How H-1B Restrictions Popped Dallas’ Housing Bubble

About this episode

The episode discusses the impact of H-1B visa restrictions on the housing market in Dallas and surrounding areas.

For more than a decade, the towns north of Dallas, Texas – places like Frisco, Prosper and Celina – have seen an unprecedented housing boom, thanks in part to Indian workers drawn by skilled tech jobs and employers who sponsored their H-1B visas. But in the past year, the market for these houses has fallen and some of Texas’ biggest boomtowns have gone bust. On today’s Big Take podcast, US housing reporter Prashant Gopal and host Sarah Holder unpack the forces underpinning a growing real estate crisis in Dallas-Forth Worth. They examine how changes to the H-1B visa program forced some residents to rethink their futures and what the dramatic pull back could mean for some of the newest suburbs. This episode contains mention of suicide. If you or someone you know is having thoughts of suicide or self-harm, a global list of help lines is available at  blog.opencounseling.com/suicide-hotlines/ We have a special Bloomberg subscription offer for podcast listeners at  Bloomberg.com/podcastoffer. Hosted by Sarah Holder; Produced by Rachael Lewis-Krisky; Reported by Prashant Gopal and Tanaz Meghjani; Edited by Jeffrey Grocott. Fact-checking by Laura…

People in this episode

Host: Sarah Holder

Guest: Prashant Gopal

Topics covered

• housing market
• H-1B visa
• real estate crisis
• Dallas-Fort Worth
• Indian workers
• housing boom
• economic impact

Keywords

• H-1B visa
• Dallas housing bubble
• real estate crisis
• Indian workers
• housing market decline
• Texas boomtowns
• Frisco
• Prosper
• Celina

Mentioned in this episode

Organizations: Bloomberg, iHeartPodcasts

Places: Dallas, Texas, Frisco, Prosper, Celina

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