[Melchior]

The housing construction in southern Arizona has ground almost to a halt. Thousands of illegals have returned to Mexico. Apartment “For Rent” signs proliferate from Douglas in the east to Yuma in the west. And guess what? The world hasn’t come to an end. And lettuce and strawberries by the Mexican truckload are still being driven to US border warehouses.

[TomGuy]

The housing construction in southern Arizona has ground almost to a halt. Thousands of illegals have returned to Mexico. Apartment “For Rent” signs proliferate from Douglas in the east to Yuma in the west. And guess what? The world hasn’t come to an end. And lettuce and strawberries by the Mexican truckload are still being driven to US border warehouses.

A part of the recent housing/banking crises have been the result of financial institutions giving housing loans to illegals, who subsequently returned to their home country and left those financial institutions holding those loan. Many of those loans were on over-priced home, because they were made at the height of the housing boom.

[One renovated house near me was owned by an Hispanic, now a banking trust. After 60 days on the market, they dropped the price 9%. A while later, another 10%. The house is empty and still on the market because of its jacked-up price.]