Posted on 08/06/2013 1:39:10 PM PDT by jazusamo
Obama: thinks Immigration reform is the superanswer to about every problem there is is.
Zoning will be controlled by Obama.
Yes, and when they start defaulting at high rates, he’ll come up with a bailout plan that gets the money right to the lender and the equity to the defaulters, because we cannot expect them to pay their own way when there are still rich people out there.
Well..., he did graduate from Community Organizer College.
What if I'm not using housing as an investment, but rather am looking for a place to live in? Isn't Obama's statement equivalent to ""It’s pretty simple: when more people buy homes, and play by the rules, housing costs go up for everybody,"
Thanks amigos. Now in addition to taking more time to drive somewhere because of more crowded roads, paying more taxes because I'm on the maker side to the tax bill and just live a generally more crowded and unpleasant life, I have to pay more for any house I move buy or rent in the future.
” There’s going to be some Obama supporters who never realized what they were signing on for.”
They will get exemptions, just like Obamacare.
yea, nothing says increased property value like 30 million formerly illegal thugs standing on the street corner looking for day labor
Whatever bit of work Obama does, is spent figuring out how to topple our country.
Sure. When you have 40 immigrants jammed into a house next to you, your home value will go nowhere but up. Right?
How do you know Obama is lying?
1. His lips are moving.
2. His sleeves are rolled up.
3. The teleprompter is on.
He’ll have civil strife in short order, because no middle class area is going to sit still for them moving inner city families in two houses down, and next door on the other side.
Property values will plummet, and drive-bys will be rampant.
We’re looking at racism being pumped up like a balloon. That’s what they’ll claim.
So you’re saying that if we go along with your mass amnesty for tens of millions of illegal line jumpers our wildest dreams will come true?
= = = = = = = = = = = = = = = =
Typical lib speak...
Turn off brain. (what there is of it)
Open mouth.
Spew whatever comes out of the hollow spot between your ears.
Libs ‘believe’ that if you give illegals Drives Licenses they will run out and buy insurance for their cars.
Libs ‘believe’ that the value of a neighborhood goes up if you put halfway houses and public assistance housing in it.
Libs ‘believe’ that if you raise the minimum wage to say $20.00 per hour, existing prices will ‘freeze’ where they are when the edict went into effect.
And the sad part is that enough R’s are willing to throw in with the Libs on these schemes....
ping
” He’ll have civil strife in short order, because no middle class area is going to sit still for them moving inner city families in two houses down, and next door on the other side.”
Well, doesn’t that coincide with trashing America? It sure does to me.
I predict that half of the San Fernando Valley will have 2-3 families living in single family homes. They are doing this now, but to a lesser extent.
SUB-PRIME MORTGAGE SCAMS--MASSIVE MORTGAGE FRAUD ON CAPITOL HILL:
The Congressional Hispanic Institute, Inc, is an entity organized by Cong Joe Baca (D-Cali) in his capacity as head of the Congressional Hispanic Caucus.
Cong Baca created "HOGAR" (Spanish for home) in 2003 to work with the mortgage industry, F/M, lenders, banks and latino community groups to increase mortgage lending to what savvy observers consider to be unqualified Latinos.
"HOGAR" colluded w/ Cong Baca in what was to become a massive bilking of taxpayers. Cong Baca calculatedly hyped the fact that the national Latino homeownership rate was 47%, compared with 68% for the overall population.
HOGAR was coached to call the figure "alarming," and to say "a concerted effort was required to ensure that by the end of the decade Latinos will share equally in the American Dream of home ownership."
HOGAR and Cong Baca conned the public, failing to note that most of the "dreamers" were illegals, citizens of Third World countries who had violated US borders.
Predictably, HOGAR colluded w/ co-conspirators which included:
(a) shaky mortgage companies that ran into big trouble;
(b) Fannie Mae and Freddie Mac, both now under federal control after billions in taxpayer bailouts;
(c) Countrywide Financial Corp., sold to Bank of America Corp;
(d) Washington Mutual Inc., taken over by the US government and sold to J.P. Morgan Chase & Co.; and,
(e) New Century Financial Corp. and Ameriquest Mortgage Corp, both now defunct, killed by defaulted subprime Latino mortgages.
HOGAR's ties to the subprime mortgage industry were substantial. Bribery and self-dealing were rampant:
<><> Companies that donated $150,000 to Cong Baca got the right to have their own research fellow who would conduct fraudulent studies, which were cunningly used by industry lobbyists to pump lending.
<><> Bribery and extortion in the form of $100,000 annual donations to Cong Baca, for which HOGAR provided phony news releases from Cong Baca's Hispanic Caucus promoting a lender's commercial products to the Latino market,
<><> The most shocking example of bribery well-substantitated by Hogar's literature..... HOGAR announced it worked with Freddie Mac on a self-serving two-year examination of Latino homeownership in 63 congressional districts.
The "study" found Hispanic ownership on the rise thanks to "new flexible mortgage loan products" that the industry was adopting at the urging of Cong Baca's collusive coterie.
<><> HOGAR conned lenders into even more lenient down-payment and underwriting standards.
<><> As the subprime debacle unfolded, HOGAR declined repeated requests for comment despite the economic havoc their activities precipitated.
The mortgage schemes demonstrated the criminal activities of border violators with multiple identities---perhaps violent, terrorist-connected foreigners---colluding and conspiring to defraud private companies and public entities. And mortgage racketeering enterprises which employed sub rosa finance and business practices to carry out deceptions and frauds.
The alleged ring of swindlers---a Congresman, individuals with multiple identities, banks, insurance companies, mortgage brokers--might be charged with cheating the US govt, taxpayers and bank share holders out of hundreds of millions of dollars via an elaborate web of mortgage and bank frauds.
The mortgage Dreamers used multiple phony identities, fraudulent Social Security numbers, purchased from identity forgers in order to obtain govt-subsidized benefits.
L/E will find that individuals with multiple identities obtained fraudulent mortgages then flipped the houses at ever-higher prices to family member who then absconded to foreign countries, sticking banks (and taxpayers) with hundreds of millions in fraudulent mortgages.
BACKGROUND A Wall Street Journal investigative report related that, according to the Federal Financial Institutions Examination Council examination of the borrowing spree, uncovered financial schemes by low-income housing groups, Hispanic lawmakers, a congressional Hispanic housing initiative, mortgage lenders and brokers, all colluding in fraduent schemes to increase homeownership among Latinos with forged documents which enabled massive fraud.
This was not simply the mortgage market at work. It was fueled by avarice, greed, and Congressional enabling fraudulent practices. In 2005 alone, mortgages to Hispanics jumped by 29%; Latinos with multiple fraudulent identities in low-paying jobs obtained subprime mortgages for prime properties---soaring to 169%.
(Research provided by Wall Street Journal. Some material excerpted from the NY Times). 7/12
So how does ‘play by the rules’ square with illegal aliens?
When my in-laws moved out of the valley eighteen years ago, their home was bought by two families.
What they do believe is that if they succeed in legalizing millions of dirt poor illiterate non english speakers they will be in fat city, politically and financially, for the next 100 years.
And they'll tell us anything to get us to eat their crap sandwich. I hate em.
...and yes, that does fit in with trashing America.
As a general rule, few things reduce the value of property in a neighborhood as having it overrun by Mexicans. Trash in the streets, 30 people renting a single family home, and walls covered in gang graffiti don’t do much to boost home prices.
It's as I said earlier: Bankers (those who contribute heavily to the DNC) are being insulated from Risk with this, and "Holder's People" will be moving to suburbia, with Taxpayer-funded Mortgages.
Now.....as far as what happens to home values when "Holder's People" move in, you can look at Detroit.
Couple this with the current investigation of "diverse neighborhood demographics" that HUD is conducting RIGHT NOW.
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