Saturday, October 4, 2008

Immigration Homes

As various commentators have been suggesting, now that the government is going to - more or less - buy up the unaffordable mortgages on all those genius houses in California, Arizona, Nevada, and Florida, you will soon be hearing from the Establishment that ram-rodded the bailout through, and its loyal media, that the only real solution is to let in a lot more immigrants to buy up all those homes.

Let me just point out that 50% of the foreclosures and, probably, 75% of the dollar value of foreclosures, have happened in those four high immigration states. That’s not a coincidence.

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