Trump’s Migrant Crackdown Adds to Miami’s Real Estate Woes

But in the Middletowns of the world, homeownership comes at a steep social cost: As jobs disappear in a given area, declining home values trap people in certain neighborhoods. Even if you’d like to move, you can’t, because the bottom has fallen out of the market—you now owe more than any buyer is willing to pay. The costs of moving are so high that

the inexorable movement of real-estate capital into traditionally poor areas and can no longer afford what used to be affordable.

Tariffs and undocumented immigrant deportations are two potential wildcards that in terms of potential economic/investment impact almost entirely come down to size of implementation. Tariffs implemented by Trump’s prior administration had impacts around the margins, but were not game-changers, since the numbers were not massive. This time he has ad

mortgages. That compelled him, he later told the Financial Crisis