Illegal immigrants cause housing problems?

[KamFongasChinHo]

I saw this today from Jim Cramer from thestreet.com and CNBC,

“Housing is going to bottom, I believe, as soon as the election comes…
It will bottom because we will again look the other way about illegal immigration, and because lending will get sloppy again, and the aspiring immigrants will buy the greatly reduced housing in places like Arizona an California. Nobody likes to talk about how the crackdown on immigration really messed with housing. Way too politically incorrect. But it is a big reason why, if we look like Japan now, we won’t next year.

I expect a tidal wave of Latin American immigration under any of the candidates. Our schools and health care system are just too good to resist, and our housing too cheap to ignore. ”

Incredibly stupid and ill informedopinion from someone with a pretty good reputation.

[jpinpb]

WOW!! So all along it was immigration that was the problem and subprime loans/teaser rates at what, like 3%, that had nothing to do w/this whole mess. Lenders will get sloppy again?

That would be like me riding my motorcycle off a cliff, breaking a leg and then getting back on and doing it again.

Banks – just like Evel Knievel.

[jpinpb]

WOW!! So all along it was immigration that was the problem and subprime loans/teaser rates at what, like 3%, that had nothing to do w/this whole mess. Lenders will get sloppy again?

That would be like me riding my motorcycle off a cliff, breaking a leg and then getting back on and doing it again.

Banks – just like Evel Knievel.

[jpinpb]

WOW!! So all along it was immigration that was the problem and subprime loans/teaser rates at what, like 3%, that had nothing to do w/this whole mess. Lenders will get sloppy again?

That would be like me riding my motorcycle off a cliff, breaking a leg and then getting back on and doing it again.

Banks – just like Evel Knievel.

[jpinpb]

WOW!! So all along it was immigration that was the problem and subprime loans/teaser rates at what, like 3%, that had nothing to do w/this whole mess. Lenders will get sloppy again?

That would be like me riding my motorcycle off a cliff, breaking a leg and then getting back on and doing it again.

Banks – just like Evel Knievel.

[jpinpb]

WOW!! So all along it was immigration that was the problem and subprime loans/teaser rates at what, like 3%, that had nothing to do w/this whole mess. Lenders will get sloppy again?

That would be like me riding my motorcycle off a cliff, breaking a leg and then getting back on and doing it again.

Banks – just like Evel Knievel.

[donaldduckmoore]

Common misconception in Americans again, when they are talking about immigration, they are trying to mix legal and illegal immigrants together. I doubt how many illegal immigrants can actually buy houses in the US.

[donaldduckmoore]

Common misconception in Americans again, when they are talking about immigration, they are trying to mix legal and illegal immigrants together. I doubt how many illegal immigrants can actually buy houses in the US.

[donaldduckmoore]

Common misconception in Americans again, when they are talking about immigration, they are trying to mix legal and illegal immigrants together. I doubt how many illegal immigrants can actually buy houses in the US.

[donaldduckmoore]

Common misconception in Americans again, when they are talking about immigration, they are trying to mix legal and illegal immigrants together. I doubt how many illegal immigrants can actually buy houses in the US.

[donaldduckmoore]

Common misconception in Americans again, when they are talking about immigration, they are trying to mix legal and illegal immigrants together. I doubt how many illegal immigrants can actually buy houses in the US.

[bsrsharma]

How very interesting! Citizens and legal folks are leaving CA in droves due to unaffordable house prices and illegals will rush in to buy all the half-million $ homes using incomes from landscaping, agriculture, restuarant & domestic help and general unskilled labor? Is he also banking on no-doc zero down Jumbo loans too?

[bsrsharma]

How very interesting! Citizens and legal folks are leaving CA in droves due to unaffordable house prices and illegals will rush in to buy all the half-million $ homes using incomes from landscaping, agriculture, restuarant & domestic help and general unskilled labor? Is he also banking on no-doc zero down Jumbo loans too?

[bsrsharma]

How very interesting! Citizens and legal folks are leaving CA in droves due to unaffordable house prices and illegals will rush in to buy all the half-million $ homes using incomes from landscaping, agriculture, restuarant & domestic help and general unskilled labor? Is he also banking on no-doc zero down Jumbo loans too?

[bsrsharma]

How very interesting! Citizens and legal folks are leaving CA in droves due to unaffordable house prices and illegals will rush in to buy all the half-million $ homes using incomes from landscaping, agriculture, restuarant & domestic help and general unskilled labor? Is he also banking on no-doc zero down Jumbo loans too?

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