Home
Search:
1146 feeds
357 categories
0 articles (<24 hours)
29 registered users

Use the Mobile version
Mobile

Follow our Twitter feed

View our Linkpartners
Links

Username:
Password:

Register | Retrieve

Culture


RSS FeedsWhy Trump´s immigration policies could sink the U.S. housing market
(The Star Religion)

 
 

22 february 2017 22:45:02

 
Why Trump´s immigration policies could sink the U.S. housing market
(The Star Religion)
 


In San Francisco, an Indian software engineer on a work permit cancelled plans to bid on a $900,000 (U.S.) home. In Washington, a Brazilian non-profit executive passed on a fixer-upper near her office. And, in Mesa, Arizona, a 24-year-old son of undocumented Mexican immigrants won the trust of a bank — a green light for a mortgage — but now fears deportation.U.S. President Donald Trump’s immigration policies threaten to crack a foundation of the American economy: the residential real estate market. Legal and otherwise, immigrants, long a pillar of growth in home-buying, are no longer feeling the warm welcome and optimism necessary for their biggest purchase.“I feel like with one stroke of Trump’s signature everything can be taken away, even all my hard work,” said Juan Rodriguez, the 24-year-old whose parents moved from Mexico when he was 7. He now works full time while earning his college degree.Former president Barack Obama had protected immigrants like Rodriquez, often called “dreamers,” or undocumented Americans who arrived as young children and are often fully integrated into American society.Read the latest news on U.S. President Donald TrumpOn Tuesday, the Trump administration detailed plans for a sweeping crackdown on undocumented immigrants, saying the authorities would deport many more people without court hearings. Under Obama, the government focused on those convicted of violent crimes; Trump would lower the bar to include fraud and, in some cases, a belief the residents threatened public safety.Even workers with green cards and work visas under the H1-B program for skilled foreign workers are worried about possible restrictions under Trump. The housing markets most at risk include Miami, Silicon Valley, Los Angeles, San Francisco and New York, which have the biggest concentrations of foreign-born buyers.Read more: With new enforcement rules, Mexicans fear prospect of refugee camps along U.S.-Me ...


 
7 viewsCategory: Culture > Religion
 
Keep your feet off the subway seats and don´t sit on strangers: Keenan
(The Star Religion)
Tree at centre of neighbour dispute near High Park won`t be cut
(The Star Religion)
 
 
blog comments powered by Disqus


Copyright © 2008 - 2024 Indigonet Services B.V.. Contact: Tim Hulsen. Read here our privacy notice.
Other websites of Indigonet Services B.V.: Nieuws Vacatures Science Tweets Nachrichten