it seems to me that the problem consists of one thing! Immigration
When I came to this area about 60 years ago there were 4 houses for sale in the newspaper. And since 1990s California had an influx of migrants, legal or not, and the demand for home increased dramatically as houses were needed for those incoming residents. State wide the demand for house rose, the demand for construction materials increased, the wage rose, forcing prices higher for new construction, demand increase for first level homes increased, prices rises allowed sellers of those homes more cash or credit to move to the next level of home, forcing prices higher for existing homes. Politicians reacting to make more money available for low income buyers, drives prices higher for everyone. until it stops!
When?
When the population stops increasing!
When demand increases because of shitskin migration, rents rise, and pressure on infrastructure rise
At the same time, the entry of immigrants increases downward pressure on wages
Additionally, immigrants have access to fed printed money
Whether it offends you or not, immigration has a negative, hyperinflative effect on the housing market. specifically, White Americans are paying a heavy price in terms of higher rents, lower wages, traffic, and crime as a result of overcrowding by shitskins from Asia and Latin America
Meanwhile, this has puts upward pressure on rents and housing
Nothing in econ happens in a vacuum. We can argue, however, about the scale of one group’s effect on the housing market ad nauseam.
poos, spics, chinks living 10 per apartment is not helping either. Regardless of that point, it’s immigration full stop.
Quick, better import a shit ton of shitskins from shithole countries and a hoard of chinks to make sure the markets stay fucked for actual Americans.
the pakis using benefits and multi wife fraud to buy up literally millions of houses in 20 years