If you're still in that camp, hopefully this article will make you understand.
Illegals built the houses. Some illegals bought the houses (using toxic loans of course). 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.
Will they stay, go underground, and turn to lives of crime?
Will they go home, leaving ghost towns of run down neighborhoods, empty Wal-Mart stores, and a sea of foreclosures?
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?
What a mess. Ay caramba. Here's a report from housing-crash and illegal-immigration-hellhole Phoenix Arizona.
New hiring law nears, migrants flee
Immigration hard-liners cheer, but economic fallout begins
Undocumented immigrants are starting to leave Arizona because of the new employer-sanctions law.
The state's strong economy has been a magnet for illegal immigrants for years. But a growing number are pulling up stakes out of fear they will be jobless come Jan. 1, when the law takes effect. The departures are drawing cheers from immigration hard-liners and alarm from business owners already seeing a drop in sales.
Some are moving to other states, where they think they will have an easier time getting jobs. Others are returning to Mexico, selling their effects and putting their houses on the market.
Adrian, a 34-year-old undocumented immigrant from Sonora, plans to move back to Mexico as soon as he can sell a 2-acre tract he owns in Tonopah.