Expatriation: Is It Too Late? Rich Republican re-gentrification goes global, and it's nothing but a bitch slap to the Republican working class
Today we see the same type of naivety that exists within working class Republican would-be expatriates that still think expatriating to the south-of-the-border countries is the same type of situation it was 30 years ago, i.e. that you can live for peanuts, that your dollar goes a long ways, that you're going to be welcomed with open arms, and that real estate prices and land prices are only a fraction of what they are in the United States. This is nonsense.
Working class Republican would-be expatriates are getting a real eye-opener when they actually go to investigate. Suddenly they find out that real estate prices south of the border, land prices with real estate are actually higher than what they are in the United States.
There were a lot of Homex development homes built in Mexico from, let's say, the late 60s to the mid-70s (1968 to 1978). Homex built an awful lot of $49,900 homes in these developed communities for middle class Republican expatriates, and it was really done throughout Mexico.
Then the retirees got priced out. It is these homes and the land that they sit on that are now being bought up by wealthy pro-Bush faction Republicans who are knocking down these developments to build new gated communities. They're 30 years old, so they're teardowns.
They're buying them, really, for the land value and the easement rights that go along with them, and they're building in their place the new preferred, wealthy pro-Bush faction Republican, ultra-high security, gated condo communities, where condos start at $500,000 and go up to $3 million.
In the process, what they're doing is, they're paying enough for these older Homex-built houses from now very old Republican, middle class retirees. The 250 thousand dollars or so that they'e paying for these homes gives these middle class Republican retirees enough money to move further south in Mexico and buy a house again in another middle class Republican expatriate zone, particularly the communities that were built just north of Cuernavaca.
So now you see wealthy pro-Bush faction Republicans coming further south, buying those homes, and giving the middle class Republican expatriates a little profit -- not enough to live in a wealthy pro-Bush faction Republican community -- but enough to move yet still further south where housing is cheaper.
You are seeing now Republican re-gentrification, which means that wealthy pro-Bush faction Republicans are coming in, developing new communities, as the demand for those communities far outstrips the supply because wealthy pro-Bush faction Republicans are now the largest class of expatriates from the United States.
The older, middle class Republican retirees, some of whom have only retired recently and have found out the hard way that you can't have everything you thought you were going to have south of the border anymore, are getting pushed down the food chain, as it were.
Where does this end? Ultimately, the retirement haunt of middle class Republicans south of the border is going to be somewhere in the wilds of Nicaragua because Nicaragua is the country that is the most beat-out. The infrastructure is destroyed. There is no public utility service to speak of, and this is the reason why wealthy pro-Bush faction Republican money won't go to Nicaragua...
If you understand what's happening in this country, that the American Empire is an empire in decline, and you understand that you want to be out in the next decade, which is what, of course, wealthy pro-Bush faction Republicans understand, then you also have to understand that you've got to have the financial means to do so.
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* AL MARTIN is an independent economic-political analyst with 25 years of experience as a trader on NYMEX, CME, CBOT and CFTC. As a former contributor to the Presidential Council of Economic Advisors, Al Martin is considered to be a source of independent analysis for financially sophisticated and market savvy investors.
After working as a broker on Wall Street, Al Martin was involved in the so-called "Iran Contra" Affair as a fundraiser for the Bush Cabal from the covert side of government aka the US Shadow Government.
His memoir, "The Conspirators: Secrets of an Iran Contra Insider," (http://www.almartinraw.com) provides an unprecedented look at the frauds of the Bush Cabal during the Iran Contra era. His weekly column, "Behind the Scenes in the Beltway," is published on Al Martin Raw.com
Al Martin's website "Insider Intelligence" Insider Intelligence provides a long term macro-view of world markets and how they are affected by backroom realpolitik, as well as weekly market trading recommendations.