Undocumented immigrants are starting to leave Arizona because of the new employer-sanctions law. Immigration hard-liners cheer, but economic fallout begins Here's a report from housing-crash and illegal-immigration-hellhole Phoenix Arizona. Or will they rob the banks on the way out (Countrywide and Indymac of course), doing cash-out refis with bloated appraisals, never intending to pay back the loans?
Will they go home, leaving ghost towns of run down neighborhoods, empty Wal-Mart stores, and a sea of foreclosures? Will they stay, go underground, and turn to lives of crime? And now that the corrupt REIC work has dried up, and home prices are falling, plus the states are making it illegal to hire an illegal, we've got a big stinking mess on our hands. Some illegals bought the houses (using toxic loans of course). If you're still in that camp, hopefully this article will make you understand. Gotta love the folks who didn't understand that the housing bubble and illegal immigration were linked at the hip.