Recent research has demonstrated that Latinos have been hit hardest by the US foreclosure crisis.... more Recent research has demonstrated that Latinos have been hit hardest by the US foreclosure crisis. In this article, I combine place stratification and spatial assimilation theory to explain why Latinos suffered a devastating double blow during the foreclosure crisis. Using a national sample of borrowers who received risky mortgage loans during the boom and following them through the crisis, I find that Latinos were most likely subject to high-cost subprime lending and especially risky low-/no-documentation lending as Latino suburbanization and immigration peaked along with national home prices. As a result, while Latino borrowers were no less likely to lose their homes to foreclosure than blacks prior to the crisis or in the Rust Belt, they were significantly more likely to lose their homes after the crisis began and in the Sand States of Arizona, California, Florida, and Nevada. Taken together, the results demonstrate the risk of rising Latino immigration, suburbanization, and home ownership during the stages of the housing boom and foreclosure crisis.
In this paper we adjudicate between competing claims of persisting segregation and rapid integrat... more In this paper we adjudicate between competing claims of persisting segregation and rapid integration by analyzing trends in residential dissimilarity and spatial isolation for African Americans, Hispanics, and Asians living in 287 consistently defined metropolitan areas from 1970 to 2010. On average, Black segregation and isolation have fallen steadily but still remain very high in many areas, particularly those areas historically characterized by hypersegregation. In contrast, Hispanic segregation has increased slightly but Hispanic isolation has risen substantially owing to rapid population growth. Asian segregation has changed little and remains moderate, and although Asian isolation has increased it remains at low levels compared with other groups. Whites remain quite isolated from all three minority groups in metropolitan America, despite rising diversity and some shifts toward integration from the minority viewpoint. Multivariate analyses reveal that minority segregation and spatial isolation are actively produced in some areas by restrictive density zoning regimes, large and/or rising minority percentages, lagging minority socioeconomic status, and active expressions of anti-Black and anti-Latino sentiment, especially in large metropolitan areas. Areas displaying these characteristics are either integrating very slowly (in the case of Blacks) or becoming more segregated (in the case of Hispanics), whereas those lacking these attributes are clearly moving toward integration, often quite rapidly.
Uploads
Papers by Jake Rugh