Mass deportations negatively affect the US housing market

Фото: Depositphotos

Over the past 10 years, every fifth Hispanic family in the United States has lost housing because of insolvency and the sale of a bank loan home.

At the same time, between the 2005 and 2013 years, the US Immigration and Customs Control Agency increased the deportation of illegal migrants, during this period 3 million immigrants were expelled, 85% of whom were working Latinos, reports The New York Times.

Recently held magazine Sociological science The study suggests that deportations lead to a worsening situation in the housing market and to the loss of homes by immigrants, who, after the deportation of a family member, can no longer pay for the housing for which they received a bank loan. The districts of the United States, which took part in the mass deportation program, faced an increase in the number of housing that the bank had to take from the borrower due to their insolvency.

A sociologist at Brigham Young University, Jacob Roe, argues that if you compare the time frame of the housing crisis and mass deportations, they coincide perfectly. Deportations led to the loss of the families of men who earned housing, the banks selected the house, put it up for sale, and a large number of such proposals, caused by mass deportations, led to a collapse in real estate prices.

Similar problems with paying for housing during the deportation period also occurred among African-American families. At the same time, immigrants from Cuba and Puerto Rico due to their special status in the USA and protection from deportation did not suffer from mass expulsions from the country, and the situation with the property they acquired also remained unchanged.

The deportation bill was passed in the 1996 year, but it was not specifically used until the 2005 year. Between 2005 and 2012 for years, 42 counties in the USA signed this document, at that time about 5 of millions of immigrants from Mexico and Africa lived in their territories.

Before these counties joined the deportation program, there was no difference in their rate of home loss among Latino families compared to counties that did not participate in the program. But immediately after joining the bill, the level of insolvency of Latino families in these counties increased significantly - there were 22 thousand more such families in these counties per year.

This has affected even legal migrants, because many “illegals” live in the houses of officially registered migrants and contribute their share of the bank payments for housing. Among the 1,2 million homes in the 42 counties studied, illegal immigrants contributed part of their rent money to a third of them—about 400 homes.

That is, the massive deportation of illegal migrants, announced by President-elect Donald Trap, could lead to a collapse in prices in the real estate market.

In addition, the deportation of “illegal immigrants” can negatively affect the emotional state of legal migrants, creating barriers to their full implementation in the United States.

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