With the kick to the face on the H1b visa system, we should see some major changes in Americans-first now in the jobs market.
One problem we’ve seen is venture capitalists who come in, pump-and-dump companies with foreign labor at reduced costs, and increased pricing on services/goods to inflate their run before they move on to the next company. Board members might like it for their own portfolios, but it has been really bad for society.
One concern among realtors and would-be buyers is that another inflationary trend will kick-off with interest rates being lowered, since we’re still suffering from inventory scarcity at-scale. There are a lot of hard-working younger millennials who did the right thing, stayed employed throughout adulthood, pay their bills, have good credit, but are locked-out due to rates and base pricing from inflation.
Some are just on the edge though, and even with these smaller point rate-reductions, have been pushed over the edge into being able to now qualify. I don’t like the stretching of the DTI that’s been happening, especially mortgage + auto loans, but that’s where the market has been for a while now.
We need kit homes and some more home construction methods like Super Adobe, that are superior in strength/insulation/earthquake/flood/fire, but pennies on the dollar compared to typical sticks and sheetrock construction.
which was literally like a 70s kungfu movie only way worse.
