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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (6016)	5/10/2004 4:30:15 PM
From: Elroy Jetson	Read Replies (3) \| Respond to of 116555

Yes, many landlords would rather take some vacancy than lower rents. But if there are so many new immigrants needing a place to live, why have rents been declining nationally in the first place? Some people have suggested that new immigrants stop at a Coldwell-Banker sales office to buy a new home just as soon as they are smuggled across the U.S. / Mexico border. Personally, I find this hard to believe. Australia requires immigrants to have: a job offer from an Australian employer, or; $200k to invest in a business which must show a profit of $100k per year by year five, or; two million in investments to support themselves. Illegal immigration is very small and aggressively pursued. What are the comparable American requirements for immigration?