Loading ...They likely did have a impact as I saw in. The 70s what they did to southern California and not just south of the border. Even when they escaped from Vietnam when it was taken over. By the Vietcong they headed to California where one of my in.laws at Camp Pendleton was suddenly charged with placing them or finding housing for them. They were coming from everywhere and last counted long time ago 90 different languages. Btw one Vietnamese said he was lucky he had saved some gold because I’m order to get him and his family on the boat to California they wouldn’t take their currency, the price was one one ounce gold coin per person..He got a better boat with that as some didn’t make it..
But it wasn’t just that, it was low interest rates too long and because the Blackrocks et all were buying up properties left and right to rent for easy money like the market wasn’t enough and then there was the speculators ordinary folk getting cheap loans buying houses to rent but maybe one or two for most going on. As the rent kept going up for economic survival people were buying even though the housing was over priced the rents were more over priced and saw no end to the increases. Just plain greed.