Posted on 08/27/2024 2:14:23 PM PDT by ChicagoConservative27
California Democrats passed a bill in the State Senate that would provide up to $150,000 in home loans for illegal aliens who are first-time home buyers in the state.
The bill, AB 1840, passed the Assembly in a different form, and will head back there for approval before heading to Gov. Gavin Newsom’s (D) desk.
As Breitbart News reported Monday:
AB 1840, proposed by Assemblymember Joaquin Arambula (D-Fresno), expands an existing program for first-time home buyers such that applicants”shall not be disqualified solely based on the applicant’s immigration status.”
The bill has already passed the California State Senate and is moving through the State Assembly — both dominated by Democrats, who have supermajorities in both chambers.
Depending on the borrower’s circumstances, the loans offered would not require down payments or interest — only a premium representing a percentage of the appreciation of the home’s value, in addition to repayment of the principal.
(Excerpt) Read more at breitbart.com ...
She is a timid gal who doesn’t like to offend. :D
Every day I thank God that I was able to get out of California.
memories?
S&L bankruptcy crisis of the early 80’s?
Subprime mortgage crisis 2007-09?
Some years ago, when anyone who could FOG A MIRROR GOT A loan...
An ILLEGAL PICKER who ‘followed the harvest’ in Calif got a loan to buy a $650,000 house in Fresno, Calif.
6 months later-— it was foreclosed on.
NEVER made a single payment & property had considerable damages.
How do you define home? Is a tent or camper a home?
This is one where they didn't and won't give Western civilization a choice.
From Applications of Refugee Lens Investing, a Rockefeller Foundation investment tactic they shared with the few, the loud, the fellow narcissistic interested in building inclusive economies for those they uprooted from their native land in the oligarch's modern version of colonialist exploitation.
They, the oligarchs, are sitting those they uprooted squarely on the backs of the taxpayers of the developed nations the US, or GB or Germany, might as well say Europe, right, the nations they obviously have scheduled for demolition. Well, most of them.
I'd say they don't like US very much and I hope I'm misreading their plans but here they are. Thumb through their notes and make up your own minds https://www.rockefellerfoundation.org/reports/?current_page=1
When Trump deports them then they definitely won’t be paying it back.
Section 1324 title 8 makes it a federal felony to encourage illegals to live here.
https://www.law.cornell.edu/uscode/text/8/1324
(A)Any person who—
(iv)encourages or induces an alien to come to, enter, or reside in the United States, knowing or in reckless disregard of the fact that such coming to, entry, or residence is or will be in violation of law; or
(v)
(I)engages in any conspiracy to commit any of the preceding acts, or
(II)aids or abets the commission of any of the preceding acts,
shall be punished as provided in subparagraph (B).
(B)A person who violates subparagraph (A) shall, for each alien in respect to whom such a violation occurs—
(iv)in the case of a violation of subparagraph (A)(i), (ii), (iii), (iv), or (v) resulting in the death of any person, be punished by death or imprisoned for any term of years or for life, fined under title 18, or both.
150,000 on a million dollar home. Add the twenty five thousand that Kamala gives and thru still will never afford to live in the house. If I were an illegal, I’d look side eye at this “help”.
It’s a loan. God only knows what the interest rate will be. A bunch of illegals are going to see their homes being foreclosed on before year two of this program. Probably planned.
Until you don't have to pay it back.
Democratic politicians can’t even define male and female
and you want a definition of “home?”
you’ll have to ask them
“When I use a word,’ Humpty Dumpty said in rather a scornful tone, ‘it means just what I choose it to mean — neither more nor less.’
’The question is,’ said Alice, ‘whether you can make words mean so many different things.’
’The question is,’ said Humpty Dumpty, ‘which is to be master — that’s all.”
― Lewis Carroll, Through the Looking Glass
And as binding as a prison sentence, by gahr.
The illegals will get their house and never make one mortgage payment.
150k is for the down-payment. Paying monthly mortgage payments will be optional. This will cause the real estate market to crash again.
I'm in South San Francisco. All homes here are above a million. One went on sale for $998,000 a week ago, and quickly got snapped up, being the rare one below a million. My wife likes looking at open houses for sale, so we checked out a few last couple of weeks, and also talk to the agents selling them. The smart ones price them low, and get multiple bidders to move the price up. One we looked at priced at $1.4M, was really nice and we commented to the agent that it would probably go for $1.7M, which it did after one week on the market.
We helped one of our daughters get a home near us a couple years ago, giving her money for a down payment. Seller wanted $1.3M, we offered $1.1M and daughter got it. Thankfully she has a good IT job and can make the payments. Many other adult kids of neighbors end up moving far away to afford a home, many go to other states. Another daughter went to Iowa, and another to Kansas before moving to Texas. California is costly. Our area is getting gentrified with new amenities; new library with recreation facilities, new police stations, new fire houses, as well as new businesses and stores. Despite the downturn elsewhere, lots of construction going on.
The changes over the decades since California was Republican, are startling. In the early 1950's, my parents bought a home in SF for $6,000 and completely furnished. My mom sold it in 1973 after renting it out for a while and got $23,000. By the mid-1980's same house (after remodeling) sold for over $1m, and by year 2010 sold for $2.7M. Big change in cost from $6K to $2.7M over half a century. Blame it on Democrats who took over the city and state that hike up taxes.
150k is for the down-payment. Paying monthly mortgage payments will be optional. This will cause the real estate market to crash again.
I have been telling illegal aliens they need to get themselves and their families to a church where folks are actually studying the Bible and they are OPEN to such a message. Americans, don't want to hear it.
Course, not a SINGLE (R)N(C) ‘think-tank’ would even dare challenge something like this on Constitutional (5th, 13th, 14th A.), let alone LEGAL (aid/abet/conspir/collud-ing+), grounds.
That might win...& then the (R)-wing of the Uniparty *may* actually have to start upholding/enforcing the Constitution+ themselves (party of “smaller govt” hasn’t uttered that phrase since < 2016).
Give them all a million, homes are expensive in CA.
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