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Many Immigrants that Started a Business Didn't Own a Home

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Many Immigrants That Started a Business Didn’t Own a Home Many of the immigrants that started a business were struggling and didn’t own a home. Many times their businesses failed and they lived in poverty for a very long time. Although other times their luck changed for the better and they became very successful. Even though they may now live in a mansion and play golf all day, when they were still building up their business they might have not even owned a home at all. More nonimmigrants owned a home than immigrants. In fact about 47.9% of entrepreneurial immigrants didn’t own a home while only 29.2% of nonimmigrants didn’t own one (Fairlie, Robert. SBA.gov, May 2012). Not owning a home could be a big challenge when starting a business because if you don’t own a home it would be a challenge to pay off your bills for rent, having enough money to keep your business running, as well as being able to manage your company. While it could be even worse for the nonimmigrant entrepreneurs, more nonimmigrant entrepreneurs had homes than immigrant entrepreneurs. Even if the nonimmigrant entrepreneur was unlucky and were struggling to pay rent, because they were born here they could rely on their parents, friends, or relatives for help while the immigrant would be less likely to have parents, friends, or relatives to rely on because their family and friends would live in another country. If an immigrants business failed it would affect you more because if you couldn’t pay your rent

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