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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: bentway who wrote (21366)6/4/2004 5:19:59 PM
From: Elroy JetsonRead Replies (2) of 306849
 
That's what I hear. Shortly after people sneak across the border and obtain a job working as a Parking Valet, Busboy, Carwash attendant, or Housekeeper their next stop is a local Coldwell-Banker office to buy a $450,000 starter Home or Condo.

Although their job pays only $12,000 per year, they easily supplement their income with $90,000 per year in cash-out refinancing.

I'm sure millions have moved here from Mexico and retired a year of two later living off of real estate appreciation alone.
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