All those Freepers who thought having 20 million plus illegals cut their grass and wash their kids butts was great for the economy shouldn’t be upset when it was foreclosure on the illegals’ subprime mortgages that started the snowball down the hill.
Actions have consequences. Pretty soon a lot of the open-borderbots are going to be begging for those jobs the illegals were brought here to do.
That’s a bit over the top even by FR standards....
sub-prime was always a small part of the total mortgage market and the illegals a small % of that.
Although I am waiting for a few stories to come out that talk about wage inflation if the illegals get kicked out and people cannot get their yards mowed for less than $50.
No more likely than that the inventory ballooned when they vacated their homes to go back to their families. People, our neighbors, are the gift of God and the wealth of nations. In people are found economies of scale and the light work of many hands. We should be as for (i.e. greatly increased) legal immigration as we are against illegal immigration. But we are not and we are fools for it.
Proverbs 14:28
In the multitude of people is the king's honour: but in the want of people is the destruction of the prince.