US home prices may fall by immigration policies of Trump
According to Bloomberg, the tough policy on immigrants by President Donald Trump can seriously affect the real estate market this country. 21/2 recent days, the new government announced plans to deport more foreigners living in the US without the need to conduct legal proceedings.
Threat of deportation makes a lot of immigrants in the US to reconsider plans to buy a house here. (Photo: Gage Skidmore, Wikimedia Commons)
Previously, the Obama administration focused deporting convicted of crimes related to violence, while still allowing "dreamers" to continue to pursue the "American Dream". These objects are immigrants without papers, to the United States as a young child and currently has a promising future in America.
However, the new government of Mr Trump plans to put more objects into the "black list". Before this move, many foreigners - including those who have green cards and visas labor under H1-B program for high-quality human resources - feel threatened and abandoned the idea of buying a property in Noodle.
Juan Rodriguez, 24, is currently working in a college, said: "I came to the US from the age of 7 years. When I saw the signature of Mr. Trump, I feel like a stroke. I worried that I would lose everything, including the work now. "
Alex Nowrasteh - analyst of the Cato Institute, said: "If Mr. Trump implement plans for immigrants, the housing market will be affected more severely. If millions of people deported and more than that number does not buy a home again, home prices will inevitably severely reduced, especially in urban areas. "
The region faces many risks risk reduction policy by immigrants as Miami, Los Angeles, Silicon Valley, San Francisco and New York.
Lien Huong
(Nhip song thoi dai News)
The region faces many risks risk reduction policy by immigrants as Miami, Los Angeles, Silicon Valley, San Francisco and New Y