Open Question: Okay this is a real question about immigration and I want a real anwer.?
If there are 12 million or more illegal immigrants living in the USA and they do find a way to get them all kicked out. What happens to all the homes, apartments, mobile homes they own or rent. I live in apartments and they are not bad apartments. I would say about 30 percent of the tenants are hispanic. There are 4 complexes on my street and in all 4 complexes I would say at least 40 percent is hispanic. Which would mean part of that would probably be illegal. Would the prices go up there too? I mean most people have a place to live what would happen to landlords or mortgages?
This question is not about should they stay or should they go its about what would happen to real estate and housing if they were to go. I am just wondering what would happen with so many landlords not being able to cover their mortgages or rents. It seems like it would cost the government alot to get that worked out.
I am sure that some of those apartments would open up to other people to rent them but not all 12 million of them. And even if the prices went down the aparment complex or the mortgage would still be the same and they would still have to make money that way. I think that the cost to america would be higher just based on this issue. 12 million people would be out of the country that means that at least 8 million homes would go into default either by apartment complex or mortgages. On top of that there is 12 million people not purchasing into the US economy. For some reason I think getting 12 million out of the economy would hurt us more then help us.
Once again the only answer I wanted in this question is how it would impact the economy and the real estate market not if they should stay or not. To the lady who said isn't it better to get rid of the criminals. Coming into this country illegally is not a crime you can not face criminal charges for coming here illegally.
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