Today is the first day in months I had a chance to write. My last real post was about two months ago. Around that time my mother had receive her bankruptcy settlement.
To give you some detail, late in 2008 – during the housing implosion – one of the rental properties my parents own was going in the “higher percentage rate”; previously known as “balloon payments”. The consequence was a court fight between the parties that own the property. That in turn lead to bankruptcy. To say the least, it was stupid – real stupid. At this point, my mother has lost her house of 30+ years, two crappy rentals remain – that the bank refused to take in bankruptcy, but still wants it’s money. And we are living in El Paso, Texas.
In the meantime, I have come to find out that El Paso (and it’s twin city across the border – Ciudad Juárez) is the 22nd largest metropolitan area in the United States; and it is the third fastest-growing metropolitan area. It has an International Airport and three (3) Border crossing. The factories across the border, known as Maquiladoras, provide one of the largest economic bases in the area, second only to “West Texas Crude“. In short, El Paso, despite it’s relatively average income, is very profitable area of the US. In addition, it is one of the earliest North American possession for Spain.