Can EB Visas, Foreign Degree Evaluations Fix the Housing Crisis?

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Can EB Visas, Foreign Degree Evaluations Fix the Housing Crisis?

Every time I open a paper or browse the Internet, the economic crisis stares me in the face. It’s impossible to avoid. Businesses filing bankruptcy, foreclosures in the neighborhood, and continuous updates about how the American economy is negatively impacting the world’s economic markets. Taking these factors into consideration, it may be difficult to see how employment-based and immigration visas could positively affect the American housing market.

In reality, though, the people who enter the U.S. with EB visas have foreign degrees that are the U.S. equivalency of Bachelor or Master Degrees. They are well-educated, have excellent incomes, and possess good credit histories. Those workers holding EB visas who want to remain in the US have applied for permanent residency, and most have been in the country for at least five years, allowing them ample time to become familiar with the American culture and lifestyle.

These people aren’t taking American jobs, either. They hold foreign education credentials required to fill jobs in U.S. businesses that are not currently being filled or cannot be filled by American workers. These academic credentials are carefully documented through foreign credential evaluations performed by reputable evaluation agencies within the United States.

This only makes sense. Encouraging foreign workers who want to remain in the United States to buy a home allows them contributed to the American economy while living in the U.S. This also provides educated, financially responsible people who want to purchase homes and settle in family-centered neighborhoods in the United States. No Americans are losing their jobs as a result, these upstanding individuals are already in the U.S. working, and applying to stay here permanently.

Hopefully, the USCIS and American financial institutions can also see the good sense in this kind of a win-win arrangement. Everyone benefits, no one loses, and perhaps we can find a way to impact the world economy in a positive way!

This article was written by Staff

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