This guy actually nails one of the reasons behind mass third world importation that doesn't get talked about much. Boomers are holding onto a shit-ton of real estate which their indebted children can't afford. But foreigners living 12 to a house, potentially can. https://t.co/xAqS0TN1Pi
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Banks do not want to be left holding the bag when the mortgaged properties of boomers who wanted to fund one last orgy of hedonistic consumption, have to go on the market en masse. So they need to import fresh consumers of debt from the only places they have left.
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