Still, a propensity to rent does not equate to low income levels. The Harvard report also says that 37 percent of foreign-born renters are in the bottom income quartile, compared with 41 percent of native-born renters. What’s more, Hispanic consumer spending power is expected to top $1 trillion in 2010, some 491 percent higher than in 2000 and about 73 percent of the total increase in purchasing power of U.S. minorities, according to the Selig Center for Economic Growth at the University of Georgia.
The Immigrant Experience
For years, the apartment industry has debated the extent to which the Hispanic immigrant demographic would influence its operations. This special investigation weaves together the realities and falsehoods inherent in this renter group—and the findings may surprise you.
18 MIN READ
Randy Pollak
