konnichiwa said:
insomniac17 said:
mrstickball said:
Welcome to 1928 again. Where Credit causes a massive American depression.
Sadly enough, the banks should all be destroyed. The US housing market has been booming for years - with home ownership reaching 75-80%. Unfortunately, alot of those houses were bought with credit by people that cannot afford them.
Good thing I'm getting into purchasing apartment complexes. When everyone runs away from defaulting on their mortgages, they'll run straight into my complexes.
Also, feel free to blame America for your problems. It's everyone's fault that the world has relied so heavily on globalization, that if one market falls, it takes the rest with it. There are millions of Americans opposed to the WTO, UN, and other massive global buracracies that cause so much interdependance, which can kill any country - regardless if it's the US hurting Europe, or vice versa.
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Which is why we need to do something about ILLEGAL IMMIGRATION. This is a huge problem where I live, and if we were to stop it, then we wouldn't have nearly as many poor people living in houses they can't afford. |
Blame it on the illegal immigrants now  ?
And ILLEGAL immigrants can buy houses wow that surprised me... |
Illegal= key word, and no, I am not saying it is mainly their fault, but they certainly aren't helping things.
Around here, there has been explosive growth in recent years, and many of the new families were from Mexico, and about half of those openly stated they were here illegally. They were also responsible for building the new houses, and I would assume used that money for a down payment on them, but now that the housing market has failed, they have no more money, and can't pay off their bills.
