In light of the constant housing bubble talk, this article from the LA Times on poor Mexican families buying their first homes outside of Mexico City really puts things in perspective.
Carlos Hernandez Pineda, a new homebuyer, is featured in the article. He commutes 5 hours a day and works 12 hour shifts, but that commute is worth it for him. Because he finally owns a house- something unheard for the working poor of Mexico His home is only 328 square feet.
Carlos Hernandez Pineda, a new homebuyer, is featured in the article. He commutes 5 hours a day and works 12 hour shifts, but that commute is worth it for him. Because he finally owns a house- something unheard for the working poor of Mexico His home is only 328 square feet.
"At least we're not throwing away money on rent," said the 38-year-old, who
shares the dwelling with his wife, mother-in-law, twin daughters and pet dog
Guero, whose name is Spanish for Whitey. "This is an
inheritance for our girls."
The article goes on to make the interesting point. Will these communities of pint-sized housing appreciate in value? Or will they become the new barrios of Mexico City?
1 comment:
Hey, you have a great blog here! I'm definitely going to bookmark you!
I have a site/blog. It pretty much covers information.
Come and check it out if you get time :-)
-----------------------------------------------------
Post a Comment