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Originally Posted by Tileman
You just proved my point. Home prices are dropping nation wide except for Oklahoma. Why are homes here staying relatively unchanged?
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Because your land is not valuable. While everyone else's was artificially inflated by flipping, and legitimately increased by higher populations in smaller areas, Oklahoma saw no spike in value. In other words, everyone else's went up at four times the rate Oklahoma's did, and is now dropping off in preportion.
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Answer- Because removing illegals and forcing them to other states has caused an increase of LABORERS on new homes thus increasing the cost to build a home.
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Home costs are based on land values, not building costs.
And my point was that whether a city has a large immigrant population or NOT home prices have dropped, which means that the presence or absence of illegal aliens clearly had no effect. Unless you are suggesting that the Illegal aliens who were made to leave Oklahoma ended up in Seattle at an exactly equal rate that they ended up in the states that actually boarder Oklahoma. You must admit that would be silly.
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Many sub contractors hire illegals and the builders act ignorant to it since they deal with a legal citizen (the boss of the crew). Now, without illegals those bosses cannot offer cheap labor, which forces builders to pay a normal price for labor workers. Paying more for contract labor increases the cost of homes which is why our home prices have greatly out performed the rest of the nation. I bet Arizona has also out performed the nation but only *IF* they really are removing the illegals. A law uninforced is worthless and we are enforcing it here.
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1. Building costs are not the issue. Building costs do not drive home values. A house that costs more to build is not going to succesfully resell at a rate that is not comprable to its location. You can pay a million dollars to construct a home but that doesn't mean it will sell for a million if it's on top of Yucca mountain.
2. Even if that were the issue, your example falls flat due to the fact that there is no other indicator linking home values to illegal alien presense. You'd need more evidence to base that assumption on.
3. Again tell me why this makes this a national priority. Do you really believe that if we deported every illegal immigrant tomorrow that home values would just shoot up? What about the homes that had already been built?