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Full-Text Articles in Social and Behavioral Sciences
Vanishing Wealth, Vanishing Votes? Latino Homeownership And The 2016 Election In Florida, Jacob Rugh
Vanishing Wealth, Vanishing Votes? Latino Homeownership And The 2016 Election In Florida, Jacob Rugh
Faculty Publications
In this article, I explore how race, class, and migration influence Latino household wealth, and uncover important implications for the close 2016 US presidential election outcome in Florida. I follow over 11,000 homeowners in the Orlando area of Orange County, Florida from 2004 to 2016. To proxy for immigrant incorporation, I leverage matched voter registration records and direct observation of borrower identification – driver’s license, green card/passport, or undocumented identification. Documented immigrants appear least vulnerable to foreclosure; multivariate analyses show that Latinos with undocumented identification are most vulnerable. Foreclosure and negative equity predict decreases in voter activity among Latino Democrats …
Supbrime Lending/Foreclosure Crisis, Jacob Rugh
Supbrime Lending/Foreclosure Crisis, Jacob Rugh
Faculty Publications
Subprime mortgage lending in the USA rose alongside home prices and lasted about 15 years, ending abruptly in late 2007, setting off a national foreclosure crisis. Between 2007 and 2012 there were 9 to 12 million foreclosures filings and 4 to 5 million completed foreclosures. The ensuing foreclosure crisis stemmed more from falling home prices but its unequal distribution across society by race and space was also the product of legacies of exclusion and a shared consensus on the expansion of mortgage credit and home ownership. Modest federal interventions to buffer communities and homeowners from the crisis likely reinforced the …