It’s an interesting concept, but, how many 1st time buyers who are citizens are able to afford homes in the People’s Republik Of California now?
New California bill would make illegal immigrants eligible for first time homebuyer loans
Joaquin Arambula, a Democratic assemblyman from California, introduced Assembly Bill 1840 earlier this year, which could create an alternative way for illegal immigrants to achieve homeownership.
The bill is set to expand eligibility criteria for a state loan program to expand these loans to include undocumented migrants that are first-time buyers.
Arambula’s update to the bill states, “an applicant under the program shall not be disqualified solely based on the applicant’s immigration status.”
“It’s that ambiguity for undocumented individuals, despite the fact that they’ve qualified under existing criteria, such as having a qualified mortgage [that] underscores the pressing need for us to introduce legislation,” Arambula told the LA Times.
You can definitely see loan companies tightening standards since they won’t be able to determine immigration status, which will cause more problems for U.S. citizens
The bill focuses on the California Dream for All Shared Appreciation Loans program, which launched spring of 2023 to give qualifying first-time home buyers a loan that covers up to 20% of a property’s purchase price that will not accumulate interest or have required monthly payments. Loanees are instead expected to pay back the original loan amount in addition to 20% of the increase in the home’s value when the property’s mortgage is refinanced or resold.
I wonder what the default rate on that government loan will be? But, again, can illegals even afford a home loan? The question now is, will it pass? This is the PRC, so, the elected officials are all about catering to illegal aliens
‘Mammoth cost’ for migrant crisis just beginning, expert warns
A staggering 10 million people have entered the U.S. illegally since inauguration day in what is an economic ticking time bomb, says author Todd Bensman.
“We’ve never seen anything like it,” he told the Herald. “It’s the biggest and baddest migration in the history of the United States and maybe the world.”
Local schools, area hospitals — “any quality of life metric” — will be overwhelmed due to this migration, he said. The courts, police, prisons and the “downward pressure on wages” will also change society drastically.
“There’s a price tag to all this that Americans are finally waking up to,” he said. “There will be political change and you’ll see it in the black and Latino neighborhoods, too.”
Non-sanctuary states/cities should ship all theirs to ones who say they are sanctuaries. Let them deal with it.
It’s like the entire nation is being led by California and New York both running to the edge of a Cliff with absolutely no desire to stop. The insanity of this junta running this country is bewildering to a normal person. Only pre programmed leftist fools couldn’t possibly vote for these people.
Biden’s low unemployment rate is predicated on ALL workers that is including recent migrants. Federal reserve has estimated 50% of all new jobs were filled by migrants. The economy is roaring (yeah yeah yeah house hold food expenditures are up from 10% to 12.5%,Wages are going up faster than inflation and plenty of jobs for anyone wanting to work even migrants
H, should we imagine these kind of bold faced lies are gonna continue until the election we’re just the convention process? We don’t know who you think you’re fooling because just about everybody in the country knows that we’re in trouble. If for no other reason then our debt. I imagine if you watch Scarborough and the dumb kunt with him all the time you don’t get the actual pulse of the nation you get the pulse of the rich and one percentile which I assume you’re in. So am I so don’t worry. But at least I’m smart enough to read other things and listen to what they actual people are saying. And they disagree with you by a large percentage.
Once again you lie H. Biden’s low unemployment rate is predicated on only the workers that have not dropped out of the workforce, those who are countable. Those who have dropped out include the permanently unemployed, those on disability unemployment, street people, people not included in our population like illegal aliens who we have no record of and many other overlooked categories by fake statisticians who have personal interest in keeping the numbers low. These account for about 16 million people.
We never needed fact checkers until we had people like you giving out false facts. Now we need fact checkers to check the fact checkers because they’re bought and paid for too.
H
Just saw a poll that asked if you have more money in your pocket now compared to last year.
57% say they have less.
Typically for each 1 foot ride in dea level NJ will lose 100 feet of beach
.teach would losing 100foot of beach raise any concerns for you?
Lol
Wildwood might get pretty crowded if the other beaches disappear.
Wrong post, Johnny, but no big deal. Why would it be a concern if there’s no evidence that will happen? “Projections” aren’t evidence
Teach what beach was your fav? How long do you think it will last ?
John,
So you are saying that if we have crushing taxes, global communism and destruction of our economy and wealth that we will have beaches. Are you aware that most beaches are renewed by the various states yearly or more often.
The government has certainly published some impressive numbers that really don’t seem real. Most folks that I know in range of 30 are having problems finding jobs. Most companies are warning of massive lay offs. Debt is at an all time high. Basically I would not trust a thing from Biden as he engineered the election fraud.
John, you see you only tell part of a story and only see headline news, that makes you a liar. I looked up the thing you misunderstood about Trump and immigration. Trump allowed in a few people that were in a specific bad situation. That is how immigration is handled. The way Biden is doing it is aimed at destruction of our country.
global communism? is that a joke? exactly in which countries out of the 200 do workers own the means of production which is the most important identifier of Marx’s communism.
David please tell me what state you live in where you think people aged 30 are having problems finding work. I will use both craigslist and Indeed to show you how many jobs are available. If 70% of all undocumented migrants can find jobs I cant see why pretty much any 30yo American should not be able to find a job. Maybe they live in WV? ???? if so move to a blue state that has a better economy. Or the Dakotas which both have super low unemployment.
David I certainly don’t want to call you a liar, but could you provide me with a citation that shows that Trump allowed only a Few people who were in a bad way” to stay in the country. Foxnews44 said ALL Venezuelans, which seems to be about 600000.
David aren’t you much older than 30 yo? how big was your personal sample? And why should either you or I think that is more accurate than what we are told by our government.
Do you also believe that
the moon landings were faked
the Earth is flat
Trump is our real President
The Holocaust never happened
Taylor Swift has been weaponized to help defeat Trump
Hillary is kept alive by harvesting adrenochrome from child sex victims killed during Satanic rites
Italian satellites switched the votes on electronic voting machines.
David I don’t see or look for “a” story that only tells part of the story. I gave you the first search engine answer from : did Trump order end of deportation of Venezuelans” You didn’t like it because it was Politico. I also posted Wall Street Journal and FoxNews44
At some point disbelief becomes willful ignorance. Every US court has accepted the results of 2020, including the US Supreme Court with 3 judges appointed by Trump. Trump’s own VP certified the results.
At some point disbelief becomes
David I sent you the first research results using the words “did Trump order the end of deportations for Venezuelans”
The first that came up was Politico.com
you didn’t like that one
I sent you more including Wall Street Journal. Finally FoxNews44. You just don’t want to believe that Trump stopped all deportations of Venezuelans as a political gift to the right wing because they were victims of socialism
Your reply was that that Trump allowed a few people in a really bad way to stay. There are now about 600000 Venezuelans here because of that decision. That is NOT a few people. He made that decision 1 week before he was going to be evicted.
Currently the Federal Reserve bank estimates that of the 335000 new jobs last month 50% were filled by immigrants. If most of the people you know about 30yo are having problems finding jobs maybe they live in a one of those economically impoverished red states like WV. Tell them to move to one of the Dakotas where the unemployment rate is LESS than 2% like in the Dakotas.
Massive lay offs? Weren’t you one of those guys that also warned us about the upcoming recession that never happened? Since Biden what have you predicted that has come true? Stock market crash ? Your future predictions come across more like a list of what bad things you WANT to have happen, to validate your own political beliefs
You refuse to believe the government figures about jobs. What else ?
the Moon landings?
Flat Earth?
Hillary’s being kept alive from adrenochrome harvesting from child sex victims of satanic rituals?
The Dems used Italian satellites to switch the votes on electronic voting machines?
Trump is still our real President?
Shroom Monday, johnnie boy?
John,
Biden let in the vast majority of people. Trump only a small number. That is why you are a liar. Then you act like people spend more for food is a good thing. You are not an intellectual.