The slowdown in the American housing industry is bad news for Mexican remittances.
Comments (3)
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.
People don't think you're a feminist, because you don't give two shits about feminist ideas outside of ideal thoughts about how women would be more equal to men if we comically aped masculinity rituals like waving guns around. I don't think you're anti-feminist so much as just too self-absorbed and an intellectual lightweight to really be considered a feminist.
Is it worth spending over $500 on a Tivo? I'm sorry to report that it is. The Series Three has all the functionality that made its older products the best DVRs around: an intuitive user interface, transparent menus, simple and fast recording. Now it's added HD capability and two cable cards so you can record and watch at the same time (or record two shows). With the cable cards, the most annoying feature about older Tivos--the latency switching channels--has disappeared. They've also added new features that prove surprisingly useful, such as the ability to download movies on a whim from Amazon's Unbox service. I'd give up my dishwasher before I'd part with this.
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!
Posted by sol vason | July 9, 2008 12:10 PM