Post by jeffolie on Jul 31, 2008 13:07:14 GMT -6
I think the loss of jobs by illegals is wonderful, justice is being served. The vacant rentals and house will help make housing more affordable.
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Illegal Population Plummets- Housing Vacancies Will Rise
By twist
According to the Arizona Republic this morning:
The illegal-immigrant population has fallen an estimated 11 percent nationwide over the past year and perhaps even more in Arizona, with stricter law enforcement a likely cause, according to a report issued Wednesday by a Washington organization that promotes less immigration.
The apparent drop preceded a spike in unemployment claims, suggesting enforcement, not the nation’s faltering economy, is responsible, said Steven Camarota, director of research for the Center for Immigration Studies. The drop of about 1 million illegal residents happened from August to May, the report says, even as the number of legal immigrants increased.
In Arizona, the number of illegal immigrants may have fallen as much as 18 percent since August, Camarota said, though the data is too spotty to say with confidence. The state, however, is among the leaders in declines, he said.
"There seems to be a sense among the illegals that the enforcement law is back in business," Camarota said.
Estimates before this study put the number of illegal immigrants at 12 million nationwide and 500,000 in Arizona.
Along with others quoted in the Republic, I disagree with Camarota when he discounts the economy as an issue. Many illegals were employed in the construction industry. When construction started to slow, illegals were the first to lose their jobs. Often they were on crews that simply were not called back. Legal employees were let go later. Others worked in services such as housekeeping and landscaping that were considered optional by people with tightening budgets. Economically, the illegal population was hit first.
This will have an adverse affect on the housing market. This represents a large number of renters, homeowners and consumers who are no longer participating in the U.S. economy. This population outflow can only serve to increase foreclosures, as some homeowners leave the U.S., and landlords have more difficulty renting out their properties.
Whatever your opinion on immigration issues, this can only spell more problems for housing.
housingdoom.com/2008/07/31/illegal-population-plummets-housing-vacancies-will-rise/#more-1545
______________________________________________
Illegal Population Plummets- Housing Vacancies Will Rise
By twist
According to the Arizona Republic this morning:
The illegal-immigrant population has fallen an estimated 11 percent nationwide over the past year and perhaps even more in Arizona, with stricter law enforcement a likely cause, according to a report issued Wednesday by a Washington organization that promotes less immigration.
The apparent drop preceded a spike in unemployment claims, suggesting enforcement, not the nation’s faltering economy, is responsible, said Steven Camarota, director of research for the Center for Immigration Studies. The drop of about 1 million illegal residents happened from August to May, the report says, even as the number of legal immigrants increased.
In Arizona, the number of illegal immigrants may have fallen as much as 18 percent since August, Camarota said, though the data is too spotty to say with confidence. The state, however, is among the leaders in declines, he said.
"There seems to be a sense among the illegals that the enforcement law is back in business," Camarota said.
Estimates before this study put the number of illegal immigrants at 12 million nationwide and 500,000 in Arizona.
Along with others quoted in the Republic, I disagree with Camarota when he discounts the economy as an issue. Many illegals were employed in the construction industry. When construction started to slow, illegals were the first to lose their jobs. Often they were on crews that simply were not called back. Legal employees were let go later. Others worked in services such as housekeeping and landscaping that were considered optional by people with tightening budgets. Economically, the illegal population was hit first.
This will have an adverse affect on the housing market. This represents a large number of renters, homeowners and consumers who are no longer participating in the U.S. economy. This population outflow can only serve to increase foreclosures, as some homeowners leave the U.S., and landlords have more difficulty renting out their properties.
Whatever your opinion on immigration issues, this can only spell more problems for housing.
housingdoom.com/2008/07/31/illegal-population-plummets-housing-vacancies-will-rise/#more-1545