Introduction
The issue regarding immigration seems to be urgent and demands the solution. Illegal immigrants have a significant effect on the American economy and safety. However, the government encourages highly professional people to migrate to the United States as both sides gain profit. It worth stating that coming to America, immigrants aim to purchase houses, and it has an influence on the real estate market. The major purpose of the paper is to examine how immigration affects Texas real estate.
Analysis
The recent statistic shows that there were almost two million illegal immigrants in Texas in 2009. The vast majority of immigrants aim to escape severe economic conditions in the country or, sometimes, even war. It worth stating that buying a house becomes part of the American Dream. As a matter of fact, people who move to America from another country have an impressive desire for self-development and solving fiscal issues. That is, immigrants are ready to work and do their best to make as much money as possible. They can come up with fresh and entrepreneurial ideas that can become successful in the business market. Having money immigrants want to buy houses, and it influences the real estate market in a significant way.
According to the researchers, immigration affects the real estate market. Americans buy houses not as active as foreigners, and nowadays immigrant play a crucial role in the real estate market. According to the Texas International Homebuyers Report, almost 10 billion dollars came to the Texas economy from the immigrants buying homes between 2014 and 2015 (Maxwell et al. 10). Being courageous to leave the native country and move to a different one they have no chances to fail, and that is, become successful. Texas attracts immigrants for a variety of reasons. Mexicans used to be in the majority; however, nowadays the immigration pattern changes as more and more people come from India, China, and Vietnam. Not everyone wants to integrate into American society, and they create communities that represent the native country, like China town, for example.
The real estate market in America faces a lot of challenges. Texas borders with Mexico and it is beneficial for Latin Americans, who aim to escape violence and bad economic condition. Homebuyers from Mexico usually purchase apartments or houses in McAllen, Houston, Dallas, and Austin. According to the recent statistics, the population of Texas has already increased by 20% in comparison to the demographic situation ten years earlier (Barkan 34). The American government encourages immigrants with entrepreneurial skills and creative ideas to migrate as they want to get profit from talented people offering them a safe environment with the prolific economic condition for self-development and self-growth. Businessmen, who want to migrate, receive the priority, and have better chances to get a visa. The wealthy immigrants from Mexico secured the economy of Texas during the Great Recession. Immigrants expanded the real estate market.
According to the recent findings, the number of Asian immigrants has already doubled between 2005 and 2013 (Wiltz par. 6). Lloyd Potter, the demographer, states that “we are observing a big shift, a decline in Latin American migration into Texas and an increase in the Asian-born foreign population in Texas. It’s increasing the diversity and cosmopolitan nature of our urban areas” (Wiltz par. 7). Texas attracts immigrants because of the stable economy during the recession. The housing market was supported by the investments of the newcomers. Moreover, immigrants supported the trade between the United States, India, and China. Potter highlights that “Texas has become this job-creation machine. California hasn’t created as many jobs, and it’s expensive to live there” (Wiltz par. 11). The vast majority of the newcomers are educated and skillful. Immigrants stimulate the economy as the demand for housing increases and, that is, the price of houses goes up as well. The percent of additional value is very small; however, one should keep in mind that even the increase by 12 cents results in the fact that real estate gains almost 4 trillion dollars across the United States.
Immigration is not a new phenomenon in Texas. The state has developed laws to respond to illegal immigration. The attitude towards newcomers is affected by the experience in dealing with illegal immigrants who commit crimes. However, despite the restriction, immigrants are likely to come to Texas and other states in America. The United States benefits from immigrants in a significant way. Highly professional newcomers contribute to the development of the economy and stimulate the real estate market to expand.
Conclusion
In conclusion, it should be stressed that immigrants in Texas have a significant impact on the real estate market. The fact that the American government encourages successful and creative people to migrate contributed to gaining a profit. As a matter of fact, wealthy newcomers helped the Texas economy during the crises. The real estate market gets a number of benefits while there are a lot of people who can purchase houses and apartments.
Works Cited
Barkan, Elliott. Immigrants in American History: Arrival, Adaptation, and Integration. Santa Barbara: ABC-CLIO, 2013. Print.
Maxwell, William, Ernest Crain, Mark Jones, and Christopher Wlezein. Texas Politics Today. Boston: Cengage Learning, 2016. Print.
Wiltz, Teresa. “Immigrants Relocating to Texas on Rise.” Miami Herald. 2015. Web.