Jon Grauman

Oh, great.

It would definitely have an impact, but maybe not in the way that people would just ordinarily think. These are people that play an instrumental part in the workforce, and that's where I see the biggest issue is gonna be in construction, is that if there were mass deportation, what you're gonna see is

It would definitely have an impact, but maybe not in the way that people would just ordinarily think. These are people that play an instrumental part in the workforce, and that's where I see the biggest issue is gonna be in construction, is that if there were mass deportation, what you're gonna see is

It would definitely have an impact, but maybe not in the way that people would just ordinarily think. These are people that play an instrumental part in the workforce, and that's where I see the biggest issue is gonna be in construction, is that if there were mass deportation, what you're gonna see is

a massive slowdown in construction, which will likely equate to a substantial increase in labor costs because you're just gonna have less labor to draw from and less affordable labor to draw from. So in a housing market that's already suffering from a lack of inventory and high construction costs, that would be, you know, adding insult to injury.

a massive slowdown in construction, which will likely equate to a substantial increase in labor costs because you're just gonna have less labor to draw from and less affordable labor to draw from. So in a housing market that's already suffering from a lack of inventory and high construction costs, that would be, you know, adding insult to injury.

a massive slowdown in construction, which will likely equate to a substantial increase in labor costs because you're just gonna have less labor to draw from and less affordable labor to draw from. So in a housing market that's already suffering from a lack of inventory and high construction costs, that would be, you know, adding insult to injury.

That would really be kind of like pouring gasoline on the fire. So I'm concerned in that respect. I'm also concerned in the respect of, you know, again, many of these undocumented immigrants are not homeowners, but they're renters. And I think you could see a significant adjustment to rental values if thousands of them by the droves were deported. And I think that would be bad for landlords.

That would really be kind of like pouring gasoline on the fire. So I'm concerned in that respect. I'm also concerned in the respect of, you know, again, many of these undocumented immigrants are not homeowners, but they're renters. And I think you could see a significant adjustment to rental values if thousands of them by the droves were deported. And I think that would be bad for landlords.

That would really be kind of like pouring gasoline on the fire. So I'm concerned in that respect. I'm also concerned in the respect of, you know, again, many of these undocumented immigrants are not homeowners, but they're renters. And I think you could see a significant adjustment to rental values if thousands of them by the droves were deported. And I think that would be bad for landlords.

But, you know, again... I don't want to get too political about it.

But, you know, again... I don't want to get too political about it.

But, you know, again... I don't want to get too political about it.

A thousand percent. That's exactly right. Again, it's going to slow down the construction process and drive up the price, which is good for nobody. Right. These people play a vital role in our society and our workforce in terms of the jobs that they do. You know, look, they're not here to eat our dogs and cats. So I clearly have my feelings about this and I'll just leave it there.

A thousand percent. That's exactly right. Again, it's going to slow down the construction process and drive up the price, which is good for nobody. Right. These people play a vital role in our society and our workforce in terms of the jobs that they do. You know, look, they're not here to eat our dogs and cats. So I clearly have my feelings about this and I'll just leave it there.

A thousand percent. That's exactly right. Again, it's going to slow down the construction process and drive up the price, which is good for nobody. Right. These people play a vital role in our society and our workforce in terms of the jobs that they do. You know, look, they're not here to eat our dogs and cats. So I clearly have my feelings about this and I'll just leave it there.

Wow. No one's asked me that question. What policy do I think would make housing more affordable?

Wow. No one's asked me that question. What policy do I think would make housing more affordable?

Wow. No one's asked me that question. What policy do I think would make housing more affordable?

There's no question that affordable housing is, I think, at the core of a lot of these conversations. And that just goes into building costs, right? You got a lot of developers out there, particularly in LA, and that's my markets. That's all I can really speak to intelligently.