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Article #69Where housing still booms big
From: Snowbound
Date: Mon, 21 Jan 2008 02:42
Date: Mon, 21 Jan 2008 02:42
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2215 bytes
While Bush and his Republican cronies blithely turn the U.S. into a third world nation with a third-rate economy, Mexico's housing market is booming like never before. So much so, that giant investors like CalPERS, the huge California Public Employees Retirement System, is funding over $300 million in new construction projects there. The change is so pronounced and so massive with ever-greater numbers of middle-income Mexicans buying their own homes, that while U.S. political and economic factions bicker and spar spitefully, Mexico is leading latin America in increased economic stability and becoming a haven for investors seeking escape from the declining U.S. economy. Housing starts and loans are reaching record levels in Mexico, opening lucrative jobs once reserved for illegal immigrants in the United States. Thus, this could signal a slowdown or even a reversal in the flow of immigrants from Mexico seeking ill-paid work and receiving racist-propelled hatred in El Norte. After all, why mow lawns for peanuts and get spit upon in a foreign land when you can earn carpenter wages in your own nation? It's been said quite truthfully that the best revenge is living well. The Mexicans seem well on their way toward proving that point.
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X-Google-Thread: 10f73f,f09168e152e219c4,start X-Google-Thread: 11474a,f09168e152e219c4,start X-Google-Thread: 106595,f09168e152e219c4,start X-Google-Thread: 107518,f09168e152e219c4,start X-Google-Thread: f6c48,f09168e152e219c4,start X-Google-Attributes: gid10f73f,gid11474a,gid106595,gid107518,gidf6c48,public,usenet X-Google-Language: ENGLISH,ASCII-7-bit Path: arc1-ca.pugleaf.net!g2news1.google.com!news1.google.com!news.glorb.com!sn-xt-sjc-05!sn-xt-sjc-01!sn-post-sjc-01!supernews.com!news.supernews.com!loosebowels From: Snowbound <loosebowels@ixnay.invalid> Newsgroups: alt.consumers,alt.consumers.experiences,ba.consumers,misc.consumers,misc.consumers.frugal-living Subject: Where housing still booms big Date: Sun, 20 Jan 2008 20:42:51 -0600 Organization: Leatherweather Message-ID: <13p81lc5nn1m057@news.supernews.com> User-Agent: MT-NewsWatcher/3.5.3b2 (Intel Mac OS X) X-Complaints-To: abuse@supernews.com Lines: 22