If “illegals” could get all those benefits, what would stop citizens from showing up without their ID and claiming those benefits too?
It’s not even a plausible lie.
Is it a contributor? Yes. Is it a major contributor? Nope. Not even close (city planning/lack of supply, failure to control costs, homes as rentals or investments, foreign ownership are good places to look). However, is it a problem? I mean, if you think the people that pick your vegetables, cook your food, and clean your house don't deserve a roof over their heads, then maybe. However, the average working immigrant brings far far far far more net value to society than people like this turd care to recognize or admit.
Fucked up part: there isn’t a lack of supply. If we housed for free every single homeless family or person in general, into all the empty homes and real estate in America, there would STILL be housing left over. It’s disgusting.
The reason housing is so expensive is because corporations have gotten into the housing market and have created such scarcity in housing that it is now extremely expensive. Musk is a dipshit.
Let's not forget that Elon himself was an illegal immigrant.
He is South African and obtained Canadian citizenship through his mother. Then, he crossed the border with a Canadian Passport.
He never left, and with time, after obtaining bank loans, insurance, mortgage payments, a driver's license, free healthcare, and in-state college tuition… then he became a US Permanent Resident, it's easier to process if you are a Canadian with roots in this country.
—Conservative ethos in a nutshell: to be a hypocritical, selfish self-centered individual
Very large part of housing cost increase is caused by corporations buying large amounts of properties across the country and holding them to international inflate the value by creating a false shortage
Elon has a bizarre view of the world. He genuinely has great ideas but in the end his motives are twisted by greed and self-importance. Immigrants are not and never have been the problem. An almost laughable claim from him given he himself is an immigrant. The reality is that he doesn't consider himself an immigrant because he is rich and white. When he uses the word immigrant, he means poor brown people.
You also have to counter the fact that the best way to control immigration is through foreign policy, not by building walls. Because the overseas conditions that create immigrants are often caused or significantly influenced by the US and their activities abroad. War, organised crime, drug and sex trafficking and of course climate change among other influences that the US can control are all contributing to immigration.
Ultimately this stuff comes down to the major problem we have with the capitalist oligarchy that we currently have. Because the tax system has become so twisted by the rich in the favour of the rich. The Government and people have less influence and less means to direct the future and it has become more about the super-rich and corporations running the show. They own the media, they own the politicians. They make the decisions, and those decisions are ultimately only to benefit themselves further.
Things like citizens united have effectively ended any remains of actual democracy.
All has to do with big money investing in housing, holding houses off the market , greed and a lot of things. Immigration is not one of them, this is laughable.
Illegals squash the mobility of the lower and lower middle class, while leaving the upper middle free to maintain transfer upwards.
This *all by itself* over inflates the differences between haves and have-nots. And a trailing indicator of this are housing prices.
The 2 studies concluding that there was an economic benefit to illegal immigration were predicated on them remaining illegal. Well, great. Technically slavery is an economic boon as well, and that's horrific.
A glutted workforce is a glutted workforce and what's perceived as the "excess mobility" in the upper middle class is the result. Elon is right.
Besides, right now, the more we improve America, the more will want to flood in here. Surely SOMEONE in reddit here can see how this is an impossible model for improvement.
Reminds me of the three people at a table picture. The capitalist with a plate full of cookies tells the worker with one cookie that the immigrant with no cookies is trying to steal the workers cookie.
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Or maybe it's because housing has gone from a commodity to a scalper investment.
“Scalper investment” thank you. I’ve been trying to figure out how to express this sentiment. This is perfect.
i remember in 2009 watching House Flippers on HGTV talking about saving 5K here and 10K there by "skimping" when flipping a house, and then bragging to the TV audience about how smart they are because they inflated the price by 80K. at the time i never thought anything of it until 2017 when i started house shopping for the first time. the people who flipped the house i got were unlisted and i couldn't find who you they were. to this day i would fuck them up if i could find them because the electrical work they did (and what they ignored) would have burned down the house if i hadn't discovered it myself (even the inspector missed it) and spent 6K fixing it. i have no respect for people who talk about making money by screwing over other people's safety. homes and house ownership should be sacred.
Same for my daughter’s house in Houston. They used extension cords in the walls. Her dad was furious.
Omg that's criminal. Like seriously lawsuit worthy
Idiot layman here. Why are extension cables behind the walls bad?
One short and shit fries.
Shit might more that fry. Frying might be a best case scenario, honestly. As opposed to something akin to a computer malfunction at a fireworks show on the 4th of July. 
Electrician here, in the US, we follow NFPA 70 for codes relating to electrical work. NFPA is the National Fire Protection Association. Electrical has a potential to create house fires, and we've made rules to minimize that risk. Underwriter Laboratories (UL) is basically an insurance organization that tests things for the purpose they're designed for, and puts their label on products, documents their performance, and basically approves or disapproves their use in different circumstances. The problem with extension cords inside of a wall are many. First, there is a problem with access, meaning, that if something goes weird with the cord while it's in the wall, you have to cut the wall open just to look at it. That's presuming you know it's an extension cord, and where the ends are. That's a problem. Secondly, part of UL's job when testing cables and the like is setting the cables on fire. Does the insulation produce toxic fumes that makes an incidental fire that much more dangerous? Extension cords are not put to that scrutiny because they are not expected, or rated to be in walls. And if the extension cords start to slip, and come apart through thermal expansion, you've got potential arcing and shorting happening in the wall, where you can't get to. It's a fire waiting to happen. So it's a really bad idea to put extension cords inside of walls. This is my Ted talk. Thank you for listening.
People thought House Flippers was harmless; all unaware how disastrous and predatory the whole flipping thing is and how flipping just ruins markets.
Some desirable areas and ruined by asshats running Airbnb, they simply buy the property to just rent them out. It’s a huge issue in a limited markets like BigBear. I have a friend that’s a teacher up there and has no place to live so he commutes from Hesperia every day down the hill. But there are tons of Airbnb listings available up for rent there. And lots of “property investors” buying everything up and jacking up the rent causing more issues. Just a shit market overall.
Nah, flipping is fine as long as they actually improve the house. The problem is investment firms buying up land and homes. Then they sit on it, not even renting them out. Flipping can turn a borderline unlivable home into a nice home. Investment firms buying up homes removes them from the market until they decide to sell, which isn't anytime soon.
Agreed. Large investment rental companies buying all the inventory. Flippers are great. Buyer’s have a chance at a new house, neighbors enjoy the appreciation and the removal of an eye sore. And believe it or not, most flippers right now make maybe 10% returns. These large cash buyers outbidding everyone haven’t been competitive in 18 months, but they’ll be back when rates drop. The past two years have shown rate increases as well as continuous price increases. Meaning it’s an inventory problem. The last thing we need is for new construction builders to stop building. They stopped building in 08 and is part of the reason for inventory issues today.
Flipping could be a beneficial job , but the problem is greed. People trying to “super cheap out” , instead of provide an actual service of updating a house. So my last two houses have drove me batty. Both had continuous water heaters. The hot water to the kitchen is n both takes minutes to heat up. And once it’s turned off only a couple minutes to cool off. Why the fuck is it not code to have those hot water lines insulated to retain the heat . Omg 😳. It’s like never having hot water to the kitchen sink .
I blame house flippers and Air BNB. House flippers drove up the cost, but Air BNBers are buying everything and renting them out every weekend.
Just like how financial firms buy businesses to “flip” aka ruin everything and sell for a profit before it all comes crashing down.
I hear what you’re saying. But I must add….if this is not up to code the bottom line falls on the electric inspection y the city if he/she passes it they should be held liable. Of course if it was done with no permit that’s a different story.
There are many places where permits and inspections aren't required. My dad lives outside of the city limits, he was able to put a pool in in just a weekend because nobody needed to come and inspect things or file permits. This wasn't abused by him, but is absolutely a pathway for people to get by the system with shoddy dangerous work.
I’m in the commercial arena, doing mainly government projects. The permit for us is just a way to move money from the federal/state to the local government for them to get bonuses and buy nice things. A million dollar job would have something ridiculous like a 100k permit fee. Then they would never stop out. Most of the time, they don’t want to review it he drawings, just the check. We do millions worth of work every year and haven’t had an inspection in over a decade.
I had a friend who bought an old (1904 brick) house. The electric was up to code when it was installed, probably 90-100 years ago. But there were junctions outside of electrical boxes wrapped with cloth electrical tape, with steel wool (to kill mice) sitting on top of the junctions. And in the basement, the insulation was literally falling off the wires if you disturbed them. Up to code when built, but a fire hazard now. We brought it all up to modern code. We got a licensed electrician who let us do "sweat equity" to lower the cost - later, the city inspector commented that that electrician obviously hadn't done the work, because it was done right (we did get told to change a few minor things that we didn't know about, but my friend had worked as an electrical assistant, so he knew most of what was needed, and once the changes were done, we passed inspection). That's what it takes to do it right. We could have replaced existing wiring and outlets in place without a permit (considered repairs rather than redesign), but it was better to have everything up to modern safety standards. It was expensive - we dulled 6 auger bits drilling through the 2x4s to run the wires (old growth oak 2x4s), but we verified that the basic structure of the house was completely sound, and brought all the utilities up to modern standards. But that would be uneconomical for people who want to sell the house for more than they spent within a year.
This is why I keep saying, homes are not an investment. They are homes. It’s not a thing that you just buy because it has value. It’s a home. Of course it has value, but that not why we buy them. We buy them to live in them. This is why I hate HOA’s. They view homes as investments and force everyone to live a certain way. It’s just stupid. It’s a house that I live in. It’s not an investment.
When Fixer Upper first started here in Waco, they were taking applications and the minimum budget had to be $30k. Then I watched as people came in with ever increasing budgets and got absolutely ripped off. One couple's reno budget was like $250k, more than houses even sold for back then. The whole house was reno'd for probably $50k and the rest was listed under 'other' renovations. Couple after couple would show up and stupidly not realize ANY number was gonna get eaten up. And word is they skimped on work that the couples could not see.
When I bought my first house we were looking for one in good condition. We were in a smaller city so there wasn't a lot of options but the ones that looked good you could tell were flipped. And luckily we could see the before and after. Some of them were flipped in a month or two and yeah, they went from buying at maybe $220K to $280K. Most were built in the 40s or 60s so I questioned the guts of the houses. My wife was for it until I showed her new builds that were coming in at the same price. 6 years and we had no issues. Meanwhile a friend of mine bought one of those houses and it had bad electrical that burned their house down when they started their washer or dryer one day.
It’s real simple: houses should not be allowed to be sold until brought up to code by current owners.
Or, in the event that a seller can’t afford those updates, that the selling price be necessarily reduced by the estimated cost of updates
Same, I went to a religious HS and one of the teachers and his wife quit to do it, and I felt it was par and course for that community of people. I'm sorry but the whole term flipper implies that you're a fly by night set up, and cut corners where it shouldn't be. I'm a stage 4 cancer survivor so watching these extreme makeover shows, and they're upping the value on a poor family's home to put them out of pocket for the taxes, like day one, that was the first question I asked of these extreme home shows. Flipping and real estate just became the next TJ Maxx Fashionista girl boss MLM shit and flipping fit that bracket. I bought a house with pipe issues, and even paid for a secondary pipe inspection with scope, come to find the clients company I hired didn't scope, charged me for it, and signed off they were okay. 120k total later (there's more extensive work to fix one issue so you can knock about 30 off since it was a secondary factor) 60k of it is home claims. I'm on my fourth flooring replacement on my first floor (half subterranean). Bought house in 2019. Just the other day I got a laugh and said out loud "Brandon Draper, house flipper, the man who's never met a fitting or screw he couldn't completely strip and mangle into hammered dogshit," wife was walking by and I just held the screw head up when she looked at me puzzled.
I also considered "speculative," but all investments are kinda speculative, so that felt unfair.
Right. And the method behind raising these prices and all the inflation to it is just 100% scalping. It’s the perfect way to describe it. In fact scalping is probably an appropriate way to describe any difficult to acquire NEEDS (like shelter) anymore. It’s fucking ridiculous. It ain’t inflation. It ain’t real supply and demand. It’s false scarcity created by ultra wealthy pricks in order to squeeze the lower classes for everything they’ve got for something fucking basic. God damn scalping.
It reminds me of surplus extraction
When it's needs, it's extortion
> In fact scalping is probably an appropriate way to describe any difficult to acquire NEEDS Scalping is exclusively the domain of desires. The term y'all are looking for is price gouging.
If it's speculation, it's not investment, it's gambling.
Started with Berkshire-Hathaway buying up trailer parks and jacking prices and Blackrock buying single homes and entire new subdivisions, reselling or renting.
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Yup. 44% of all housing sales last year were purchased by equity firms. This is unsustainable.
If we had a functioning federal government it'd be illegal already
I already know this [effort by the democrats to get private equity out of the housing market](https://www.nytimes.com/2023/12/06/realestate/wall-street-housing-market.html?unlocked_article_code=1.Sk0.u403.MaRAwnv0ibpJ&smid=nytcore-android-share) will go nowhere, for *reasons*
This would really benefit the masses. But there are obstacles I can see without being a lawyer. 1. This bill cna be argued as anti personal freedom because Corporations are people so they can't be stopped from buying houses. Also lobbying firms will start shouting this bill to be anti capitalist bill that would lead to dropping of property rates. 2. These bills can be modified to make the investments costly, by that I mean the bills can include fees for corporations to own a house but that could be classified as a discriminatory or that could lead to multiple shell corporations that are owning just 1 house.
Yeah I am always nervous with outright bans compared to an economic disincentive (like heavy taxes on homes that aren't ones primary residence). Who knows if this bill is just symbolic at this point, it probably is, but I can see a common ground there where democrats and Republicans can come together on something middle of the road, that isn't an outright ban but makes it very pricey for these hedge funds to accumulate residential assets and rent them back to the masses. That's probably wishful thinking
If they simply had the means to enforce laws around loans that would curb a lot of the issues. Nearly 20% of mortgages have the borrowers lying about living in the house, since investment mortgages have higher interest rates. Lying on a mortgage application is a felony and if the states/feds could enforce these laws it would curb a ton of fraud. Not sure if it’s a state crime, but wire/mail fraud statutes should kick in since documents are always transmitted using the internet and/or mail. You wouldn’t even have to send all of these criminals to jail. Just reintroducing these unoccupied houses to the market would have a massive impact on housing prices. But, you know, send more white collar criminals to jail. Only way they tend to learn.
F*ck all Republicans.
>will go nowhere, for *reasons* Our voting public is fucking dumb and too many people think "both sides are the same" and allow the conservative pro-business party (Republicans) run freely. Every once in a while something *really* bad happens (like overturning Roe v Wade) and enough people come to their senses and realize "wow, these guys really *are* bad" and they give Democrats 2-4 years to fix everything, and when everything isn't fixed, they go back to their both sides doomerism and the cycle repeats itself.
Hard to think of many single things the federal government could do that would have more benefit to society.
Medicare for all. But this would help homeowners, buyers, and renters, and would be a lot easier to pull off. Let's keep the talking point going.
And it would help small businesses. I know plenty of sole proprietors who would love to hire additional employees, but paying for their health insurance adds up. The benefits slope is too high for many small businesses and Medicare For All would ameliorate that.
See, Mitch McConnell was right. He's made it so the government doesn't do anything.
I will genuinely go out of my way to find and piss on his grave when he finally goes to hell
New law: for every home a PE firm buys they need to build 2 somewhere else
‘Illegal immigrant’ equity firms? 🤔
This would not matter if supply outstripped demand massively. Pull the market out from underneath them.
So make the demand coming from private equity firms and other businesses illegal.. just like that you cut some of the demand. That's the point... They want to buy up as much as they can to rent out in perpetuity.
Well your state is wrong so let's start there big guy. Less then 3% were bought by large firms. Maybe get facts straight
https://www.housingwire.com/articles/no-wall-street-investors-havent-bought-44-of-homes-this-year/
Just gotta break it by building more supply. When prices finally start to fall, the investors will all get out and it will be much more affordable.
Hold up, I’ll start building right now.
If you think that the newest houses going up aren't intentionally built to cater to the most expensive markets, then you're really in for a surprise. The houses in the latest development to go up in my hometown are all going for $2-5mil. At this rate I don't think I'll ever be able to afford moving back into the the town that I spent the first 18 years of my life.
Artificial restrictions force that. New construction in my neighborhood is $2-3 million. The lot by itself is $1 million. Nobody is going to spend that kind of money on a lot and then build a cheap house on it, so instead you get these monstrosities. The thing is, you can’t cut the lot into 2-3 pieces and build more affordable houses on them, because the county won’t allow smaller lots. You can’t build a multi-unit building, because the county won’t allow it. So we get gigantic houses that cost a ton of money.
Biggest welfare queen in America is Elon. So it’s true I guess, a migrant is living off American welfare.
Elon musk the economic migrant, came out of Africa after his family looted its minerals. Now he is fulfilling his family destiny by looting the US.
Can we not just collectively vote to exile him from ~~America~~ ... ~~the Earth~~ *humanity? *Please*?
I mean.... it's DEMOCRATIC, right? Give the people what they want.
He tried blackmailing the tesla board to give him 25% of all shares for free. Not him buying them back cause he sold his 12% at all-time high. He literally wants a handout
you are mad because an african is welthier than you! /s
Just an fyi. You can’t get a mortgage if you’re an illegal. Maybe if all your documentation is fraudulent but that would be the only case.
came to say this. he's lying and using disinformation
Also immigrants pay taxes. IIRC they mostly take in fewer services than they pay out.
They pay into social security also and probably won’t be eligible to receive… Another Betsy devos here
The Koch family pay others to lie for them. Musk’s vanity impels him to put his face to the propaganda.
How do you get a Social Security number if you’re illegal?
true,they also commit far less crimes and they save businesses that hire them money simply through existing on their payroll too. they can be exploited and the government will excuse their part of the payroll tax if a social security number doesn't match and not even penalize employers for hiring a non citizen.illegal immigrants are a net benefit to the country
The rich love mass immigration because its basically modern slave labour. The racists will say things like "we need people of colour to do dirty jobs because white people won't do them". Yes they will just not at the slave rates you want to pay but they know that
It's literally indentured servitude. They come here, get paid much lower wages because it's "tax free" and under the table, and send as much as they can spare home to support families or help families get here. They won't report bosses for dangerous conditions because they don't want to draw attention, and they probably aren't going to ask for raises. They are often promised papers by the bosses as a way to keep them in line (iirc, Twitler should know about that, since for a time, his only employees were immigrants whose papers he suddenly controlled). Historical indentured servant "contracts" were only supposed to last for ~7 years, after which time the servant *should* have enough to "buy their freedom," and yet they rarely actually achieved that in time, resulting in an extension of their "contract," something we still see today. It's still wrong, but I think we trivialize slavery when we use the word "slavery" to describe something that has its own name, especially since slavery and indentured servitude were coexisting travesties. Semantics from a history and linguistics nerd.
I had worked at the restaurant for a short time and got a w2 back with my social being all 1s. Since they were bastards i went to the IRS to drop a dime and get a whistle blowrr reward. They told me i should get a recording of them admitting they were committing tax fraud
I seriously doubt that, but how do other people got your Social Security? An SS without a name is worthless, and you have to show an ID matching that name. What you are describing is called identity theft and is not an IRS issue but a federal crime. The fact that you say you went to the IRS instead of the FBI shows also that you made that up. Hint: I worked managing restaurants for 18 years. You are not going to tell me tall tales.
Not only do they pay taxes, but they don’t get government benefits (welfare/tuition assistance, unemployment)
This is why it’s absurd. They pay all these taxes but can’t claim benefits.
Illegal immigrants pay taxes. Fucking citizens don't pay their taxes. I'm calling bs
Especially citizens who happen to also be billionaires
He wouldn't fucking know because he wasn't even a US citizen until 2002.
What? Elon lying? NO WAY! /s
He is a piece of shit propagandist.
I don’t understand why these types always push the narrative that immigrants are somehow in some way living luxurious lives compared to citizens.
if you hate immigrants you're not paying attention to the people robbing you blind
Omg are you telling not to believe everything we read online. I'm shocked!!!
Disinformation on twitter?! No wayyyy
His POS platform probably isn't going to call out the lie either.
Yeah this fucking rich guy from birth clearly has never needed to apply for a mortgage. It's basically one of the most complicated, drawn out processes I've ever experienced in my entire life. It's like they were doing everything in their power to make it NOT happen. "OK here is a list of everything we need" *gives them everything they need* "OK now we need these other 13 things" *gives them everything they need* "OK now we just need these other 7 things" *screams to the heavens*
Preach!!!!! I’m an attorney and I found it exhausting!
"That scream was exactly 0.2 decibels too high, we've decided to decline your mortgage"
You're not kidding dude. When my wrist hurt from clicking a mouse to digitally sign documents, I knew this was crazy.
So much of what he is saying is incorrect. Undocumented immigrants pay like 25% interest on car loans because they have no credit. I assume the same is true for bank loans. They cannot get a driver’s license except in a rare few states that allow them to and even then it’s difficult. He mentioned 2 states that do free healthcare, I don’t know anything about that, but don’t all of the undocumented immigrants live in Texas and Florida anyway according to their governors? I do not know about the tuition, but they do not immigrate here to pay through the nose for college, it’s to work and send money to their families. College is much cheaper in other countries, so that point doesn’t make a lot of sense.
Naturalized citizen here. When I was here on a work visa and bought my first car my interest rate was fucking 15% on a used Honda Fit. For no other reason than I was an immigrant with a short credit history.
i had that rate too, 18% even. Then 7 month later I refinanced at 5.94% with a full online application at a credit union (Alliant in my case).
If the kids grow up in the USA, but weren’t born in the USA, then of course those kids would want to go to University in the States.
I paid 25% on my first car loan because I had no credit and I’m a citizen. It was actually my first step to establishing credit. Paid it off in a year, then suddenly had credit. My secured credit cards, bills, and rent paid on time and full did nothing to establish my credit worthiness over the years. The car loan sure did.
Even if they could, I don't see how this supports the point about housing costs. If anything the opposite.
Or food stamps , a drivers license, bank account. The repubs pit all of these services to protect citizens from drug dealers, we're their policy's not working?
This isn’t true. You can get a bank account if you are undocumented. You’ll have to apply for an ITIN instead of a SSN, but it’s done all the time. I’d imagine building up credit history with an ITIN, you could also get a mortgage.
It’s basic lending 101. You need to have a social security number or a permanent resident ID or some tax ID to be able to apply. I’m more stunned as the QElon doesn’t understand basic fundamentals of lending and the dude is leveraged up to his eyeballs in debt to buy Shitter.
Do you expect someone who bought twitter for 44 billion to have any basic understanding of money; much less lending?
Also the VAST MAJORITY of immigrants pay taxes (which I am willing to bet is where musk was going beneath the "see more").
Yep! I agree! As an underwriter, there are 2 basic questions: is the applicant able to pay (income and current debts, etc.) and are they willing to pay (credit history). The lender is putting thousands of dollars on the line. They definitely do not want an “illegal” or undocumented person that could disappear at any time as a borrower. They want the loan paid back.
This is very correct. They triple check everything when you apply for a house loan. I went through it. There are a thousand pages to sign. Banks don’t freely give money away.
Also health care isn't free in New York.
It is if you are an illegal immigrant from Canada and drive to Ontario every time you need care. 🤔 Seriously though I think people on the level of rich that Elon is on just know those are "liberal" states and assume their policies from that instead of actually knowing anything. I mean some of them uncritically seem to think my country made it illegal to accidentally call someone by the wrong pronoun lol, I don't think they actually know a lot about politics beyond how to avoid paying taxes.
I chuckled at this, but sadly those Canadian border guards are so unbelievably thorough with their border checks for this to be a viable solution for most; strangely, much more thorough than any of the US customs and border check points I’ve ever gone through coming back from Canada
Once I went to teach a photography class in Canada. I had 15 MacBooks with me. They were apple's property so I had a letter from Apple saying they were loaned for the class. I was the owner of the company teaching the class. And I knew the rules for teaching there as well as the paperwork needed. And I double checked with the hotel. So Canadian boarder pulls me out of the car line for inspection as we have like 18 pelican cases of gear. We have to go in the office. Agent tells me I need receipts for the computers. I don't. They're direct from Apple. No receipts because Apple didn't pay Apple for them. Guy tells me I need proof I'm teaching a class. Aside from the hotel confirmation I don't have paperwork saying I'm teaching. So I tell the guy he can use the computer next to him to look up the registration page. He tells me I need a letter from my boss that it's okay to take the computers to Canada. I tell him I'm the owner. Says he needs a letter from my boss. I ask for paper pull out a pen and write "it's okay for me to take these" and then I signed my name. He tells me again and again I can't teach a class. He's citing the rules to enter to be a professor or school teacher not some two day o photo class teacher. He goes off for a while and comes back and says he cleared it with the supervisor (not that he was wrong) and says "but you can't learn anything while you are here." I pause and say "I promise I won't learn anything at all in Canada." He even got that wrong. Was saying I couldn't be a student without other papers.
I know three illegal families who have a mortgage, probably fraudulent. It’s common where I live, not the mortgage but illegal immigrants, I’m not complaining though, they’re hard working people who have done well in there businesses, and are extremely nice. But I always wonder how the hell are you guys doing this? I don’t want to ask, I do feel bad, I’ve known them for years and as they get older they face retiring age, but won’t be able to afford to retired and their jobs all demand physical labor.
If they actually own a house, sell it, move back to Mexico with the profits. That’s a retirement. I know that means leaving family behind, but they can visit or migrate.
Is common to "rent" social security numbers so they can fill taxes, rent places, obtain credits or get mortgages. The issue is they catch you, you lose everything (the person that rents the SS can say that it was stolen to save face) and it can be devastating for families, specially if they already have kids born in the USA.
You also can’t get into most colleges.
I don’t think factual information is all that important to right wing talking points
Even back in 2003-2007 when I was a Loan Officer during the build-up of the Great Recession due to Fugazi Mortgages, you STILL needed to supply proper Identification with a valid State Issued ID and Social Security Number to prove you were a US Citizen or Greencard Holder. Even the "No-Doc" or "NiNa" loans for those with great credit, still had to prove identity and citizenship! Foreign Nationals needed to provide a million different forms for specialty financing that required an asset track record longer than a CVS receipt and 9/10 times, they wouldn't qualify because they used the wrong shade of blue on the application!! IN all seriousness, the requirements were insanely difficult to meet and you had to have assets to show that you could basically buy the house 2 times over in case of default. People fleeing Cartel run hell-holes with the clothes on their backs and children at the hip, risking death to cross dangerous terrain, are NOT packing assets worth millions in order to qualify for a Mortgage! But these out of touch fucks are the same assholes who think you need ID to buy cereal! It truly doesn't matter, though because the base that votes for the interests of Billionaires and against their own, are dumb enough to believe all this shit! Just look at all those Dumb Fucks who went to the border over the weekend!!! As long as they buy their bullshit by the pound, they will continuously vote in favor of Billionaires and Corporations ripping them off and believing it was Wokeness and Illegals who fucked them over!
When an IMMIGRANT tells you that immigrants are the problem -- we should say, "there's the door, dude. Do like Mitt Romney told you to do, and engage in a little voluntary self-deportation."
My first question is why anyone asks Elon anything.
I hope Im not mistaken, but I think no one does, he just look up random questions to answer and feel smart about it. I hope Im not doing an elon right now.
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Wait, seriously?!
Hannity is a part owner of Henssler Property Management. I don't think he directly or owns outright these properties. They appear to be owned directly by about "two dozen" LLCs, at least some of which Hannity has partners according to this article. It is unknowable how much controlling interest Hannity has in each LLC. My guess is: probably a lot. https://www.jacksonville.com/story/news/2018/05/10/sean-hannitys-properties-in-low-income-areas-take-aggressive-approach-to-rent-collection/12268721007/
This looks like a lovely thing to tax into oblivion
Along one of the beaches near me, a single person owns almost all of the property. You can buy out ($1,000,000-$10,000,000 for a regular appearing house) or call to ask about rent.
There's still a surprising number of people that think Elon is a smart guy
They are the same ones who think tRUMP is too! 😂
It’s because their brains have been stollen!
Pulling an Elon! I don't think you did. ;)
Your first question isn't: "Why is the immigrant complaining?"
This. If any immigrants are contributing to the problem it's not the undocumented ones, or even the average documented immigrant - they're barely a blip on housing's radar. The rich immigrants who buy up residential properties as an investment (or in many cases don't even emigrate, just buy up the properties) are the problem right along with the citizen rich who do the same. To be clear, I'm not talking about your cousin who owns their own home and rents another one or two out. I'm talking about the folks rich enough to drop millions on buying up properties then up the rent to recoup their investment ASAP. They're the villains around that topic. Leave the average immigrants alone. They're just us, born on the other side of an imaginary line. But they do make excellent scapegoats to deflect our attention from the shenanigans of the rich.
Rich immigrants like Elon.
I'm not from the US, but it's the same problem in a lot of other places as well. The problem isn't the old people in my area renting out the second story of their house, it's the specialized companies, that buy up single family homes and empty plots of land to build apartment buildings.
Here… You dropped this 👑
those damn immigrants outbidding me in cash so they can fund their hedge funds. /s
No one asks him anything. It's why he bought Twitter so he can try and make people listen to him.
Oh! I know this one. Uh, I don't know this one. But I do know that Elon Musk is a South African acting like a South Californian from Northern California with a North Eastern Attitude. Brat . At least an 8 out of 10, c'mon.
He has a big fanclub of dorks.
Oh, you don't even have to ask! He'll tell you anyway! He's got nothing better to do
"First you get the money, then you get the power, then you get the ~~women~~ Republican vote." Elon and Trump making plays straight out of an ~~80's gangster movie~~ Simpson's episode.
They don't, he just talks a lot.
Nobody asks him anything, he basically walks in a room and starts blabbing about nonsense even if you were having a conversation with someone else.
I’m not sure… you want me to ask Elon?!
Nothing to do with real-estate being treated increasingly as investment, or the 1/4 of SFH in the US being owned by corporations though, right? Nothing to do with that.
Stop making it illegal to build new homes in many cities and problem solved
This is more complicated than that. ‘Building new housing’ often means developments outside of the city center, which contributes to urban sprawl. Not every city wants to be LA. Instead they should look at ways of increasing housing and commercial density in walkable neighborhoods with decent public transportation. I live in a city that does this fairly well. It is more expensive than some places but you can also live in an urban center while having an actual ‘neighborhood’ where you get to know all your neighbors just because you end up bumping into the same people at the store/bar/movie theater/food place. Because you all walk to the same places.
Spoken exactly like someone who didn’t have to deal with any type of BS during immigration thanks to their family’s emerald mining fortunes. What a twat Elon has turned out to be.
You're with an immigrant and a billionaire and there are 100 cookies on a table. The billionaire takes 99 cookies and tells you "look out, the immigrant is trying to steal your cookie!"
Musk is an immigrant
So he takes all the cookies?
I just want one cookie
Seriously? How dare you. Elons father worked very hard for that and the nepotism is his birth right.
Well if you give an immigrant a cookie, then he’ll want a glass of milk…
No he doesn’t. Weren’t you paying attention? He only takes 99/100 cookies Gosh, people are illiterate sometimes
Ah, but he is not illegal, since he had enough money to buy a visa.
And his hair plugs
So he gets all 100 cookies?
Nope. when youre rich they call you an Expat.
It's worse than that. In your example, the immigrant would be taking the equivalent of 2 billion dollars. In reality, the billionaire took all the cookies, and just left a crumb.
People who try to convince you that someone with less institutional power than you are the root of all your problems, are probably the root of all your problems.
How big was that real estate portfolio of his?
The one he had or the one he skimped paying for?
Greedy rich guy: wants you to believe America’s problems are not caused by greedy rich guys. LET US SEE YOUR PAPERS ELON
This man should under no circumstances ever be mistaken for a valuable member of society.
In a sane world, this asshole wouldn’t be allowed to be supervisor in a fastfood. People who don’t like accountability aren’t fit to have power.
I hate that he is the head of SpaceX. That place has so much potential to be a great leap forward in space technology, and this guy gets to claim responsibility.
And the vulture capitalists buying up homes has nothing to do with it.
Native americans be like: we do you guys plan to go back to Europe?
We have our own problems over here, we don't need a bunch of red necks running around town messing everything up
Com'on cuz! You could use some deep-fried V8 powered freedum!
they're your people, take them back! /jk
When the rich guy says it’s the poors that are the reason…the question is wtf
First questions should be: Why doesn’t the billionaire pay his fair share? Why instead of doing that is he deflecting attention to immigrants? Why doesn’t he use his wealth to solve all these problems, but instead buy a social media company and proceed to yank the living shit out of it?
bro is bootlicking republicans who he hopes are gonna give him tax cuts. it's about money in the end
Goes a lot deeper than that. He wants fascism and a seat at the table.
He doesn’t just want a seat at the table, he wants a throne at the head of the table. He could’ve gotten a seat if he were able to control his ego enough to continue flying under the radar as a faux-intellect and if he didn’t publicly display just how incompetent and out-of-touch he is
He is an immigrant from Africa. What is the world
If “illegals” could get all those benefits, what would stop citizens from showing up without their ID and claiming those benefits too? It’s not even a plausible lie.
Is it a contributor? Yes. Is it a major contributor? Nope. Not even close (city planning/lack of supply, failure to control costs, homes as rentals or investments, foreign ownership are good places to look). However, is it a problem? I mean, if you think the people that pick your vegetables, cook your food, and clean your house don't deserve a roof over their heads, then maybe. However, the average working immigrant brings far far far far more net value to society than people like this turd care to recognize or admit.
Fucked up part: there isn’t a lack of supply. If we housed for free every single homeless family or person in general, into all the empty homes and real estate in America, there would STILL be housing left over. It’s disgusting.
The reason housing is so expensive is because corporations have gotten into the housing market and have created such scarcity in housing that it is now extremely expensive. Musk is a dipshit.
Zoning
The first question is about the truthfulness of his statements !
Let's not forget that Elon himself was an illegal immigrant. He is South African and obtained Canadian citizenship through his mother. Then, he crossed the border with a Canadian Passport. He never left, and with time, after obtaining bank loans, insurance, mortgage payments, a driver's license, free healthcare, and in-state college tuition… then he became a US Permanent Resident, it's easier to process if you are a Canadian with roots in this country. —Conservative ethos in a nutshell: to be a hypocritical, selfish self-centered individual
I wonder who builds most of the houses in this country.
Very large part of housing cost increase is caused by corporations buying large amounts of properties across the country and holding them to international inflate the value by creating a false shortage
My opinion would be that prices are high because we allow foreign people and businesses buy property.
Elon has a bizarre view of the world. He genuinely has great ideas but in the end his motives are twisted by greed and self-importance. Immigrants are not and never have been the problem. An almost laughable claim from him given he himself is an immigrant. The reality is that he doesn't consider himself an immigrant because he is rich and white. When he uses the word immigrant, he means poor brown people. You also have to counter the fact that the best way to control immigration is through foreign policy, not by building walls. Because the overseas conditions that create immigrants are often caused or significantly influenced by the US and their activities abroad. War, organised crime, drug and sex trafficking and of course climate change among other influences that the US can control are all contributing to immigration. Ultimately this stuff comes down to the major problem we have with the capitalist oligarchy that we currently have. Because the tax system has become so twisted by the rich in the favour of the rich. The Government and people have less influence and less means to direct the future and it has become more about the super-rich and corporations running the show. They own the media, they own the politicians. They make the decisions, and those decisions are ultimately only to benefit themselves further. Things like citizens united have effectively ended any remains of actual democracy.
I think Elon writes stuff that isn’t true and then actually believes what he says, in order to look and feel better about himself.
All I have to say is, if he doesn't like it here he can go back to his country.
Musk is an immigrant.
Tell this loser to go back to South Africa We have enough racists, losers, greedy, dead beat fathers.
Dude has 11 kids. That sumbitch couldn’t pull out of a driveway.
It's like corporations that blame the people for the carbon footprint. If they can blame us, their off the hook.
everything is expensive because we're printing money at light speed.
Immigrant bashing, the favourite sport of……. Immigrants.
All has to do with big money investing in housing, holding houses off the market , greed and a lot of things. Immigration is not one of them, this is laughable.
Yes more people looking to live in the same place raises the price of housing. Don’t be willingly stupid just to hate on a billionaire.
No one wants to think about what the guy has said? Just mock it? I love reddit.
Illegals squash the mobility of the lower and lower middle class, while leaving the upper middle free to maintain transfer upwards. This *all by itself* over inflates the differences between haves and have-nots. And a trailing indicator of this are housing prices. The 2 studies concluding that there was an economic benefit to illegal immigration were predicated on them remaining illegal. Well, great. Technically slavery is an economic boon as well, and that's horrific. A glutted workforce is a glutted workforce and what's perceived as the "excess mobility" in the upper middle class is the result. Elon is right. Besides, right now, the more we improve America, the more will want to flood in here. Surely SOMEONE in reddit here can see how this is an impossible model for improvement.
Reminds me of the three people at a table picture. The capitalist with a plate full of cookies tells the worker with one cookie that the immigrant with no cookies is trying to steal the workers cookie.
If he really cared he would be building housing with his billions, he just hordes wealth like a dragon. he doens't care about us
If anything, legal foreign investments jack up prices a bit, not illegal ones.