posted on Mar, 5 2009 @ 08:54 AM
Housing bubbles are a breeding ground for organized crime; anytime the cost of living rises faster than worker's wage organized crime activity is on
For instance, Johnny is a renter during a housing bubble, the cost of his rent goes up but his wage is stagnant and he can't get a bank loan to pay
for the increase in rent; or if the price of food rises and Johnny can't get a bank loan to feed his two kids, in each case where does he turn? Loan
shark; Johnny is not alone. Everyone else at his place of work is experiencing the same pinch; where do they turn?
2004 - 2008 was a bonanza for organized crime. Especially the Mexican drug smuggling gangs who can find mules a dime a dozen thanks to rising
home prices, rising food costs and outsourcing.