Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: woodbutcher1963
Agreed, using your example of 50%. The loans I was referring to had, on average, equity of less than 10%.
38 posted on 10/21/2011 9:32:27 AM PDT by Night Hides Not (My dream ticket for 2012 is John Galt & Dagny Taggart!)
[ Post Reply | Private Reply | To 37 | View Replies ]


To: Night Hides Not

Actually, I think this is a good idea. People that can afford to buy a $500k house are exactly the type of immigrant the USA needs(along with MIT grads).

What we do not need are a bunch of illiterate freeloaders that move here to go on welfare.

Someone that can afford a $500k house typically does not fall into that category. They would be most likely additive to our society & economy. Obviously, there should be backround checks on these people too. We do not need any more Tony Montana’s emigrating into our country.

“Say ello to my litla frien”


39 posted on 10/21/2011 9:51:35 AM PDT by woodbutcher1963
[ Post Reply | Private Reply | To 38 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson