Arizona's new anti-immigrant law may negatively impact already bad housing market

[Bluebear]

...Mike Orr, who publishes the Cromford Report, said from a housing-market perspective, the consequences of SB 1070 "seem more likely to be negative than positive."

"Estimates are that there are several hundred thousand undocumented aliens residing in Arizona," he said in a recent housing report. "If the law has the intended effect and these people do leave, then both population and demand for housing will probably decline."

Orr believes these are the two key issues: If certain parts of the population feel victimized or less welcome even though they have legal residency, they may choose to move voluntarily; and out-of-state or out-of-country buyers who are considering buying a vacation or investment home in Arizona may not, either to boycott the state or because the housing market seems less likely to improve.



Read more: http://www.azcentral.com/business/realestate/articles/2010/05/18/20100518states-migrant-law-may-affect-housing-market.html#ixzz0oKvKJR55

[Xipe Totec]

1. Meet my grandfather and his brood

Who also chose to leave (Jerome) Arizona in the 1920's because of its inhospitable climate toward Mexicans:

[Bluebear]

2. Mucho gusto, abuelo!

(Was that correct? :)

[Xipe Totec]

3. Indeed!

My grandfather was red headed and freckled, and STILL, didn't feel comfortable with around the AriNazis.

[Bobbieo]

5. Which one of the brood was your madre,/ padre?

[Xipe Totec]

6. He wasn't born till the next year nt

[SoCalDem]

7. A silver lining, perhaps.

Young families tend to be more liberal than older, more prosperous ones, and if these younger families start moving there to buy a home at a bargain rate, maybe the state will change. If these younger people are employed in fields that can translate into working online/from home it just might be what AZ needs. Artists have always loved the southwest too..Maybe an influx of a bunch of leftie artists would be a nice thing too:)

Let the old, crusty, racist transplants pack their shit up and "go back where they came from"..

[elias49]

4. AZ is already screwed, housing-market-wise

They've been overbuilding for 10 years. F'n crazy.