The Mudcat Café TM
Thread #111167   Message #2346847
Posted By: Amos
22-May-08 - 10:08 AM
Thread Name: BS: Bob Barr joins in - Libertarian candidate
Subject: RE: BS: Bob Barr joins in - Libertarian candidate
Illegal aliens bought houses. They would not have qualified for loans under normal circumstances, and should not have been taking out mortagages, but they were. Once in default, all they have to do is to go back to Mexico and there's nothing the lending institutions can do to recover what they consider to be "their money." This makes the entire situation much worse, and the empty houses are dragging down the value of the houses around them. To complicat the situation, knowing no one can come after them, they often "strip" the house of anything of value before they head south. This is why the central valley of California is considered to be the "foreclosure capital of America."
(Riginslinger)

This paints a picture, intentionally or not, of illegal aliens being a leading force in the foreclosure crisis.

I think that is an unsupportable conclusion.


A