Obama and Immigration on REI
Let's for a moment take the politics out of the plan to allow 4million immigrants to stay here per executive order. I don't want to debate the left or right. I know we all have opinions and most are quite strong either way.
I am looking at this from a rental standpoint. If I am a buy/hold investor this feels like a dream come true. Millions of people who most likely cannot buy a home in the near term and will need a place to live. My initial thought is that many of these people will be forced into lower rental areas and perhaps some a bit better.
I feel like many will begin to travel away from the south and start going towards MW and NE without concern for deportation and the chance to work legally.
Any thoughts out there?
-Caveat - my opinions personally may not match my business view....but then again maybe they do?