Obsolete Certainty

Here is an interesting twist on things. Because of the growing foreclosure problem in Texas, Mexican citizens are finding the opportunity to take back Texas. Or at least little pieces of it.  As detailed in a Bloomberg exclusive article written by Thomas Black, the rising peso and the slumping U.S. real estate market have created an a rising interest in the acquisition of Texas foreclosures.

As one American wag has predicted elsewhere, “If things in the U.S. real estate and debt markets don’t improve soon, it will be Mexico that erects the fence…to keep us out.”