I just read this article and had to do a little post about it.
In the midst of our jobs slump, the housing crisis, that whole “debt-limit” thing, it seems that some people are finding ways to act advantageously to U.S. economic conditions.
In a report by the Vancouver Sun’s online edition, it appears that Vietnamese Organized Crime syndicates have their eye on American real estate. Apparently our record low interest rates and low property values could save these marijuana cultivating business moguls a whole heap of money – enough, in fact, to move south, away from British Colombia where the weather is beautiful, economy is strong, and drug law is relatively lax.
It just goes to show you that Bernanke’s insistence on record low mortgage rates is enticing people to buy. Only, they’re Vietnam-born Canadian drug king pins. Oh well…
Read the full article.