Friday, June 21, 2013

How Immigrant Neighbors Make You Richer

Another way to think about immigrants and how they are helping our country and economy.   - - Donna Poisl

By TED HESSON 

Immigrants help stabilize the U.S. housing market and represent trillions of dollars in housing wealth, according to a report released Thursday.

The report found that immigrant homeowners help build up less-popular areas, making real estate investments that eventually draw in more residents.

Jacob Vigdor, a professor of public policy and economics at Duke University and the researcher who compiled the report, said that the trend is happening across the country.

"They've taken what would have been a downward spiral and they've stopped it and reversed it," he said.
Click on the HEADLINE above to read the rest of this story! This is only a small part of it.



No comments: