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Feb 26, 2017
The Immigration Facts Donald Trump Doesn’t Like
Let’s be clear: The moral case against President Trump’s plan to uproot and expel millions of unauthorized immigrants is open-and-shut. But what about the economic cost? This is where deeply shameful collides with truly stupid.
Estimates of the full price of Mr. Trump’s great wall vary. He said it would cost $8 billion, then changed that to $10 billion to $12 billion. “Fat chance,” the MIT Technology Review said last October, finding Mr. Trump guilty of “bad math” and placing the real figure at $27 billion to $40 billion for 1,000 miles. More info...
Feb 22, 2017
Why Trump's Immigration Crackdown Could Sink U.S. Home Prices
In San Francisco, an Indian software engineer on a work permit canceled plans to bid on a $900,000 home. In Washington, a Brazilian nonprofit executive passed on a fixer-upper near her office. And, in Mesa, Arizona, a 24-year-old son of undocumented Mexican immigrants won the trust of a bank -- a green light for a mortgage -- but now fears deportation.
President Donald Trump’s immigration policies threaten to crack a foundation of the American economy: the residential real estate market. Legal and otherwise, immigrants, long a pillar of growth in homebuying, are no longer feeling the warm welcome and optimism necessary for their biggest purchase. More info...