
Will H-1Bs Affect The US Housing Market
Along with Chinese and Korean immigrants, indian immigrants comprise a sizable share of immigrant populations that significantly support the high-end housing market and sustain the real estate industry. Even after waiting more than 10 years for green cards, indians in particular have been known to invest in pricey residences, often jeopardizing their immigration status in order to get real estate.
There is growing worry that measures that target this economically substantial and highly legal group may deter indian immigrants from purchasing properties due to the uncertainty they generate. Many indians may now be reluctant to make real estate investments out of concern that their legal status in the united states may be abruptly terminated. Although the magnitude of the damage is still unknown, this hesitancy may cause the housing market to decrease.
Indian immigrants may become even less confident in the stability of their future in the united states if trump keeps making derogatory remarks and enacting laws that target foreigners, especially those on temporary visas. However, the harm could be lessened if he takes action to reduce these tensions. In the end, how these rules develop and whether indian immigrants feel safe enough to keep making real estate investments in the united states will determine the direction of the housing market.