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Article #69

Where housing still booms big

#69
From: Snowbound
Date: Mon, 21 Jan 2008 02:42
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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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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
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