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To: Dec31,1999
I am sure there are not too many illegal aliens buying 200K homes.
They tend to settle in the older run down sections of town.
Unless you own real estate in these areas, I wouldn't look for too many illegal alien buyers.
7 posted on 01/18/2003 9:21:07 AM PST by dtel (Texas Longhorn cattle for sale at all times. We don't rent pigs)
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To: dtel
Who said illegal? I know of many legal aliens who have bought houses in the $250-400K range. This is holding up the housing market in many places. Some of them even buy a house before they get their green card.
9 posted on 01/18/2003 9:29:01 AM PST by proxy_user
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To: dtel
They tend to settle in the older run down sections of town.

Actually, they pool their money and purchase homes even more expensive. You'd be surprised. And even if they don't,they support high prices by paying rent to investors, who get a rate of return on those houses in those less than desireable neighborhoods, which supports prices in nicer neighborhoods that more affluent folks want to live in.

10 posted on 01/18/2003 9:32:40 AM PST by Dec31,1999
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To: dtel
I am sure there are not too many illegal aliens buying 200K homes.

Of course not. But for how long? My grandparents [not illegal but vile Mediterranean immigrants nonetheless] settled in the older run down sections of town. Now me upwards of 25 of my cousins live in $200k to $700k homes. We count one millionaire amongst us, too.

33 posted on 01/18/2003 11:31:57 AM PST by Captiva
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To: dtel
The aliens aren't necessarily illegal.

Take my subdivision and the surrounding area (a master planned community) as an example. Per capita income within the master planned community is 3X the national average. In my subdivision, the average home size is 4000 square feet. Each house also has garages that hold 2 to 4 cars. Most houses have pools. My next door neighbors on one side are from the Middle East (Christian). My neighbors on the other side are from the Philippines. The people directly in back of my house are from Taiwan. Sprinkled throughout my subdivision are people from other places -- China, India, you name it. None of these people were born in the US, although I would suspect by now that many are naturalized citizens. And none of these residences in my own subdivision, as far as I know, holds more than one family. I estimate that 20% of the homeowners in my subdivision were born in some other country. And it is the same throughout the other subdivisions of the master planned community.

A lot of the people that come here from elsewhere work hard and they work smart. They work their way up, and they take hold of the American dream. The US is the recipient of a lot of the brain drain from other countries, and the trickle-down effects on our economy of their consumption, as well as the taxes they pay, is positive.

35 posted on 01/18/2003 11:59:55 AM PST by RedWhiteBlue
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