ron_paulite

Housing's Big Picture Isn't Pretty

Actually, the USA does not have an immigration policy per se.
Unlike Canada, Australia and New Zealand, you can go to the US Embassy and fill in some forms to apply to immigrate to the US.
Percentage wise, immigration to the US is much lesser than Canada, Australia and New Zealand, and maybe some countries in Europe.

I don't understand why everybody keeps saying America is still a land of immigrants, when it is so very difficult to immigrate to the US nowadays.


On May 24 01:58 PM carey_jim wrote:

> America is still a land of immigrants.
>
> A least a hundred million Chinese would buy homes in America if the
> Chinese Yuan rose to parity with the dollar.
>
> Using an Indian term ironically, (Karma) it might be that there is
> so much negative Karma from stealing America from the Native Americans
> that Lord Shiva will extract a heavier economic price than we Americans
> expect by sending their racial cousins, the Chinese, to our shores
> to wreak revenge by buying up most of our real estate.
>
> If the price of computer chips drops far enough we Americans might
> end up selling chips and Apples on the corner instead of pencils
> and apples like we did in the last depression.
>
> ShiShi

Housing's Big Picture Isn't Pretty

yes, without lower sales and income tax revenues, some states will have to increase real estate tax to make up the shortfall.
some states like california cannot do this though - because of proposition 13.


On May 25 06:05 AM Carlos Lam wrote:

> This article by Peter points to a more fundamental shift in thought
> that he says will occur: homes will be viewed much live cars in the
> future inasmuch as they require upkeep, carrying costs (insurance
> and taxes), and do not appreciate to the extent that was once believed.
> In short, when one purchases a home, it will not be viewed as an
> investment; it will merely be a place to live.