OK, so CA is doing something I like. And TBC, I havnt calculated the precise effects of this, and I dunno for sure if it will be overall beneficial. But... “Homeownership has historically been the primary means of accumulating generational wealth in the United States,” he said. “The social and economic benefits of homeownership should be available to everyone.” That rings 100% true. ...but I don't think US citizens should be competing with illegal immigrants, whom are currently flooding the nation, for these interest free home loans. Kinda seems like a big **** YOU you dirty citizen! Illegal Aliens Will Get Interest-Free Home Loans Under New Democrat California Bill (infowars.com) We do, after all, have a limited amount of available residential property. Granted, we'd have a lot more if FedGov wasn't holding more than 50% of the western US in govt land, but still, we're limited, and now everyone in the whole world can qualify for an interest free home loan in the US while millions of US citizens remain stuck in the ever more expensive rental traps. What exactly is the justification to extend interest free home loans to illegal immigrants?
The people doing that obviously feel that it will help achieve their goal of destroying the nation. All people who hold office have certain primary obligations, the first of which is to serve the Amercan people- the citizens of the United States.. Not the people from other places- Americans, Our Citizens. Anything else is a dereliction of their prime directive. In my view that is tantamount to renouncing your citizenship and should put you on the same deportation bus with those you chose to serve in preference to those you are obligated to serve.
I know about the plan in Maine to give the illegals free apartments for two years. If this interest free proposal is true for California, it’s more reason for citizen voters to rebel. It seems that the Democrat Party has decided to buy the illegal vote with programs and hope that the people who pull the economic wagon in this country won’t notice. I hope they will notice and send these Democrat ultra progressives packing. Even the voters in AOC’s district are catching on to how the progressive Democrats are out to screw them.
They are handing them debit cards in New York City, and Newsom is giving them free healthcare in California. So the illegal pension train is already on the tracks and ready for launch. Voters should remember one of the 2020 Democrat debates where the candidates were asked if illegals should get free health care. Every hand flew up. If they hadn't answered in the affirmative, they would have been done as a Democrat presidential candidate instantly.
And there are folks on PF advocating for spending more federal money to get more illegal asylum seekers into the country faster. Lots of incentives from the federal government and state government to illegally cross the border. And people wonder why it gets worse….
No interest and no payments and you just pay back your basis plus 20% of the increased value when you sell it seems like an odd approach, but whatever. For the most part, immigrants of questionable legality do a really good job of fixing up marginal properties and expanding them in our area. They more than doubled the size of a house about a block from me.
No. try again. The source is in the article. Let me explain something you lefties can't seem to EVER get. The site that posts the information is almost always NOT the source. Keep reading that sentence until you get it. The source is linked in the article. So, again, try again and see if you get it this time.
What's the argument against it? The California Dream for All Shared Appreciation Loans program that launched last March by the California Housing Finance Agency offered qualified first-time home buyers with a loan worth up to 20% of the purchase price of a house or condominium. The loans don’t accrue interest or require monthly payments. Instead, when the mortgage is refinanced or the house is sold again, the borrower pays back the original amount of the loan plus 20% of the increase in the home’s value.
“It’s that ambiguity for undocumented individuals, despite the fact that they’ve qualified under existing criteria, such as having a qualified mortgage, underscores the pressing need for us to introduce legislation,” Arambula said in an interview. The original program was established in an effort to help low- and middle-income individuals buy a home, but the program doesn’t address eligibility based on immigration status, Arambula said. So Arambula is seeking to clarify undocumented people be eligible for an existing program.
I say send them to college.... that way Joe will spend my money on their education and forgive their debt using my money.... .. Then we can get them free Iphone 14 and service, give them cash before sending them wherever they want... Shirley they will all die from hunger and the elements... oh wait.... we pay for that providing them also...and..... if they get a cold, we pay for emergency room charges for their treatment.....Ain't America great. This "new voters" ....... ooooopppsssws..... I mean Newcomers... idea is just great...
What every citizen should understand- is that Every Dime of the money that goes to the illegal immigration issue is taken from their pockets, and being used for the benefit of people who have no right to be here- by politicians that might as well be giving you the middle finger for objecting to it. Gross fiscal incompetence is hardly adequate for the financial element either. The national debt is rising at the rate of $1 Trillion dollars in 100 days. That is equal to $3600 annually per citizen- for every man, woman and child in the nation. At a time when excellent management of the nation, of its spending and its focus is a critical need, we have just the opposite in power. Like the Three Stooges, but it's real- not a bizarre comedy act.
Maybe I should denounce my USA citizenship and claim I'm from Columbia where I was being persecuted due to my sexual orientation. I could demand an interpreter so when I spoke English everyone could understand me. After that I got it made thanks to the lefties and the taxpayers. I would even vote democrat -- more democrats in office, more giveaways for me.
The link in then OP doesn’t have a link to the actual bill. That would indeed be helpful in order to see the actual language of the bill. Curious why anyone would post this story without first doing some digging to confirm whether or not the claim is 100% accurate. I would think we should all question any story we see on the internet these days. We all know the story in the OP starts off being disingenuous as it makes it seem illegals are being prioritized with this mortgage program however, there is nothing saying the program is ONLY for illegals.
