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Pastimes : Home on the range where the buffalo roam

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To: stockman_scott who wrote (10066)12/7/2002 6:19:55 AM
From: Sig  Read Replies (2) of 13815
 
Scott, Scott, Scott :
The answer to the housing bubble is so simple- its all in the math.
We open the borders to those 30 million Mexicans who try to cross each day. They will work for $6/hr .
They have shown they are willing to live 20 to a garage,or 20 to a small house in Calif for the opportunity to live here.
So say you have a 3500 square foot house costing $350K. Rent it to 20 Immigrants at $150/ mo which provides $3000/ month income - a surplus over the mortgage payments.
Now you buy a camper or mobile home take early retirement and travel.
But first we have to eliminate the lawyers-
Perhaps we missed the best opportunity, which was to sell the rest of California to the Japanese when they had the money, but instead I think they bought 1/2 of Hawaaii.
Sig
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