What type of housing problems are in the future due to the increased border crossings

[Matthew Paul]

Right now , rates are higher than they have been in a while . prices are up on Real Estate around the country . Insurance rates , rents , utilities are higher .  Now there are an estimated 5 million people who have crossed the border .  Well they will need a place to live ( besides hotels ) . 

Without a job ,  or a credit report and all the other necessary info they cant pass a background check .

Will the government make it illegal to do back ground checks ?

Many more questions to be asked , but those are the basics .

To put this into some perspective , Baltimore has a population of about 650,000 . At one time in the late 50s it was around 1 million .  How do you think this will affect landlords , and investing in general .    

Try as hard as possible to leave political parties out of this , but general politics for a region should be ok . 

[JD Martin]

Quote from @Chris Seveney:

@Matthew Paul

As an investor there are about 99,999 other things that would cause me to lose sleep at nIght before this type of issue.

 To go even further, virtually anyone in real estate ought to find the prospect of more people, at least from a financial point of view, highly desirable. Even at the poor end, more people putting pressure on low-priced housing raises those costs, bringing everything above it up as well. Same thing on house sales, more people & competition in the rental arena will move some of those people into the sales camp, again raising prices. If you are renting out property, you're making more money. If you are flipping, you are making more money. Of course, if you are buying, well you are spending more money too so there's that, but all economics is, is money changing hands. 

It's like where I live. Personally, I don't like the fact that we've been "discovered" and more people are moving here. I liked it here better when we had a lot less people, and everything was a lot less crowded. From a financial point of view, however, it's been a virtual bonanza for me. I've probably made more money in RE in the last 5 years than in 20 years previously combined, and our population was skyrocketing *before* COVID. So I'm always of two minds. They're making me rich, but making me crazy :)