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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: SOROS who wrote (24734)1/15/2005 4:57:40 PM
From: John Vosilla  Respond to of 110194
 
<But what about the "hot" areas all over the country? Are there not many, many areas that are growing in populations by leaps and bounds and have projections to keep growing for many, many years?>

The immigrant story has been ongoing for 100's of years. Only much of the new stuff going up in the urban areas where they tend to move to is not affordable to new immigrants or the middle class. Ironic that immigrants of today come from third world countries and are expected to buy an average house in LA or NY for $650K while in the past they came from Europe and shacked up sometimes up to 20 family members in a little tenement rental apartment in Manhattan during the greatest immigrant boom early in the twentieth century