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Hispanic people experiencing largest homeownership gains in America
At 18 percent of the population, Hispanics account for 67.2 percent of U.S. net homeownership gains.
- After a 50-year low, Hispanics have seen the largest homeownership gains for any ethnic demographic.
- The uptick likely results from a bevy of gains Hispanics have seen in recent years.
- This rise in homeownership is part of an increasingly diverse United States.
Homeownership is seen as a keystone to the American Dream. The two have become so entwined that President George W. Bush proclaimed June National Home Ownership Month to help "more Americans achieve that dream." His proclamation further stated that homeownership helped families prosper, improved community stability, and promoted civic engagement.
"My Administration is working to provide all families with the tools and information they need to accumulate wealth and overcome barriers to homeownership," then-President Bush wrote. In hindsight, they're words best read with historic side-eye given how the excesses of the home-lending industry brought on the U.S. subprime mortgage crisis.
Recovery has been long and slow, and some communities are still clawing their way out. But since 2015, Hispanics have seen historic gains in homeownership, gains that have helped prop up a still shaky market.
Hispanic homeownership on the rise
Hispanic and Latinx protesters rally against home foreclosures during the Great Recession. Millions of homes were foreclosed upon each year, and minority groups were hit especially hard. Photo credit: Jacob Ruff / Flickr
Citing U.S. Census Bureau data, the Wall Street Journal reported that the rate of homeownership among Hispanics* has increased more than any other ethnic group. The rate has risen 3.3 percent since 2015, a bounce back from a 50-year low in 2015, and last year marked the largest homeownership gains for Hispanics since 2005.
While Hispanics make up roughly 18 percent of the U.S. population, they accounted for 62.7 percent of net homeownership gains, as noted by a National Association of Hispanic Real Estate Professionals' (NAHREP) 2018 report. They are also the only ethnic group to raise their rates of homeownership for the fourth consecutive year, and should this rate of increase continue, they will account for 56 percent of all new homeowners by 2030.
The result is a boost "that could help buoy the market for years," an incredible comeback when you consider how devastating the Great Recession proved to minority groups.
"The housing market would look very different today if it weren't for a tidal wave of Latino home buyers," Gary Acosta, co-founder and chief executive of the National Association of Hispanic Real Estate Professionals, told the Journal.
Recent years have seen Hispanics make other social and economic gains, as well. They are responsible for 81 percent of the U.S. labor force growth over the last decade, a time of economic expansion. Their median household income has seen the largest increase among all racial and ethnic demographics. And more Hispanics are earning diplomas and degrees than in the late '90s.
What are the reasons for these gains?
A good guess would be all of the above. The Wall Street Journal article cites education, income gains, and a growing familiarly with the U.S. mortgage system as the drivers of Hispanic homeownership. Jerry Brown, CEO of the National Association of Home Builders, argues for similar reasons:
"We've been studying it a little bit and what we think we see is, like a lot of Caucasian America, Hispanic income has risen significantly since the recession. Also, we see an increase in education levels among Hispanics. And thirdly, for some of the newly arriving Hispanics, they are used to paying cash for big purchases — that helps them avoid the complexities of the mortgage system."
Sadly, the windfall hasn't been even across the demographic board. African-American homeownership has dropped to an all-time low, falling 8.6 percent since its 2004 height. Potential explanations include a difficult recovery after the housing crisis and America's legacy of housing segregation.
Millennials are also less likely to own homes, despite many ultimately desiring to. This is thanks in part to student debt, income-devouring rents, and less median income than previous generations enjoyed at the same age.
America's shifting demographics
Another reason for these historic gains is ongoing demographic change. In short, America is, and will continue to become, more diverse than it was in previous generations. As we mentioned, Hispanics make up 18 percent of the U.S. population but half of U.S. population growth over the last decade.
At the same time, the population of Americans who identify as non-Hispanic white has been falling. In Hawaii, California, New Mexico, Texas, and Nevada, non-Hispanic whites make up less than 50 percent of the population.
Dudley Poston, professor of sociology at Texas A&M University, and Rogelio Sáenz, professor of demography at the University of Texas at San Antonio, crunched the numbers and found that an "aging white population, alongside a more youthful minority population, especially in the case of Latinos, will result in the U.S. becoming a majority-minority country in around 2044."
With America's demographics shifting over the next decades, no doubt people who identify as Hispanic will continue making these historic strides.
* We're use "Hispanic" over Latino, Latina, or Latinx as it is the term used in NAHREP's 2018 State of Hispanic Home Ownership Report, a major source of data for this article.
Construction of the $500 billion dollar tech city-state of the future is moving ahead.
- The futuristic megacity Neom is being built in Saudi Arabia.
- The city will be fully automated, leading in health, education and quality of life.
- It will feature an artificial moon, cloud seeding, robotic gladiators and flying taxis.
The Red Sea area where Neom will be built:
Saudi Arabia Plans Futuristic City, "Neom" (Full Promotional Video)<span style="display:block;position:relative;padding-top:56.25%;" class="rm-shortcode" data-rm-shortcode-id="c646d528d230c1bf66c75422bc4ccf6f"><iframe type="lazy-iframe" data-runner-src="https://www.youtube.com/embed/N53DzL3_BHA?rel=0" width="100%" height="auto" frameborder="0" scrolling="no" style="position:absolute;top:0;left:0;width:100%;height:100%;"></iframe></span>
Chronic irregular sleep in children was associated with psychotic experiences in adolescence, according to a recent study out of the University of Birmingham's School of Psychology.
A time for sleep<div class="rm-shortcode" data-media_id="Mt29uUqI" data-player_id="FvQKszTI" data-rm-shortcode-id="931343dee3c02121445e51e94ba22446"> <div id="botr_Mt29uUqI_FvQKszTI_div" class="jwplayer-media" data-jwplayer-video-src="https://content.jwplatform.com/players/Mt29uUqI-FvQKszTI.js"> <img src="https://cdn.jwplayer.com/thumbs/Mt29uUqI-1920.jpg" class="jwplayer-media-preview" /> </div> <script src="https://content.jwplatform.com/players/Mt29uUqI-FvQKszTI.js"></script> </div> <p>Previous studies had already suggested a link between persistent nightmares in childhood and psychosis and borderline personality disorder (BPD) by adolescence, but researchers at the University of Birmingham's School of Psychology wanted to see if a similar connection existed between these mental disorders and other childhood behavioral sleep problems.</p><p>To do this, they scoured data from the Avon Longitudinal Study of Parents and Children, a longitudinal cohort study that followed approximately 14,000 children born in Avon, England, in the early 1990s. The study followed the children for more than 13 years. During that time, mothers filled out questionnaires asking about the children's lives. Factors looked at included housing, parenting, nutrition, physical health, mental wellbeing, environmental exposures, and so on. </p><p>The cohort study inquired about sleep routines, sleep duration, and awakening frequency when the children were 6, 18, and 30 months old, and then again at 3.5, 4.8, and 5.8 years. It also assessed mental health in adolescence using semi-structured interviews, such as the Psychosis-Like Symptom Interview.</p><p>"We know that adolescence is a key developmental period to study the onset of many mental disorders, including psychosis or BPD. This is because of particular brain and hormonal changes which occur at this stage," <a href="https://www.birmingham.ac.uk/staff/profiles/psychology/marwaha-steven.aspx" target="_blank">Steven Marwaha</a>, professor of psychiatry at Birmingham and senior author on the study, <a href="https://www.sciencedaily.com/releases/2020/07/200701125431.htm" target="_blank">said in a release</a>. "Sleep may be one of the most important underlying factors—and it's one that we can influence with effective, early interventions, so it's important that we understand these links."</p><p>After compiling the data, the researchers discovered an association between children with irregular sleeping patterns and teenagers with <a href="https://www.mind.org.uk/information-support/types-of-mental-health-problems/psychosis/about-psychosis/" target="_blank">psychotic experiences</a>—that is, episodes when the person perceives reality differently than those around them. Even when depression at 10 years old was considered as a mediating factor, their findings still suggested "a specific pathway between these childhood sleep problems and adolescent psychotic experiences." </p><p>Toddlers with shorter nighttime sleep duration and late bedtimes were likewise associated with a <a href="https://www.nimh.nih.gov/health/topics/borderline-personality-disorder/index.shtml" target="_blank">borderline personality disorder</a>—a disorder marked by a pattern of varying moods, self-images, and behaviors—in their teenage years. Depression at age 10 did not mediate this particular association, suggesting a separate and more specific pathway. </p>
A more restful tomorrow<p>While the sample size was large and mental health was assessed with a validated interview, there nevertheless remain limitations to this data. For starters, sleep habits were based on mothers' reports. Because they came from memory, versus a more direct observation method such as actigraphy, these data may be prone to imperfect recollection and reporting error. There are also many confounders that could be secretly nudging the results, such as family conditions, prenatal medicines, and a host of environmental factors. Finally, <a href="https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6024884/#:~:text=Sleep%20difficulties%20in%20youth%20with,fear%20of%20dark%20%5B13%5D." target="_blank">the relationship between sleep problems and mental disorders</a> is both complex and two-way.</p><p>As such, the study shows an association between poor childhood sleep later mental disorders but does not prove a causal link. Parents need not worry that a string of nightmares or the eternal struggle settle into bed will be the first ingredients in a witches' brew of debilitating mental disorders. The goal of the study, the researchers point out, is not to create undue worry but improve our ability to recognize the signs of at-risk children and deliver necessary interventions earlier.</p><p>"The results of this study could have important implications for helping practitioners identify children who might be at higher risk for psychotic experiences or BPD symptoms in adolescence, and potentially lead to the design of more effectively targeted sleep or psychological interventions to prevent the onset or attenuate these mental disorders," Isabel Morales-Muñoz, the study's lead researcher, <a href="https://www.healio.com/news/psychiatry/20200702/childhood-sleep-problems-linked-to-adolescent-psychosis-borderline-personality-disorder#:~:text=Sleep%20problems%20during%20early%20childhood,study%20published%20in%20JAMA%20Psychiatry." target="_blank">told Healio Psychiatry</a><u>.</u></p><p>If a parent reading this is worried that their child's sleep patterns are deleterious, the take away should not be despair over an unyielding fate. It should be to seek professional help as soon as possible to begin improving sleep duration and quality. Even if you aren't worried, it's worth remembering that childhood experiences lay the foundation for a lifetime of salubrious sleeping habits. It's so much more than beauty rest.</p>
Are we genetically inclined for superstition or just fearful of the truth?
- From secret societies to faked moon landings, one thing that humanity seems to have an endless supply of is conspiracy theories. In this compilation, physicist Michio Kaku, science communicator Bill Nye, psychologist Sarah Rose Cavanagh, skeptic Michael Shermer, and actor and playwright John Cameron Mitchell consider the nature of truth and why some groups believe the things they do.
- "I think there's a gene for superstition, a gene for hearsay, a gene for magic, a gene for magical thinking," argues Kaku. The theoretical physicist says that science goes against "natural thinking," and that the superstition gene persists because, one out of ten times, it actually worked and saved us.
- Other theories shared include the idea of cognitive dissonance, the dangerous power of fear to inhibit critical thinking, and Hollywood's romanticization of conspiracies. Because conspiracy theories are so diverse and multifaceted, combating them has not been an easy task for science.