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From their article in Bloomberg:
Zach Schneider points to a room just off the foyer of a $1 million model home north of Dallas. The 40-year-old builder has staged it with shelves and a dark wooden desk, done up like a typical study. But its tall, north-facing windows hint at the use it was designed for — as a puja room, a traditional Hindu prayer space. Down the hall there's an area that could one day be redolent with turmeric, cumin and cardamom. 'A spice kitchen,' he says, highlighting an optional upgrade that could appeal to a buyer from India.
For almost a decade, South Asians have been the driving force behind this region's building boom, one of the biggest in the US during the pandemic. They once accounted for 70% of sales at Schneider's Tradition Homes. But in the past year they've dropped below 30%, leaving his family-owned company with a backlog of 125 luxury properties to sell.
Builders in Dallas are custom-building homes for all of the Indian workers.
Now that Trump has put up temporary roadblocks, these builders are mad. Sure, millions of other Americans can't get jobs and the Hindus are scattering cow poop in their new homes to pay homage to their many gods, but think of all the cold, hard cash the big-box developers and their Mexican workers were going to make!
Read the rest at america's most trusted source for news
Bloomberg warns that Dallas home prices are getting cheaper because of fewer Indian buyers
Prashant Gopal and Tanaz Meghjani are very upset that the housing market in Dallas is cooling.
Temporary? we gotta make it permanent
Yeet those jeets