cheaprealty net

Moneybox in Slate posted an interesting article by Daniel Gross about the correlation between a slump in US housing and the blame game - the effects of a bursting slump are widespread and not immediately obvious, until a little research is done.

For instance, a tailing off in housing starts since 2006 can be correlated with a drop in remittances to the home countries of many of the migrant workers who provided labour during the US housing boom, countries like Mexico, Brazil and Guatemala.

As housing starts declined, so did the earnings and remittances of these migrant workers.