I was disgusted by this article. It is deplorable how the real estate scumbags are taking advantage of the Mexican immigrants who have no business purchasing a house. The one family is paying $2200 per month plus HOA to live in a condo, and predictably the man’s job is in construction. Most likely he’ll be unemployed in another year or so as will many of the immigrants who have been employed solely because of the housing boom.
If you speak a little Spanish and if you ever move your radio dial across the dozens of Spanish AM stations on any given weekend all you hear on every station are real estate infomercials, encouraging people to buy real estate and touting no down payment (no enganche).