I don't think anyone is making a "killing" in anything related to Real Estate. The attorneys, appraisers, Realtors, builders, mortgage lenders and all of the support staff associated with the industry are all hurting. When you add up the numbers - this probably affects about 10% of the workforce in Dare County.
Your comments about being a "fair weather resident squeezing cash from the sand" is such a cliche. I actually left the mortgage business and was still living at the beach before our family decided to move for a number of reasons. Your assumptions as to why are just that. If you are trying to get a job in a depressed market - why don't you consider moving to a better location? Are you doing what is best for your family staying in an area that doesn't offer more opportunities? Go back to school, gain some new skills. Do something other that sit back and blame someone else for your troubles i.e. the illegal immigrants.
I think Albert Einstein said it best. Insanity = doing the same thing over and over and expecting different results. You can't sit back and expect better paying jobs are going to land in your lap. Go make an opportunity for yourself.
I guess I could apply the same quote to myself for responding to your posts but I digress.