Mafia

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 the prowl.

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.

reply to post by silo13


I work in law and deal with organised crime elements on a daily basis. I do know what I'm talking about and I've probably dealt with more of them- and seen the # they do- than you would have.