Special offer

The American Dream, Let's Share It

By
Real Estate Agent with Exit Realty Metro

Owning your home is the American Dream.  Nearly everyone shares the dream, and wants a piece of land and a home they can call their own.  And it's not just us citizens.  Since the birth of this nation and before, people have come from all over the world to make this their home.  And they keep coming.  And that's what makes this a great country and will keep America great.

 

People come here for education, working opportunities, and to buy real estate.  They come to create a better life.  For every job an immigrant takes, they create two or three jobs, because of the velocity of money.  When they spend their money on goods and services, the providers of the goods and services have money to spend and so on.  When an immigrant buys a house, the seller can then buy another house, and so on.

 

The first time home buyers market is where it all begins.  When they buy, the seller can move up to another home.  During the boom, immigrants made up a huge portion of the first time buyers.  But things have changed in the last couple of years.  Congressional debate on immigration legislation caused many immigrants to stop buying for fear of being deported and losing their property.  In addition, it's now more difficult for immigrants to get mortgage financing.  It's no coincidence that the housing downtime occurred during this time.

 

We need more immigration, and to find ways for those new to our country to buy real estate.  Our housing market, and in fact our whole economy depends on it.

 

Our diversity is our strength.  Happy Independence Day!

Jason Smith
DreamDirt Auction - Mondamin, IA
Great post- loved it.
Jul 04, 2007 12:33 PM
Pat Paulson
Exit Realty Metro - Minneapolis, MN
Realtor Minneapolis, Minnesota
Thank you Jason.  Happy 4th!
Jul 04, 2007 12:40 PM
William Johnson
Retired - La Jolla, CA
Retired
Hello Pat, I agree with the sentiment of your post on this a very special day in our country. What Congress must deal with is the illegal part of immigration. What the Executive branch must do is enforce the law. On the legal side, we are a nation of immigrants and there are rules for seeking the privilege of becoming a citizen. On the illegal side, we are a nation at war and our borders must be protected and respected. Those who don't should meet the long arm of the law and be denied ever seeking citizenship. The process for all this must be fair, throughly debated, decided and then made law. Everyone has a right to be heard and should be, then it must be acted upon fairly for all our citizens and enforced by the designated authorities.
Jul 04, 2007 12:46 PM
MAUREEN STACCATO
Springfield, MA
Very inspiring! Great post Pat!
Jul 04, 2007 12:49 PM
Christopher Pike, 803.727.7800
Keller Williams® Realty - Columbia, SC
Happy 4th to you too, Pat.
Jul 04, 2007 12:52 PM
William Johnson
Retired - La Jolla, CA
Retired

PS, There are many ways for non citizens to buy property. People here illegally though do take the risk of deportation and the fact they are being deported has to do with being here illegally in the first place and not because they are buying property. It is my understanding that lots of non-citizens and foreign nationals own property here.

Jul 04, 2007 12:54 PM
Dawn Workman
Veracity Real Estate Group, LLC - Camas, WA
Camas Real Estate Expert, MBA, 480-540-8100
You have a very interesting post here.  Thanks and Happy 4th!
Jul 04, 2007 01:07 PM
Marcus Valdez
Berkshire Hathaway Rocky Mountain Realtors - Fort Collins, CO
Happy 4th!
Jul 04, 2007 01:12 PM
Pat Paulson
Exit Realty Metro - Minneapolis, MN
Realtor Minneapolis, Minnesota

Thank you Maureen, Christopher, Dawn and Marcus.   William, thank you for your comments.  Your point about non citizens buying property here is important - even if they don't have resident status they can still buy. There are a number of countries that don't allow foreigners to own land, or have restrictions.

I'm sure we probably disagree on enforcement, whereas your position is "those who don't should meet the long arm of the law and be denied ever seeking citizenship".  I would probably be less harsh.  Hypothetical example: Someone comes here legally on a temporary Visa. Their status changes and they are now illegal. They own a business, own real estate and are extremely productive and valuble members of our society.  But they are illegal immigrants and they get caught. Do we deport them to uphold the law, despite the loss of their valuble presence in our country.  My solution would be: fix their status and make them legal.  Even if someone comes here illegally for a better life, I think denying them citizenship or entry to our country for life is a bit harsh.  However, I think the laws should be strictly enforced to deport criminals and prevent reentry.  Fortunately, people come here for opportunity, not to commit crime.

Interestingly, I can walk into Mexico, no questions asked, but have to wait in long lines to come back to the U.S.  We have much higher crime rates then Mexico, and most of the rest of the world for that matter.  Logically then, other countries should be more restrictive of American visitors then we are of them.

Jul 04, 2007 04:41 PM