With shoehorn in hand, Mexicans move into homes

“Hernandez is part of a wave of low-income Mexicans becoming first-time homeowners thanks to an aggressive government effort to make mortgages available to the working poor. Since President Vicente Fox took office in December 2000, more than 2 million Mexicans have obtained home loans, mainly through government-backed programs. That’s double the number achieved by Fox’s predecessor, Ernesto Zedillo, in his first five years in office.

With payments as low as $75 a month, young families are flocking to massive subdivisions being constructed by commercial builders on the outskirts of Mexican cities. Last year, developers built nearly 414,000 homes, a 66 percent increase from 2001. The most inexpensive units are as pint-sized and identical as Hernandez’s pigtailed 3-year-olds, Karla and Marlene.”

Please notes some (many) sites require registration. Many times it is free.

Comments are closed.