In spite of the biased coverage in the article, it shows an undeniable link between open borders and the worldwide mortgage fiasco.
“In spite of the biased coverage in the article, it shows an undeniable link between open borders and the worldwide mortgage fiasco.”
It’s about time people wake up to this. I live in CA, and I bought a house at the peak—had to so I could start procreating.
The value has dropped through the floor (we took out a fixed mortgage), but it’s clear, given our income, that there is no way gardeners could afford 500k houses! I was amazed.
They did..often times by renting out many rooms to other immigrants.
Joe immigrant moves in, cuts a few door ways in walls, including the garage, parks a few campers in the backyard, and is now open for business.
This happened all over the place in So cal. I saw it personally.
In any case, of course, we can afford to pay for our house, overvalued or not: it’s not easy: 3k a month housepayment + an additional property tax of 5400 a year + everything else.
I don’t care if my house ends up being worth half of what we paid, as long as the illegals GO HOME.
Mexico’s in contention for being one of the fattest nations now. Okay...if you have that much food to eat back home, go home and consume, please.
THANKS, BFL
Not really. The mortgage originators and purchasers were throwing money at anyone who would sign a piece of paper, without regard to legality of their presence in this country, evidence of ability to pay, or anything else. The great bulk of these mortgages went to citizens and legal immigrants, and I suspect the portion that went to illegal immigrants would just have been substituted with more going to other “buyers” if the immigrants had been kept out of the country or denied mortgages.
The connection: OPEN BORDERS - SUB PRIME CRISIS and subsequent American recession, s clearly established for all to see, despite what
Clinton, Bush, Bush II, the RNC, the DNC, La Raza, Vincent Fox, all Mexican Consulates in the USA and Freeper Dane would want you to believe.