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Texan estate agents are heading south of the border to drum up the interest in buying cut-price land and property in the foreclosure-hit state.
Thanks to a rising Mexican peso and an economy which is growing faster than that of the US, a country that has previously been looked on by America as a source of cheap labour is now seen as a potential source of rich investors.
Foreclosures in Texas have risen by 29 per cent in a year with one in every 274 households now going through the process.
The peso has risen by 5.9 per cent against the dollar since the beginning of the year.
It's all legal, so what could the problem be?
Originally posted by jitombe
We are in a buyers market now for anyone with money. Guess it doesn't matter who buys up the land. Mexico, Europeans, China, who cares...the U.S. is now a third world country and millions of dumb ass Americans let it happen.
Originally posted by LostNemesis
Well, at least rich Mexicans will bring their currency into the country, instead of collecting welfare, to send OUT of the country...
About time Mexico stopped sending us just the bottom of the bucket.
Originally posted by jitombe
reply to post by DimensionalDetective
We are in a buyers market now for anyone with money. Guess it doesn't matter who buys up the land. Mexico, Europeans, China, who cares...the U.S. is now a third world country and millions of dumb ass Americans let it happen.
Originally posted by Wintermute
I'm just saying, in my experience, I have come across far more lazy Americans than I have Mexicans.
Originally posted by Rasobasi420
Poor people are lazy.
Originally posted by crisko
Originally posted by Rasobasi420
Poor people are lazy.
Is that your view are you just repeating it?
Either way, its very ignorant.
Poor people tend to work harder than those that have everything.
Originally posted by crisko
Poor people tend to work harder than those that have everything.
Originally posted by Wintermute
Originally posted by crisko
Originally posted by Rasobasi420
Poor people are lazy.
Is that your view are you just repeating it?
Either way, its very ignorant.
Poor people tend to work harder than those that have everything.
I believe he was making an ironic comment about the stereotypical viewpoint on conservatives. Although, I don't really know how accurate your comment of "poor people tend to work harder than those have everything" is. I mean, I'm sure it's correct in some cases, but, for instance, does a poor man living in a trailer drinking PBR and reminiscing on what he could have been work harder than a rich man who got there by working his ass off? Stereotypes hardly give an accurate picture of life.
Originally posted by Wintermute
Originally posted by jitombe
We are in a buyers market now for anyone with money. Guess it doesn't matter who buys up the land. Mexico, Europeans, China, who cares...the U.S. is now a third world country and millions of dumb ass Americans let it happen.
America is a third-world country now?? We're maybe on the edge of recession, and you translate this as "third-world?" And you blame "dumb ass Americans" for this? Now I might ask, are you a self-loathing American yourself, or are you just somebody outside the country who has a distorted view of things? America is going through some stuff right now, that much is clear, but as in the past, we'll pull through. Have a little hope, eh?
In regards to the article, I say, good for them. If they can buy land legally, then why the hell not? That's what capitalism is all about.