The process of kicking 20,000,000 illegal aliens out of the US is the real reason remittances are down. Several million prudent illegals sold (or dumped) their US homes last year and left the US one step ahead of the ICE man. Their departure meant there were several million fewer home buyers in the market and home prices crashed.
Thank you, Lou Dobbs. We needed more affordable housing!
The slowdown in the American housing industry is bad news for Mexican remittances.
Yes, but not by as much as I'd have thought -- remittances are only down to 2006 levels even though construction employment has fallen much more sharply. Looks like a lot of those Mexican workers who lost construction jobs found others in the U.S. and are continuing to send funds back.
The process of kicking 20,000,000 illegal aliens out of the US is the real reason remittances are down. Several million prudent illegals sold (or dumped) their US homes last year and left the US one step ahead of the ICE man. Their departure meant there were several million fewer home buyers in the market and home prices crashed.
Thank you, Lou Dobbs. We needed more affordable housing!
How the hell is that data obtained?
The slowdown in the American housing industry is bad news for Mexican remittances.
Yes, but not by as much as I'd have thought -- remittances are only down to 2006 levels even though construction employment has fallen much more sharply. Looks like a lot of those Mexican workers who lost construction jobs found others in the U.S. and are continuing to send funds back.